Fund Facts

Inception:
September 1, 1994

Fund Type:
Income Portfolio

I-shares Symbol: SIBPX

A-shares Symbol: SQBAX

C-shares Symbol: SQBCX


Institutional Adviser:
Granite Springs Asset Management, LLC

About Granite Springs Asset Management, LLC.

The Investment Quality Bond Portfolio is managed by Granite Springs Asset Management, LLC (“Granite Springs” or the “Adviser”) has served as the Portfolio’s Adviser since April 17, 2017, following the acquisition of Sunnymeath Asset Management, Inc. (“Sunnymeath”), which previously served as the Portfolio’s Adviser since August 2015. James P. O’Mealia, Kenneth Klein and Randy Masel share primary responsibility for the day-to-day management of the Portfolio.  Mr. O’Mealia, formerly of Sunnymeath, began managing the Portfolio in August 2015.  Mr. O’Mealia, who is a Managing Director and Portfolio Manager of the Adviser, was formerly the President and CIO of Sunnymeath, which he founded in 1996.  Mr. O’Mealia was a Managing Director of ICC Capital, a registered investment adviser, from 2013 until it was acquired by Highland Capital on April 1, 2015; since then Mr. O’Mealia has assisted in the management of Highland Capital’s Multi Cap product. Mr. Klein, Chief Executive Officer of the Adviser, has been with the Adviser since February 2016; he was previously President and CIO of Citation Advisors.  Mr. Masel is Chief Investment Officer of the Adviser.  Prior to joining Granite Springs in January 2014, Mr. Masel was a portfolio manager and credit analyst with JAE Credit.  

Investment Style

Granite Springs believes that investing in short- to intermediate-term (1-10 year maturity), highly liquid fixed income instruments can preserve capital in times of capital market stress and provide historically superior returns with low risk levels. All investment decisions are made by the firm’s Chief Investment Officer, who is also the founder of the firm and the Fund’s portfolio manager. Through the use of its extensive proprietary equity and credit research, the firm believes it can achieve incremental returns in short- to intermediate-term investment grade bonds. By analyzing the entire capital structure of the companies it invests in, Granite Springs is better able to judge the investment merits of the company’s equity and debt, as well as the attractiveness of specific bond issues.

Representative Clients

  • City of New Orleans Municipal Employee Retirement Savings
  • The Count Basie Theater
  • Monmouth County Historical Association
  • Visiting Nurse Association of Central Jersey

The inclusion of representative client names, although approved by the clients, does not constitute a recommendation of the manager's services. Saratoga Capital Management, LLC has selected specific representative clients from the managers' client lists based on their universal name recognition; not all accounts are managed according to the investment styles of the Portfolios.