Tag: Article
Making a difference over the long-term
Making a difference over the long-term
Fenimore joined forces with Siena College Men’s and Women’s Basketball teams and CAPTAIN Community Human Services to host a Court Rehab Dedication and Ice Cream Social at the newly renovated basketball court at Cheryl’s Lodge in Clifton Park, New York.
Cheryl’s Lodge was the winning recipient of this renovation as voted on by attendees at the Men’s and Women’s Siena basketball games last season.
The teams, CAPTAIN, and local fans all came together to celebrate making our community better and the lasting impact it will have on kids and their families.
“For our fans to come here to Cheryl’s Lodge, obviously CAPTAIN and Fenimore Asset Management being able to put this on to refurbish a court that the youth of the community will be able to really enjoy, it means a lot,” said Carmen Maciariello. “I’m thankful to be in this position to be able to help.”
The kids at Cheryl’s Lodge named the court, The Star Court, as a reminder that every person that steps on the court is special. The Star Court was dedicated in honor of Dr. Bill Long for all he has done to help CAPTAIN.
The mission and vision of CAPTAIN Community Human Services supports and empowers people of all ages to reach their goals of personal growth and self-sufficiency, while also strengthening communities. Cheryl’s Lodge is a program of CAPTAIN, which is a Community Outreach Center offering programming for children, families, and seniors.
See highlights of the evening here:
SHARE ON
Makayla Tebano joins Fenimore as Vice President, Marketing
Makayla Tebano joins Fenimore as Vice President, Marketing
Fenimore Asset Management, an independent, Capital Region-based investment advisory firm and manager of the FAM Funds family of mutual funds, has appointed Makayla Tebano to Vice President of Marketing. Makayla, a Capital Region native, leads the firm’s marketing and brand strategy.
“Makayla brings more than 20 years of experience working across different marketing channels and will be a valuable asset to the firm’s marketing strategy as we look to grow our presence within the Capital Region,” said Fenimore’s President Christian Snyder, J.D., CFA®. “Her expertise will strengthen the firm’s initiatives while remaining true to the core of what we provide — a distinctive investment research approach and high-touch, personalized service.”
Prior to joining Fenimore, Mrs. Tebano was the Sr. Director of Marketing for MVP Health Care where she spent 20 years in a variety of marketing and leadership roles. She is a Leadership Capital Region Class of 2016 alumna and earned a BA from The College of Saint Rose.
Founded in 1974, Fenimore Asset Management is an independent, nationally recognized investment manager with more than $4.27 billion in assets under management (as of 6/30/2023) through its Cobleskill and Albany offices. Fenimore offers both individually managed portfolios and a family of mutual funds (FAM Funds) that can be used for retirement and other long-term investment planning. The firm’s team focuses on in-depth research, investing in carefully selected quality businesses, and providing its investors with highly personalized investment services.
SHARE ON
Fenimore Promotes Shaun Fagant
Fenimore Promotes Shaun Fagant
-
Insert Text here
Fenimore Asset Management, an independent, Capital Region-based investment advisory firm and manager of the FAM Funds family of mutual funds, has promoted Shaun Fagant to Regional Director. In his new role, Mr. Fagant will share Fenimore’s distinctive investment approach and solutions with individuals, families, nonprofits, small businesses, and other organizations.
“Shaun’s extensive experience in working one-on-one with investors and helping them achieve their financial goals should be a great benefit to people in our region,” said Fenimore Senior Vice President Anne Putnam. “He is dedicated to service excellence and developing caring, long-term relationships with our investors that are anchored in trust.”
Prior to his promotion, Mr. Fagant served on the FAM Funds Shareholder Services team as a Shareholder Relations professional. Previously, he was a Team Leader at Ayco (a Goldman Sachs Company) overseeing a group of financial planners. Mr. Fagant has more than 17 years of financial planning experience and earned his master’s degree in Business Administration from the University of Massachusetts.
