Bob Kelly

Victory Capital-IM is a diversified global investment management firm offering a wide array of independent investment approaches and innovative solutions designed to drive better investment outcomes.

Grisanti Capital Management (GCM) primarily focuses on investments in on US equity securities, including common and preferred securities, mainly of large-cap companies, with a value investment perspective. The firm offers two investment approaches for separately managed account clients. In one, the goal is capital appreciation. In the other, called the High Income Equity Portfolio, GCM seeks to achieve a higher income than the US equity market and substantially less volatility than the US equity market as measured by beta, in addition to possible capital appreciation, by using such instruments as high-yielding stocks, high-quality common stocks and common stocks with a higher potential for growth. By conducting fundamental research and analyzing a company’s cash flow and/or assets, the firm seeks to make long-term investments (with a 3- to 4-year horizon) in securities that sell at a meaningful discount either to the value of their future cash flows or to their net asset value. Client portfolios consist of about 15 to 25 stocks. For a few clients, GCM may offer advice on different types of securities such as foreign stock, over-the-counter stock, corporate debt, municipal securities, mutual fund shares and US Government securities. The GCM Opportunity Fund seeks to maximize capital appreciation by investing, on a long and short basis, primarily in US securities where there exist perceived opportunities for either long-term or short-term gain. While not a primary focus, the fund may also invest in non-US securities. GCM seeks to invest the assets of the fund aggressively in order to create the potential for greater returns. While risk is taken into consideration, risk mitigation is not a primary objective of the fund. At times, the investments of the fund may be highly concentrated, with one or more individual investment positions constituting as much as 10% to 20%, or more, of the portfolio. The fund generally has a “long” bias, however it may “go short” certain securities issued by companies where the firm believes the securities have the potential to experience significant price declines. Short positions may also be employed, along with options, for risk management purposes. The fund will utilize leverage in an effort to enhance returns and to take advantage of opportunities that may arise during periods of market turmoil, as well as for other purposes deemed appropriate by GCM.^

Provides brokerage services

Functions as a College/University