Dave is a founder and Managing Member of the Sierra group of companies, managing over $1.7 billion for retirees and other conservative investors in both mutual fund and separate-account formats. Recognized by Barron’s as one of the Top 100 Independent Investment Advisors, Dave has spoken and written for both professional and public audiences for over 30 years, and is recognized as a thought leader in the areas of investment strategy and risk mitigation.David C. Wright, JD, Kenneth L. Sleeper, MBA, PhD, and Frank Barbera, Jr., CMT, currently manage over $1.8 billion in assets, with exceptional long-term results, through separate managed accounts (SMAs) and the Sierra mutual funds. Dave was recognized in August 2013 as one of the Barron’s Top 100 Independent Advisors.
Sierra has served retirees and other conservative investors for over 25 years. Accordingly, Sierra focuses on two goals: (1) managing and limiting downside risk through an integrated set of disciplines starting with broad portfolio diversification as well as employing trailing stops on each holding; and (2) obtaining satisfying returns on average through a market cycle. This combination of goals has in recent years been called “absolute return”.
To serve both goals, Sierra’s starts with unusually broad diversification among many global asset classes within its SMAs, and re-allocates tactically in response to changes in trend in the economy and investment markets. Similarly, the Sierra Core Retirement Fund is among the most diversified of mutual funds.
Sierra’s approach of unusually diversified portfolio construction, daily monitoring and attentive risk-management disciplines have led to over 26 years of on-track performance for their SMA accounts. Performance details since 1994 are available on SierraInvestment.com.
In addition to Sierra’s SMA accounts, Dave, Ken and Frank manage the $800 million Sierra Core Retirement Fund, a low-volatility, highly diversified mutual fund designed for retirees and other conservative investors – and achieving a highly-ranked performance over the past five years, which spanned both bull and bear cycles in the stock market.