Piedmont Investment Advisors, Inc. (extinct)

Piedmont Investment Advisors, Inc. (extinct)

Piedmont Investment Advisors, Inc. (extinct)

Overview
Date Founded

2000

Headquarters

300 West Morgan Street,Suite 1200,Durham, NC 27701-2190

Type of Company

Private

Employees (Worldwide)

23

Industries

Investment Services & Portfolio Management

Company Description

Piedmont Investment Advisors employs an objective and disciplined investment process that seeks to generate consistent excess returns over a full market cycle. The firm's risk-aware equity investment philosophy focuses on extracting alpha from three interconnected processes: Quantitative, Fundamental, and Macro. They believe that this combination offers the best opportunity to outperform in the long term and maximize the return per unit of risk for their clients. All of Piedmont’s equity products use this approach with each component used in varying degrees for each product. The firm's Strategic Core strategy is managed using a fundamental process but it utilizes quantitative models as a source of idea generation. Macro insights are taken into consideration in the process of portfolio construction. For their Market Plus, Optimized SMID Core and Optimized Small Cap Core, the quantitative models are the primary drivers of stock selection and portfolio construction while fundamental and macro insights are used as inputs for risk control in the portfolio construction process. Smart Beta products are managed using factor based weighting schemes. Piedmont’s Russell Top 200 Index strategy, S&P 500 Index Strategy and S&P 600 Index Strategy use full replication methodology to generate index like returns.Piedmont constructs customized, yield-advantaged fixed income portfolios with the expectation of outperformance over a full market cycle. Their yield-advantaged style seeks to dampen performance volatility by encompassing moderate duration shifts, strategically overweighting spread sectors, and being opportunistic along the yield curve. These objectives are synthesized and implemented within the context of a quantitative backdrop. Active management connotes a constant assessment of relative value, that is, whether expected returns are commensurate with the level of risk taken. Piedmont's bias is typically an overweight in the spread sectors. They construct well-diversified portfolios to give clients the broad benefit of owning these sectors while remaining mindful of not unduly exposing the portfolio to any one issue. Conversely, security selection is emphasized, but within the context of its overall risk versus expected return.

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Recent Transactions
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Xponance, Inc. purchases Piedmont Investment Advisors, Inc. from Rosemont Investment Partners LLC

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Piedmont Investment Advisors, Inc. purchases NCM Capital Advisers, Inc.

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Rosemont Investment Partners LLC purchases Piedmont Investment Advisors, Inc.

Transaction Advisors
Investment Advisor

Advised onPiedmont Investment Advisors, Inc. purchases NCM Capital Advisers, Inc.

Legal Advisor

Advised onPiedmont Investment Advisors, Inc., Piedmont Asset Management LLC purchase Shenandoah Asset Management LLC from Lovell Minnick Partners LLC

Clients

CalPERS’ assets are managed by the CalPERS Board of Administration. CalPERS invests across a range of asset classes including global equity, private equity, fixed-income, real estate, infrastructure, forest land, inflation-linked bonds, liquidity and trust level. Strategies are managed both internally and through external managers. CalPERS' Global Equity Strategy is responsible for CalPERS investments in securities traded in global public equity markets, including in-house management of index-oriented and active strategies, externally managed active strategies, the Multi-Asset Class Partners Program, and active strategies run by emerging managers (Global Equity Emerging Manager Program). Global Equity is the principal asset class providing growth exposure in the strategic asset allocation. CalPERS Income Strategy primarily consists of US and international fixed income strategies. CalPERS' inflation-linked asset class is made up of two main asset types: commodities (including commodity futures, forwards, swaps, structured notes, and options) and inflation-linked bonds. Forestland investments are long-term investments. The return drivers include biological growth, timber prices, and land values. Forestland targets investments within the timber and agriculture sectors. CalPERS' Liquidity Strategy consists of highly liquid short-term securities with maturities of less than 10 years. Real Estate strategy focuses on US core assets with moderate leverage. CalPERS' Trust Level Portfolio Management Program (TLPM) is responsible for delivering targeted, risk-adjusted, total fund level investment returns over the long-term, anchored by the belief that strategic asset allocation is the dominant determinant of portfolio risk and return.

The Public School Teachers Retirement Fund of Chicago (CTPF) invests across a broad range of asset classes including: (1) large-cap index (2) large-cap core (3) large-cap value (4) large-cap growth (5) mid-cap index (6) mid-cap core (7) small-cap index (8) small-cap value (9) small-cap growth (10) all-cap equity (11) international equity (12) private equity (13) public REITs (14) private real estate (15) infrastructure (16) hedge funds (17) fixed-income index (18) fixed-income core investment grade (19) fixed-income opportunistic and (2) cash equivalents.CTPF's asset allocation policy targets an allocation of 62.5% of the fund's assets to investments in the public equity sector. To increase diversification benefits while maintaining a core position in equities, approximately 40% of their domestic equity investments are allocated to equity index funds, with the remaining assets allocated to active equity managers. To further improve diversification, CTPF targets a commitment of 9% of the fund's total assets to small-cap equities and 22% to international equities. They strive to invest at least 3.5% of their assets in mid-cap equities, up to 30% in the emerging markets or lesser developed countries, 3% in the private equity sector, 2% in the infrastructure sector, 2% in hedge funds, 2.5% in public REITs, 6.5% in private real estate sector and 19.5% in fixed-income securities. To increase diversification while maintaining a core position in fixed-income securities, 55% to 60% of the fund's domestic fixed-income investments are allocated to bond index funds, with the remaining portion allocated to core investment grade and opportunistic managers. CTPF allocates 2% of the fund's total assets to cash equivalents or short-term fixed-income securities to meet the fund's benefits and expense requirements.

Non-Profit Donations & Grants
Political Donations
$2,000
2002
Investors
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Peachtree Investment Advisors, Inc., a subsidiary of The Goldman Sachs Group, Inc., is a company headquartered in Atlanta, GA, that provides investment advice. It was founded in 2006 by Wesley Aaron French, Michael Edward Wolf and Dorsey D. Farr. Peachtree Investment Advisors, Inc. was acquired by United Capital Financial Advisers LLC on 01 Apr 19.

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Co-Founder at Piedmont Investment Advisors, Inc.

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Rosemont focuses exclusively on making investments alongside talented management teams in the asset management industry.The firm believes that value in the asset management industry is created when all stakeholders' interests are aligned; clients, owners, managers and employees. Their investment strategy is predicated upon building that alignment of interests by partnering with motivated, dynamic management teams and structuring companies in a manner that encourages growth, consistency, loyalty and long-term vision.Rosemont seeks meaningful minority interests alongside management teams who control the majority of the company's equity. They seek to build consensus at the board level for critical business-related issues while allowing its management teams complete day-to-day autonomy. They do not seek to integrate or consolidate their portfolio companies in any manner.

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