Mr. Pequet: Certainly. MPI Investment Management is an independent, registered investment advisory firm located in a suburb of Chicago. I started the firm in 1986, and we specialize in short/intermediate duration, high-quality fixed income separately managed portfolios.
TWST: What is the firm's investment philosophy?
Mr. Pequet: Our philosophy for fixed income has been to maximize returns within the short/intermediate duration and high-quality section of the bond market. Our accounts are separately managed and each account is individually managed to the client's specific investment goals or needs. That said, we work within an average maturity range of two to five years. We are on the short/intermediate side of the yield curve. We move up and down that average maturity range depending on the current interest rate environment. We have a bias towards the high-quality side of the market. On the taxable side, we generally do not use corporate bonds, we use governments, agencies and GSEs. In tax-free municipal accounts, we also have a bias towards high-quality issues. We only use A-rated or higher-quality bonds, and generally our accounts are 40% to 50% AAA-rated paper. Whether it's our institutional or high-net-worth clientele, we provide short duration, very high-quality, very liquid, conservative portfolios. We are usually the most conservative manager within a client's portfolio.
For more information call (212) 952 7433. The Wall Street Transcript does not endorse any of the comments made by interviewees, and does not make stock recommendations.