A Defensive Growth Strategy Focused on the Long Term: A Wall Street Transcript Interview with Joe Costigan, CFA, Director of Equity Research at Bryn Mawr Trust Company

Wall Street Transcript

67 WALL STREET, New York - June 25, 2014 - The Wall Street Transcript has just published its Investing Strategies Report. This special feature contains expert industry commentary through in-depth interviews with highly experienced Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

Topics covered: Reactionary Investing - High-Quality Companies - Investing in Special Situations - Secular Growth Themes - Large-Cap, Deep-Value - Defensive Growth Approach - Long-Term Investing - Event-Driven Investment Opportunities

Companies include: Bed Bath & Beyond, Inc. (BBBY), Walgreen Co. (WAG), CVS Caremark Corporation (CVS), JPMorgan Chase & Co. (JPM), Cooper Tire & Rubber Co. (CTB), ITT Educational Services Inc. (ESI) and many others.

In the following excerpt from the Investing Strategies Report, an expert analyst and professional portfolio manager discusses his investing methodogy and current top picks for investors:

TWST: Please begin with a snapshot of Bryn Mawr Trust and tell us about your responsibilities at the firm.

Mr. Costigan: Bryn Mawr Trust Company is a $6 billion money manager. We are directly responsible for $4.5 billion of client assets, and we manage our portfolios across the broadest possible spectrum of asset classes - equities, bonds, alternatives, cash, real estate, etc. - and we utilize multiple methodologies to accomplish those goals. We allocate among other managers and we manage money internally.

I'm responsible for all of our research, outside manager due diligence, fixed income research, equity research and alternatives, but I'm primarily an Equity Analyst by function and training. In addition to managing our research process and individual portfolios, I lead an equity team that manages multiple equity strategies: large-cap, small, midcap, income-oriented strategies. I'm the Lead Portfolio Manager or Co-Portfolio manager for all of our individual in-house equity strategies.

TWST: Who is best served by Bryn Mawr Trust? Who are your typical clients?

Mr. Costigan: Our typical clients span multiple categories. We have institutional investors, high-net-worth investors, foundations and not-for-profits as clients. Our typical clients, as it pertains to equity investing, are long-term investors. They are growth-oriented but also risk-averse. Generally they are looking for opportunities to participate in market growth over the long run, and specifically they expect to experience outperformance and related risk mitigation or security selection.

TWST: What are the guiding investment approaches and strategies you use to help develop your individualized portfolios?

Mr. Costigan: Our overarching philosophy here at Bryn Mawr Trust Company is long-term growth and conservative stewardship...

For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

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