Products July 21, 2011

FMA Launches SMID Cap Value Strategy

Fiduciary Management Associates (FMA), a Chicago-based institutional investment manager, launched its Small-Mid (SMID) Cap Value Equity Strategy.
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“The SMID Cap Value Strategy will be managed as a distinct investment portfolio which will seek to provide superior risk and return characteristics relative to the Russell 2500 indices,” said Kathryn A. Vorisek, FMA’s Chief Investment Officer and Small/SMID co-portfolio manager. “Naturally, there will be some overlap between FMA’s small cap and SMID cap portfolios, but that overlap will be managed at a level that ensures meaningful distinction between the two strategies.”  

Along with co-portfolio manager Leo Harmon, the Small/SMID team will seek to identify attractive stocks in a market cap range of $200 million – $10 billion.  

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“Clients are looking for alpha-generating opportunities in domestic equities, and our SMID Cap strategy gives them another way to capitalize on the inefficiencies in the small-mid cap market,” Vorisek added.
Diversions July 21, 2011

Regulators Making One Company Happy

A Massachusetts-based company recently received clearance from the National Highway Traffic Safety Administration to bring to market a flying car.  
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The “Transition,” a flying car developed by Terrafugia, Inc. of Woburn, Massachusetts, received two critical exemptions earlier this month from the NHTSA.  The central challenge for Terrafugia (and several other companies also working on a “roadable aircraft”) has been to satisfy federal aviation requirements for light aircraft, as well as vehicle safety. The two areas of concern have been the windows and the wheels.   

One exemption allows the Transition to use plastic windows instead of standard automotive safety glass, reports the Wall Street Journal.  The company says laminated safety glass typically used on cars would be too heavy – and weight was already one of the major issues.  The Journal reports that last year the Federal Aviation Administration gave the company permission for the vehicle to weigh 110 pounds more than the accepted weight to qualify as a light sport aircraft.   

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The tires on the Transition are not standard automobile wheels either.  They are capable of reaching highway speeds, but are also designed for the stress of landings.

Terrafugia’s design has somehow become more of a reality than its competitors, including the Moller Skycar or Milner Motors AirCar.  However, it will still be a while until they’re available for purchase; the Journal reports that Terrafugia expects to deliver the first production vehicle late next year.

 

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