What is CMA’s investment style and strategy?


  • Value investing plus growth at a reasonable price (GARP).
  • Bottom-up analysis.
  • Contrarian and opportunistic.
  • Focus on liquid stock indices and larger cap stocks.
  • Income-producing strategies including use of options.


  • Investment grade to high yield corporate bonds.
  • Commercial paper, municipals, and treasuries (including foreign bonds).
  • Laddered maturities generally held to maturity.
  • Main objectives: current income and/or principal conservation.
  • Short maturities can used as substitute for cash.