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Home > Financial Services > Mutual Funds > Austin Funds
Austin Funds
Peter Vlachos founded Austin Investment Management in 1989 and has over 40 years of investment experience. Peter is President and CIO at Austin. Assets under private portfolio management currently exceed 200 million dollars. Minimum for this service start at 1million dollar.
Every security for purchase is reviewed with particular attention given to factors which impact a company's income, and balance sheet, its growth potential and its ability to generate cash flow to service and repay debt. Positions are usually held for at least 2 to 3 years and are sold when the price exceeds our estimate of long term intrinsic value or there is significant deterioration in financial strength. They believe that common stocks that have achieved consistent dividend growth are a better vehicle to meet income requirements over the long term than fixed income securities. In some cases, fixed income securities are purchased to provide for current income needs as well as to stabilize the overall volatility of the portfolio.
Austin Investment Management has one mutual fund named Austin Global Equity Fund. Forum Austin Global Equity Fund seeks capital apprecation. The fund normally invests at least 65 percent of assets in common stocks and convertibles from at least three countries, including the United States. Investments will generally be focused in the United States and other Asian countries, although management intends to invest more in domestic securities than in any other foreign country. Management seeks securities that possess above-average growth potential or attractive valuations. The fund may invest up to 25 percent of assets in equities of companies in the telecommunications industry.
Investing overseas involves special risks, including the volatility of currency exchange rates and. In some cases, limited geographic focus, political and economic instability, and relatively illiquid markets. The firm looks to invest in companies that have strong finances and competent management in attractive, understandable businesses. The company attempts to purchase securities for significantly less than what a knowledgeable buyer would pay for control of the ongoing business. This leads them often to overlook temporary negative factors that will depress their stock price, but does not impair ongoing business value. They invest in companies that they believe have the potential to create long term value for shareholders.
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