Longfellow Investment Management Co. (LIM) was founded in 1986 with a focus on building portfolios that provide attractive risk-adjusted returns. When we opened our doors, the 10-year Treasury yielded 8.05%, a 30-year mortgage averaged 10.15%, and the S&P 500 closed at 247. While market conditions have changed dramatically since then, LIM has prospered and remains an agile firm in the fixed income and arbitrage arenas and has expanded into other areas. We navigated rising and falling interest rates, inflation and deflation, government shutdowns, bulls, bears, bubbles, and periods of “irrational exuberance.”
Over the years, we have had the pleasure of working side-by-side with wonderful clients. At the start, we offered Short Duration fixed income and Merger Arbitrage strategies. Based on client requests, we developed Core, Intermediate Duration, High Yield, Enhanced Cash, TIPS, and Government-Only approaches. In many ways, our expansion and growth has been attributable to our clients’ evolving needs. We are now proud to offer solutions for investors seeking a range of liquidity, income, and capital preservation needs as well as specific objectives such as LDI, SRI, ESG, and maximization of after-tax returns. Thanks to the support of our clients, assets under management continue to grow, supporting the addition of great employees to our ranks.
Through all the changes, we remain true to our roots. We still believe in focusing not just on returns, but rather consistent, risk-adjusted performance. In the long run, investors are best rewarded for avoiding the underperformers rather than chasing a few outperformers. More than anything else, we never lose sight of the fact that the assets we have been entrusted with are our clients’ assets, used to further their organizations’ missions.
As you peruse the website remember that while there is plenty of information available here, additional resources are only a phone call away. We seek to partner with clients and consultants to become a resource. If you are looking for information on the markets, strategies or particular research, we encourage you to contact us directly.