Institutional Asset Management

Expert Asset Management for Institutional Investors

Partner with a trusted SEC-registered investment adviser dedicated to delivering tailored, risk-managed portfolio strategies. ALM First’s disciplined, ALM-driven investment approach focuses on optimizing risk-adjusted returns while aligning with your organization’s goals, liquidity needs, and risk tolerance.

Strategies and Framework

ALM First’s investment philosophy is driven by asset-liability management (ALM). The firm provides a thoughtful investment framework focused on maximizing risk-adjusted returns based on the client’s portfolio goals, liquidity needs, and risk tolerance. This disciplined approach includes regular reviews of investment decisions to ensure alignment with the client’s objectives. If performance strays from expectations, rebalancing is considered.

Focused Portfolio Strategies

ALM First offers strategies designed for specific mandates, including:

• Core Spread Portfolio: Our flagship strategy integrates duration risk management (2.25-2.75%) with tactical sector rotation and security selection to generate alpha. This approach offers institutions a compelling way to outperform the Bank of America Merrill Lynch 1-5 year Treasury/Agency Bullet Index while maintaining strong liquidity and credit quality standards.
• Enhanced Liquidity Portfolio: Combining 9-month Treasury bill duration targeting with opportunistic sector positioning and security selection, this strategy delivers consistent outperformance while prioritizing liquidity and credit quality.
• Investment Grade Credit Strategy: Emphasizes controlled tracking error in the 1-5 year segment through sophisticated risk management, allowing for tactical positioning in high-quality corporate credit to capture additional yield.
• Absolute Return: Seeks to generate positive portfolio returns (alpha) uncorrelated to the direction of interest rates (beta). Interest rate derivatives are utilized to mitigate interest-rate risk.
• Equity Overlay: Seeks to outperform a broad market index (e.g., S&P 500) by passively investing in equity derivative instruments (beta) and actively managing a short-duration fixed income portfolio (alpha)

Value of Partnering with a Registered Investment Advisor

As a fiduciary, ALM First offers guidance aligned with the client’s portfolio, policy guidelines, and risk appetite, ensuring that recommendations are objective. The fee-based structure ensures keeping the focus entirely on the client’s goals.

Holistic Approach to Advisory Services

ALM First’s approach includes assessing balance sheet risk, hedging alternatives, and risk management, customized to each client’s needs. Clients benefit from ALM First’s market research and portfolio construction, which is designed to respond to market fluctuations and regulatory changes while ensuring compliance with policy guidelines.

Discretionary and Non-Discretionary Relationships

In non-discretionary asset management, the client retains control of the final investment decisions, while the advisor provides recommendations based on research and market analysis. ALM First provides extensive support to help guide portfolio management within the client’s established guidelines.

In discretionary asset management, ALM First has the authority to make investment decisions on behalf of the client, acting within the client’s pre-defined mandates and risk tolerance. ALM First handles everything from asset allocation to trade execution.

Learn More

Maximize Portfolio Potential with ALM Expertise

Discover how a client-first, fiduciary-focused partnership can enhance your portfolio’s performance. ALM First’s tailored asset management solutions balance risk and return, helping your institution navigate market complexities with confidence. Connect with our expert team to explore how we can support your financial goals.

Service Offerings