McComsey Asset Management LLC
U.S. Headquarters:
11400 W. Olympic Blvd.
Los Angeles, CA 90064
Mark McComsey - Managing Director and Chief Investment Officer About Us
Prior to founding the firm in 2005, Mark managed separate portfolios for clients for over 8 years while at Merrill Lynch and Morgan Stanley. While he was at Morgan Stanley, he was part of a select group that was granted the responsibility of managing customized portfolios for clients. He first implemented his Earnings Revision Growth strategy in 2002 and his Earning Revision Dividend Growth strategy in 2003. He received his B.A. from the University of Southern California in 1994.
About Our Company
McComsey Asset Management, LLC is an SEC registered investment advisor that focuses on managing growth equity portfolios for high net worth and institutional clients. Our firm specializes in disciplined, quantitative approaches to actively managing large capitalization equities. We strive to outperform key indices in bull and bear markets by employing a consistently back-tested, adaptive quantitative model.
Risk is mitigated through our highly effective sell discipline, which recognizes deterioration early and prevents selling winners too soon during volatile periods.
Investment Philosophy
McComsey Asset Management is a quantitative growth equity manager. We invest in successful, liquid, growing large capitalization companies with little or no debt, while adhering to diversification disciplines to minimize risk.
By relying on factors our firm can quantify, we form the basis for a repeatable investment process. The consistent back-testing of our quantitative model contributes in making this unique investment process effective and sustainable.
Our growth philosophy is founded on analysts’ earnings estimate revisions with an objective of high alpha and low risk. Built on the premise that company earnings are the key driver of stock performance, this sophisticated model incorporates our comprehensive examination of key analysts’ earnings estimate revisions. Our systematic and disciplined evaluation of the most effective analysts’ opinions removes subjectivity and results in optimal use of the most accurate earnings forecast revisions.
We believe a strong sell discipline is crucial in achieving our goal to outperform in up and down markets. In applying our strong sell/rebalance discipline, we seek to recognize deterioration early, avoid selling winners too soon and maintain balanced position sizes. These measures enable us to capture alpha while remaining well diversified.
Firm Philosophy
At McComsey Asset Management, we make a commitment to excel at client service.
Our entire team is knowledgeable about your account and highly responsive. We have made substantial investments in leading-edge technologies to provide best trade execution and timely, accurate, easily accessible reporting. We have developed and abide by strong compliance systems. We provide written quarterly commentaries and strategy updates.
As always, our team is readily accessible to clients for meetings and calls.
Investment Process
Our sophisticated, back-tested investment process involves both quality and growth screens. Beginning with a broad universe of successful companies, we search for essential equity metrics of large capitalization, profitability, high liquidity, and low company debt loads.
On an ongoing basis, we back-test these screens and factors utilizing rank analysis and adapt our model accordingly. We systematically use these optimally weighted metrics to filter the universe down to more stable businesses which still retain a foundation for growth.
In our pursuit of superior growth companies, we further refine our investable universe by searching for stocks experiencing positive earnings estimate revisions for 12 & 24 month forward looking periods. We require multiple positive revisions be forecasted by accurately ranked analysts. To ensure breadth and depth of estimate accuracy, we systematically track and rank analyst earnings estimates on an 8 quarter rolling basis.
The highest ranked investment candidates are then further examined by our investment team to rule out any unforeseen company specific risk, such as management change or major litigation. The final outcomes is an integrated buy or sell decision.
Diversification Process
We seek to reduce risk through strict diversification disciplines.
We require participation in at least 7 of 10 major economic sectors. Furthermore, we limit individual sector exposure to 30 percent. On an individual security level, we limit position sizes to 5 percent or less on an initial basis and 7 percent on an appreciated basis.
This approach results in a portfolio of stocks that are diversified on a sector as well as company specific basis. Cash will remain between 0 and 5 percent in a typical portfolio, although we seek to remain fully invested. Portfolios are monitored by our firm on an ongoing basis.
Please be aware that McComsey Asset Management LLC has a portfolio minimum of $250,000 to accept inquiries through this directory.
