Bill Matson (our Portfolio Manager) is currently available for full-time employment with a family office, foundation, or endowment seeking to allocate $20-$100 million of its investable assets to small cap value stocks.
Bill has a solid 22 1/2 year track record, achieving gross returns of 9998.6% between July 2000 and December 2022 (22.8% compounded annually) in his primary personal account by investing in the stocks of relatively small companies with compelling valuation metrics and improving fundamentals. Though these returns have not been audited by an independent third party, they are documented by a clear audit trail. We also provide Performance Statements, in addition to Brokerage Statements from major firms.
- Complete Fidelity brokerage statements for the 45 months from July 2000 to March 2004.
- Summary brokerage statements for the 22 1/2 years from July 2000 to December 2022.
Bill’s research is informed by the principles discussed in Data Driven Investing, a 500+ page book he co-authored that won acclaim as “groundbreaking” from Joe Moglia, former TD Ameritrade CEO. It may be downloaded free of charge via the link above. Analyzing 52 years of financial statement and trading data assembled by Compustat, its strategies are based upon tens of millions of data points gleaned from the stocks of more than 20,000 companies.
Though small cap value stocks have, as a group, outperformed household name companies by enormous margins over the years, astonishingly few investors have profited from them. To a great extent, this is because major Wall Street brokerages and mutual funds are too big to bother analyzing or investing in most stocks of companies whose market value falls short of $1 billion. And far more investment advisors prefer to specialize in ETF’s (exchange traded funds), rather than allocate their resources to the research, monitoring, and trading required by individual stocks.
ORF is no longer a registered investment advisor (RIA). Bill opted to terminate ORF’s registration so that he could reallocate the time he had been spending on sales and back office operations.
Click here to view our FINRA BrokerCheck report
Bill believes that his skills could best be used as the full-time employee of a family office, foundation, or endowment seeking to earmark a $20-$100 million portion of its portfolio for investment in small cap value stocks. He holds a B.S. in accounting from Babson, as well as Harvard MBA, CFA, CPA (Ret.), and CFP designations, along with over 30 years’ experience in accounting, banking, information technology, and securities.
The vast majority of investment advisors, especially those employed by large firms, are unlikely to be willing or able to properly implement the time-consuming sorts of strategies described in Data Driven Investing. This is understandable because time spent doing research and trading for their existing clients is time that’s not being spent gathering up the assets of additional fee-paying clients.
Moreover, other things being equal, the more client assets that a money manager gathers, the worse the returns on those assets are likely to be – because larger trades generate larger market impact costs. According to Warren Buffett, that is why his returns were far higher in the 1950’s and 1960’s than they’ve been in more recent years.
These problems can be minimized by hiring a well-vetted, full-time portfolio manager who is 100%-focused on the needs of just one client.
Please note that past performance is no guarantee of future performance.