Our Firm
At PIN, we recognize a principle that we believe is largely overlooked by most in our industry. A manager's performance (investment returns) must be weighed against the potential risk of loss the investors are subject to - a lesson painfully driven home in bear markets. Many managers who generated ecxeptional returns in the 1990s drew in vast numbers of unwary investors and exposed them to devastating losses in the 2000 through 2002 bear market - a problem we believe has been repeated in 2008 and 2009. At PIN, our focus is on sparing our clients such losses, while still capturing equity-level returns over the long term.
Most advisors either avoid any serious discussion of investment risk, or they use volatility (i.e., standard deviation or beta) as their measure of “risk.” But volatility is measured relative to the average return and tells one very little about the risk of suffering actual losses (the concern of most investors).
We stand virtually alone in tracking the actual risk of loss in our clients’ portfolios. Through our focus on risk management and the unique analytical tools we have developed, we have the tools to monitor and manage risk at levels unique to our firm.
By providing timely, accurate assistance to our fiduciary clients, we make it easier for them to do their jobs well and limit potential liability.
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