Our Strategies
First Light Investment Advisors offers three primary equity strategies. Our portfolios differ in terms of their overall risk/return profile and are the basis around which individual portfolios are constructed.
All of our investor portfolios are managed as separate accounts (SMAs). This allows us to customize each and every portfolio and gives our investors total control and transparency over their investments.
First Light US EQUITY
Our US Equity Strategy seeks to outperform the S&P by combining both growth and value companies across a variety of sectors.
This strategy represents the core portfolio structure for our more conservative investors, or investors with a lower tolerance for volatility.
Our stock selection process is based on analyzing corporate cashflows to determine intrinsic value. We focus on companies with a competitive advantage, strong market positions, and pricing power. Qualities that insulate a business from the volatility of business cycles.
First Light GARP
Our GARP (Growth at a Reasonable Price) strategy aims to generate returns in-excess of the S&P 500 Index over the medium and long term, but with lower volatility than our High Growth strategy.
This strategy is ideal for investors with a growth objective but who seek to limit volatility levels associated with more aggressive strategies.
Half of the portfolio is comprised of lower volatility, high cashflow generating companies that serve as a lower volatility anchor while the other half of the portfolio is made up of companies experiencing above average rates of growth in revenue and operating income.
First Light HIGH GROWTH
Our High Growth Strategy invests almost exclusively in companies experiencing above average rates of growth in revenue and operating income.
This strategy includes a high percentage of technology companies and generally carries a higher level of industry / sector concentration.
Our investment process seeks to identify category winners in disruptive technologies that will shape the future (cloud, cybersecurity, software, blockchain, gaming, VR & AR, robotics, AI, Fintech etc.) This strategy is associated with a higher long term return potential, but with more significant volatility.