-
Insert Image here
Shaun Fagant, Regional Director
Founded in 1974, Fenimore Asset Management is an independent, nationally recognized investment manager with more than $4.08 billion in assets under management (as of 3/31/2023) through its Cobleskill and Albany offices. Fenimore offers both individually managed portfolios and a family of mutual funds (FAM Funds) that can be used for retirement and other long-term investment planning. The firm’s team focuses on in-depth research, investing in carefully selected quality businesses, and providing its investors with highly personalized investment services.
SHARE ON
MID-YEAR INVESTOR UPDATE: Resiliency amidst signs of moderation.
MID-YEAR INVESTOR UPDATE:
Resiliency amidst signs of moderation.
-
Insert Text here
As we approach the middle of the year, we thought it would be appropriate to provide an update of what we are seeing, hearing, and thinking regarding the economy and your portfolios.
Following the close of Q1, our in-house investment research team has been busy parsing through 100+ earnings calls and transcripts from the companies they follow. No doubt, we did hear signs of moderation, particularly towards the end of the quarter. This moderation is being felt across a wide range of industries including industrial distribution, technology hardware, healthcare analytical equipment, and consumer facing businesses—particularly those impacted by higher interest rates like used autos and homebuilding supplies. In some cases, moderation means that businesses in these industries will grow at a slower rate, while in other cases certain businesses may see a decline compared to the high levels of activity achieved in 2021 and 2022.
-
Insert Image here
Marc Roberts, CFA®
Portfolio Manager, FAM Value Fund
Encouragingly, despite signs of moderation, we heard an equal amount about resiliency. Consumer spending and the labor market has remained robust, despite the pace of interest rate increases aimed at combating higher levels of inflation. Resiliency was felt across several industries including insurance brokerage, health care procedures, travel, and general industrial. For some businesses, positive results are being driven by continued solid demand, while others are benefiting more from latent pricing power. Our focus on investing in businesses that possess differentiated attributes has helped with navigating this dynamic environment and we’ve been pleased with our companies ability to get the appropriate value for the products and services they provide.
Resiliency has not only been present in the economy, but in the stock market as well. Despite news headlines and concerns at the macroeconomic level, the broader market has achieved gains year to date.
LOOKING AHEAD
We continue to monitor the ongoing developments in the banking and commercial real estate industries (read our latest banking update). Tightening credit standards and greater risk aversion may have been a culprit behind the moderation that corporate America began feeling late in the quarter and could serve to further moderate activity going forward.
At Fenimore, we know that we can’t predict potential macro eventuality. However, we continue to have high conviction in our ability to mitigate risk, and our approach to selecting quality, resilient businesses. We remain confident that over the long-term, our businesses and the leadership teams behind them can drive long-term value creation, that is expected to benefit our collective portfolios.
STAY CONNECTED
If you have any questions about your investments, you can call 800-721-5391, email us at info@fenimoreasset.com, or stop by either our Albany or Cobleskill location.
Thank you for your ongoing trust and we hope you have a safe and enjoyable summer.
SHARE ON
Antonio Goodwyn Earns the Chartered Financial Analyst® (CFA®) Designation
Antonio Goodwyn Earns the Chartered Financial Analyst® (CFA®) Designation
-
Insert Text here
Fenimore Asset Management is pleased to announce that Antonio Goodwyn earned the Chartered Financial Analyst® (CFA®) designation and is among several of the research analysts at Fenimore Asset Management, the investment advisor to FAM Funds, to become a CFA® charterholder member. The CFA® designation introduces Antonio into a select professional community of ethical financial experts around the world.
Antonio joined Fenimore in 2019, as an Investment Research Associate, conducting firsthand, individual company research as part of Fenimore’s time-tested investment approach. Antonio graduated third in his class from Fordham University before joining Fenimore. He earned a BS in Finance with a secondary concentration in Value Investing.
“We are very proud of Antonio for achieving this milestone,” said John Fox, Chief Executive Officer. “This designation coupled with his commitment to our investment process, intelligence, and character will continue to make a positive difference at Fenimore.”
Congratulations, Antonio!
