Who We Are
Cavanal Hill Investment Management, Inc. is a Registered Investment Adviser. Cavanal
Hill offers equity, fixed-income and cash management strategies to taxable and tax-exempt
institutional and individual clients throughout the United States. As of March 31,
2008, our firm managed more than $6 billion in assets. We also provide research
and investment recommendations for another $3.7 billion of institutional and individual
equity and fixed-income assets managed independently by BOK Financial Corporation
(BOKF) and its subsidiaries.
Our Mission: Delivering Measurable Value
Cavanal Hill Investment Management’s mission is to deliver value to our clients.
We recognize that value can mean different things to different investors. We define
value two ways. First, we recognize that tax-exempt and taxable investors have different
investment objectives and performance horizons. Accordingly, we design and manage
investment strategies that are customized to meet the unique investment and risk
objectives of both groups. Cavanal Hill defines value as providing excess investment
returns (alpha), net of all fees, versus our strategy benchmarks over an investment
horizon relevant for our tax-exempt and taxable clients.
Separately Managed Accounts and Mutual Funds
Our equity, fixed-income and cash management strategies are available as a separately
managed account or as a mutual fund (with institutional or investor class no-load
shares). We’ve made every effort to keep our investment management fees and fund
expense ratios competitive in order to ensure that we are able to generate significant
excess return (net of fees) versus our benchmarks for our clients.
Strategies For Taxable Investors
Cavanal Hill has developed investment strategies tailored for taxable clients that
seek to outperform their benchmarks after all management and tax costs. Capital
gain taxes are the single largest cost incurred by taxable investors (averaging
2% annually for most equity strategies), well exceeding investment management and
transaction fees. To overcome the adverse effect of capital gain taxes on long-term
investment returns, Cavanal Hill manages taxable portfolios tax-efficiently.
Our disciplined fundamental investment philosophy and process seeks to invest in
high-quality, growth-oriented companies possessing superior and sustainable competitive
features, incorporated in a low portfolio turnover, active tax loss harvesting and
long investment horizon process. Our fundamental equity investment strategies seek
to outperform their benchmarks, net of all fees, over rolling three-to-five year
periods.
Strategies For Tax-Exempt Investors
Cavanal Hill’s taxable investment products are designed to outperform their market
benchmarks consistently over time. These products are designed specifically for
tax-exempt institutions and individuals and seek to generate high alphas, information
ratios and batting averages. Our disciplined equity process takes advantage of complementary
short-term oriented alpha generating models that require higher portfolio turnover.
Our taxable investment strategies seek to outperform their benchmarks, net of all
fees, every month.
A Team Approach Towards Investing
Cavanal Hill employs a team-approach to execute all of its investment strategies.
Cavanal Hill’s investment teams consist of experienced investment professionals
that work in a research-oriented environment that encourages the contribution of
new alpha-generating ideas to our investment processes. We continually strive to
evolve our strategies to add value and remain competitive.
Cavanal Hill has a long history of employing consistent and well-defined investment
philosophies and processes that exploit market inefficiencies, providing us the
opportunity to deliver value to our taxable and tax-exempt clients.