American Capital Management is dedicated to helping our clients achieve their goals through investing in a disciplined growth strategy.
Learn MoreAmerican Capital Management, Inc. (ACM) is a boutique investment management firm, founded in 1980, with over $3.5 billion in assets under management as of March 31, 2022. We believe our firm and investment approach are unique relative to most investment management organizations. We invest for growth, focusing on active management of innovative quality small and medium-sized companies — the most rapidly growing sector of the economy. The firm is a registered investment advisor with the SEC.
Subject Matter Experts in growth investing.
We invest in businesses with an understanding that market fluctuations are a normal part of asset management.
Management can influence revenues whereas market cap is a product of market opinion. This aligns with ACM’s long-term perspective.
Dedicating time and attention where it is most valuable.
An investment process that yields results.
Carefully researched, strong businesses are their own best tools to manage risk within a portfolio.
We consider ourselves owners of businesses and make decisions with a long-term investment horizon.
Focusing on innovative small and medium-sized growth companies enables us to hold our positions for an extended period of time. This has resulted in higher returns, lower turnover, and greater tax efficiency for taxable investors.
The strategy emphasizes revenue instead of market capitalization to evaluate size.
All members of the investment team are generalists, as we believe this produces the best framework for informed opinions and productive dialogue.
The investment environment changed considerably in the last nine months. Following a massive post–Covid rally, the worldwide stock and bond markets declined sharply in the first half of 2022. The U.S suffered its worst first half since 1970. In addition, digital currency assets collapsed. The financial markets are now caught between higher-than-expected inflation and recessionary risks. Today, the fear of high inflation prevails, and the Federal Reserve is tightening monetary policy to slow demand. While the Fed’s objective is a “soft landing,” investors are worried the medicine might generate more economic weakness then necessary. Bottom line, investors need price stability because high inflation destroys the long-term purchasing power of money. The fear of a deep recessionary environment appears overblown while investors are becoming more comfortable with the uncomfortable. The stock market appears to be in a bottoming process and has firmed in July. Volatility continues as investors digest the crosscurrents from an economic slowdown, global energy crisis, higher inflation, and the Russia-Ukraine war. Eventually, the equity markets will rally significantly as the worst fears dissipate and good news fuels a surge of optimism. Until then, we expect a period of consolidation with an upward bias. A summary of year-to-date index returns for the period ending June 30 is as follows:
Dow Jones Industrials -14.4% Russell 2500 -21.8%
MSCI EAFE -19.3% S&P 500 -20.0%
NASDAQ Composite -29.2% Wilshire 5000 -20.9%
American Capital Management, Inc.
575 Lexington Avenue
30th Floor
New York, NY 10022
TEL: 212-344-3300
FAX: 212-658-9693
info@amcapmgt.com