Adam S. Abelson is the chief investment officer for the Stralem Funds. Adam chairs the firm’s investment committee and leads Stralem’s research effort, overseeing the implementation of the U.S. Large Cap Equity Strategy. He co-authors the firm's quarterly "West of the Hudson" letter, which is the product of the team's research trips around the world. He serves as a director of Stralem’s UCITS fund. Adam joined Stralem in 1998 after managing business units within the emerging technologies, consumer products and hotel/gaming industries.

Adam has a BA from Pitzer College, which is part of the Claremont Colleges.

Since its inception on January 18, 2000, as of May 31, 2018, the Stralem Equity Fund (STEFX) had an annualized return of 5.78%, versus 5.51 % for its benchmark, the S&P 500 total-return index, for an outperformance of 27 basis points.

I interviewed Adam last week

Stralem has deep roots in the investment management business. Please give us the firm's history in a nutshell.

Stralem & Company is a boutique money manager. We opened our doors in 1967 – so we are currently celebrating our 51st year in business. Our flagship product is the U.S. Large Cap Equity Strategy (LCES) and is available in three formats: separately managed accounts, a 1940 Act mutual fund and a Luxembourg based UCITS fund for our European clientele.

The partners and the employees of the firm are all personally invested alongside our clients. So, we eat our own cooking and we have our skin in the game. Our objective is to outperform the market with less volatility, which we describe as “participation with protection”.

Describe Stralem's "participation with protection" approach? What makes it unique?

We are an all-weather manager providing a concentrated, high-conviction, low-turnover portfolio that is constructed around understanding the centrality of capital preservation. While we of course seek to capture much of the market's rise over a full market cycle, superior long-term wealth accumulation is best accomplished by going down less in market declines in order to enable our investors to begin compounding again from a higher base once the market rebounds.