01 July, 2024
New York Based Investment Solutions
ELCO Management Co., LLC (ELCO) is SEC registered investment advisor founded in 1995.
We offer investment solutions for high net worth individuals and institutions, and are committed to consistently delivering favorable returns for our clients. We base our investment decisions upon a research driven philosophy.
We maintain niche separately managed accounts (SMA) through joint ventures with Siegel Asset Management Partners (Energy Infrastructure & Renewables) Mendon Capital Advisors (Regional Banks), and Water Asset Management (Water Opportunities). ELCO also manages a Core Equity SMA and a Preferred Equity/Fixed Income. Our SMA Assets under management are currently $200 million.
Separately Managed Account Strategies
Our Core Equity
The ELCO Core Equity SMA strategy seeks long term capital appreciation, investing primarily in large cap U.S. stocks with improving quality trends, business momentum, and attractive relative valuations. The strategy seeks out companies that are acting as disruptors and innovators in their respective industries. Through qualitative and quantitative screening and valuation analysis, we strive to maximize returns on a risk adjusted basis.
Energy Infrastructure
The ELCO Energy Infrastructure SMA Program seeks to maximize total return potential offered by the energy infrastructure sector. This industry owns and operates a large proportion of the energy infrastructure in the United States. ELCO is constructive on sectors growth prospects and income stream (~8.5% yield). Our view is driven by the demand pull opportunities presented by the abundant oil and gas production that is causing disruption in the global energy market. This product was launched in 2004 and currently being sub-advised by Siegel Asset Management.
Energy Infrastructure
The ELCO Energy Infrastructure SMA Program seeks to maximize total return potential offered by the energy infrastructure sector. This industry owns and operates a large proportion of the energy infrastructure in the United States. ELCO is constructive on sectors growth prospects and income stream (~8.5% yield). Our view is driven by the demand pull opportunities presented by the abundant oil and gas production that is causing disruption in the global energy market. This product was launched in 2004 and currently being sub-advised by Siegel Asset Management.
Preferred Equity/Fixed Income
The ELCO preferred equity/fixed income strategy provides diversified and dynamic exposure across the investment grade, high yield, agency fixed income and preferred equity markets as well as strategic opportunities in closed end funds. The strategy’s primary focus is on price sensitive movements in assets to generate current and future returns. The investments may include securities issued by domestic and foreign governments, corporate entities, and trust structures. . We may invest in a broad array of securities, including: securities issued or guaranteed as to principal or interest by the U.S. government or any of its agencies or instrumentalities; inflation-linked debt securities; municipal securities; corporate bonds; commercial paper; mortgage-backed securities and other asset-backed securities, and loans.
Regional Banks
In December 2009, ELCO entered into a joint venture with Mendon Capital Advisors (“Mendon”), a registered investment adviser that focus their efforts on the Financial Services sector. This SMA will focus primarily on regional and larger community banks. The emphasis is on institutions that have strong and or improving balance sheets with access to the capital markets, seasoned managements, acquisition know-how and minimal credit quality issues. From time to time, Mendon will also select other banks that offer capital gains as a result of mispricing in secondary offerings.
Regional Banks
In December 2009, ELCO entered into a joint venture with Mendon Capital Advisors (“Mendon”), a registered investment adviser that focus their efforts on the Financial Services sector. This SMA will focus primarily on regional and larger community banks. The emphasis is on institutions that have strong and or improving balance sheets with access to the capital markets, seasoned managements, acquisition know-how and minimal credit quality issues. From time to time, Mendon will also select other banks that offer capital gains as a result of mispricing in secondary offerings.
Water Opportunities
In November 2016, ELCO entered into a joint venture with Water Asset Management (WAM). ELCO believes there exists a growing investment opportunity in one of the world’s indispensable resources, water. The globe’s growing economies and urbanization have brought with it major challenges for this limited resource and is quickly becoming a pressing issue. The objective is to generate above average total return by investing in regulated water utilities that benefit from above average returns on equity and have very stable and predictable cash flows. WAM also plans to invest in other aspects of the water sector such as infrastructure, technology, services, treatment, and resources as part of the strategy.
IMPORTANT LEGAL INFORMATION:
Please read before proceeding. None of the information contained on this web site constitutes an offer of, or an invitation to purchase any security in any jurisdiction. Such offers or invitations would be unlawful.