-
Insert Image here
SHARE ON
Junior Achievement Titan CEO Challenge Winners: Berne-Knox-Westerlo High School with Mentor, Christian Snyder
Junior Achievement Titan CEO Challenge Winners: Berne-Knox-Westerlo High School with Mentor, Christian Snyder
-
Insert Text here
Junior Achievement (JA) is bringing business leadership skills and inspiration to nearly 150 Capital Region high school students this year. During the recent JA Titan CEO Challenge, Christian Snyder, J.D., CFA®, President of Fenimore, was pleased to be among the local CEO/President mentors. This Challenge included 66 teams (of 2-3 students each) competing across 5 different high schools over a period of several weeks.
The goal of the JA Titan CEO Challenge is “…a focus on financial analysis and insights into the workforce, JA Titan brings business economics to life with decision-making across all functions of the students’ simulated companies.” Each class was paired with a mentor that shared their personal experiences related to business management, tying together first-hand knowledge and the popular simulation challenge in which students compete as business CEOs.
-
Insert Image here
The results are in and congratulations to Berne-Knox-Westerlo high school and Christian for being the winning team in this year’s event!
SHARE ON
Welcome Home to a Hero
Welcome Home to a Hero
-
Insert Text here
The Fenimore team worked with the Veterans & Community Housing Coalition to provide 10 ‘Welcome Home to a Hero’ baskets for women veterans that are transitioning into permanent housing. Each basket was filled with pots and pans, baking sheets, oven mitts, comforter sets, sheets, pillows, cleaning supplies, shower curtains, towels and more. Our hope was to make ‘Home Sweet Home’ a little sweeter by allowing these veterans to spend more time enjoying this milestone and less time worrying about purchasing items they need.
The Veterans & Community Housing Coalition, Inc assists and supports veterans in our 7 surrounding counties by providing temporary and permanent housing as well as a food pantry. These housing options include The Guardian House, which is the only supportive housing program for homeless female veterans in New York State.
-
Insert Image here
The Fenimore team dropped off the baskets and was able to visit and tour the Guardian House and see the incredible impact that the Veterans & Community Housing Coalition has made across our community. We want to extend a thank you to the Veterans & Community Housing Coalition for their continued work and a sincere thank you to all veterans for their service.
SHARE ON
Unsung Heroes
Unsung Heroes
The Richmondville Volunteer Emergency Squad (RVES) provides emergency medical services to more than 2,600 residents in a rural Upstate New York county as well as to surrounding communities. While this rescue team is accustomed to saving others in danger, they recently had their own urgent situation.
RVES’s 2005 ambulance was in constant disrepair — a nerve-racking circumstance for first responders whose equipment can make the difference between life and death. As an all-volunteer squad that does not receive regular municipal funding, it was their turn to ask the community for help.
Fenimore’s associates were honored to support RVES’s capital campaign and thrilled when they stopped by to celebrate their new, state-of-the-art ambulance and give us a tour!
Thank you RVES for your selfless acts of service for those in need!
SHARE ON
-
Image 1
-
Image 2
-
Image 3
-
Image 4
Investing in the Future
Investing in the Future
-
Insert Text here
Fenimore associates participated in several different career and investment education events for students recently as part of our ongoing commitment to investing in future generations. Highlights include:
Middleburgh Central School District Career Day
Fenimore was proud to be among the 40+ businesses and organizations participating in Middleburgh Central School District Career Day.
Students in grades 7th through 12th had the opportunity to select areas of interest from different career groupings. Within each group, presenters spent time with the students discussing their organization, role within the organization, career background and required skills. During each of these sessions, Joe LeRoy, an Investor Relations professional at Fenimore, spoke to students about the tradeoffs between spending, borrowing, and investing, the importance of time in the market and the critical skills and background required to serve investors.
Liberty Partnerships Program Career Fair at SUNY Cobleskill
Liza Baran, Director of Shareholder Services & Operations, welcomed the opportunity to attend the Liberty Partnerships Program Career Fair at SUNY Cobleskill. The fair provided an opportunity for SUNY Cobleskill students to explore a wide variety of careers. Liza was able to meet with students as they stopped by the Fenimore table to ask questions and learn about the types of careers at Fenimore, educational requirements, and daily business activities.
-
Insert Image here
SHARE ON