LOS ANGELES, CA--(Marketwire - March 21, 2011) - First Western Capital Management, a distinguished provider of diversified fixed income and total return strategies to North American foundations, endowments, and pension plans, has reported its High Yield Fixed Income Portfolio gained 3.56% for the fourth quarter of 2010.
According to rankings published in the February 21st, 2011 edition of InvestmentNews, First Western Capital Management's high yield product ranked second among its peers for the fourth quarter, one-, three-, and five-year periods ending December 31, 2010.
"The asset class has rewarded investors with strong returns in the difficult period of the past five years while protecting capital during the recent rise in interest rates," says Steven Michaels, Managing Director of the High Yield Fixed Income Strategies. "We strive to deliver attractive risk adjusted returns and are particularly happy with the high Sharpe Ratio (reward to variability measure) of our performance."
Additionally, in January, Mr. Michaels along with Barry Julien, Managing Director of Investment Grade Fixed Income at First Western Capital Management, released a paper -- Short But Sweet: Opportunities In High Yield -- describing how short duration non-investment-grade bonds have potential to perform well in a rising rate environment.
The report, along with a large body of thought pieces produced by First Western Capital Management's investment team, is available on the firm's website, www.fwcapmgmt.com.
About First Western Capital Management
First Western Capital Management (FWCM) is the institutional investment management subsidiary of First Western Financial, Inc., a financial services holding company recently ranked by Inc. magazine as one of the fastest growing companies in the U.S. FWCM, with well-regarded expertise in fixed income, total return, and opportunistic strategies, focuses on delivering superior investment results for institutional, sub-advisory, and high net worth clients. The FWCM investment team manages more than $1.3 billion for clients, and together with affiliated First Western entities, is responsible for over $4.3 billion in assets under management. For more information, please visit fwcapmgmt.com or call 303.531.8100.
Contact Information:
For more information, please contact:
Warren Olsen
First Western Capital Management
(303) 531-8100