At Three Peaks Capital, our goal is to provide investors with maximum total return while preserving capital by delivering superior high-yield focused investment mandates. Adhering to a multi-faceted approach, we strive to add value through intensive fundamental research, active securities management, and the ability to capitalize on emerging economic and market trends. Notably, we place great importance on downside protection.
Investment Management
Chief investment officer and portfolio manager Sandy Rufenacht, a 21-year veteran of the industry, manages all of the Three Peaks Capital portfolios along with the support and resources of our team of experienced high-yield specialists. Mr. Rufenacht has primary responsibility in credit selection and portfolio management, thus enabling him to make immediate decisions and allowing for a high level of efficiency in the portfolio construction process.
Investment Process
We follow a large universe of companies, routinely reviewing earnings reports, corporate developments, trading activity and other data. Once an issuer has commanded our full attention, we look well beyond the standard published information, working with management to gain insight into the trends that affect financial development. We believe there is no substitute for speaking to management directly and as such we deploy significant resources in making numerous annual face-to-face visits. The data gathered from these meetings is crucial in helping our analysts build sound financial models. Once truly compelling ideas are identified, our team makes additional visits to gain a more complete understanding of factors guiding capital allocation decisions. Information is gathered from competitors, customers and suppliers, and further qualitative analysis is conducted. From there, detailed financial models are constructed, dissecting every significant element of a company’s financials. We then form various best-case to worst-case scenarios and conduct probability analysis, which in turn dictates whether an individual security is added to the portfolio.
