The Headlands Group                                                              

INVESTMENT  MANAGEMENT  FOR  INDIVIDUALS  AND  INSTITUTIONS

• AN INVESTMENT APPROACH THAT STANDS THE TEST OF TIME

Our investment approach reflects a core philosophy shared by the country's largest and most sophisticated pension and corporate investors. Our primary objective, like theirs, is to achieve consistent performance over time despite constantly changing market conditions.

• MANAGING RISK FOR LONG-TERM PERFORMANCE

Extensive research has conclusively demonstrated that the key factor in ensuring steady asset growth is the ability to control the risk of portfolio volatility, the sharp up and down price swings that can seriously erode returns.

At The Headlands Group we use advanced, computer-assisted techniques to quantify precisely  the effect of every investment option on overall portfolio volatility. We do not rely on subjective approaches such as forecasting or market timing, which have proven to be poor predictors of investment performance.

• BUILDING ROBUST PORTFOLIOS

We endeavor to build robust investment portfolios that continue to grow in value over the years, regardless of fluctuations in specific markets.  To this end, we use two proven diversification techniques. First, we invest in vehicles that own entire economies or regions, rather than individual holdings. Our typical portfolio contains 500-3,000 securities, as opposed to the 10-50 issues in a standard portfolio. Second, we invest in diverse markets world-wide. This eliminates the increasing risk inherent in investing only in the U.S., which now represents less than one-third of the world's total wealth.

• A STRONG EMPHASIS ON REDUCING COSTS AND TAX IMPACT

Sales commissions and high operating expenses can significantly reduce investment returns. Accordingly, we favor no-load vehicles bought and sold through discount brokers. From this universe of choices, we select those that focus on minimizing expenses and taxes.

• A GENUINE COMMITMENT TO SERVING OUR CLIENTS

Our investment approach requires a strong and collaborative relationship with our clients. We take the time required to assist them in clearly defining their investment goals. We are also readily available to discuss portfolio decision making. In addition, we place focused emphasis on coordinating our work with other key advisors, including accountants and attorneys. We take pride in both the timeliness and the completeness of the information we furnish on behalf of our clients.

This high level of concern, combined with our demonstrated ability to help our clients achieve their financial goals, is earning us the trust and respect of a growing number of individuals and institutions.