A Legacy of Trusted Advice & Exceptional Results

Founded in 1981, Sit Investment Associates is a privately held, multi-billion-dollar asset management firm that provides focused investment management expertise, competitive long-term results, and unparalleled service to our clients.

World Class Investment Managers Specializing in Growth Equity & Yield-Advantaged Fixed Income Strategies

Sit Investment Associates is one of the largest independent, minority-owned investment firms in the U.S. For over 40 years our success has been built on long-term client relationships, which in turn are built on a foundation of trust, commitment, understanding, and expertise. We take pride in serving as a true extension of our clients’ operations. Our highly experienced and knowledgeable investment professionals work directly with clients providing highly individualized service in an increasingly challenging economic and financial environment.

Exceptional Performance and Service

We employ a disciplined, fundamental, research-driven investment process guided by highly experienced and knowledgeable senior investment professionals who interact directly with our clients. As a result, our clients can count on the firm to achieve highly competitive results, coupled with exceptional client service.

Our Investment Approach

We view investing as the practice of applying a consistent philosophy and collaborative decision-making process driven by disciplined, fundamental research. Our broad top-down analysis in tandem with extensive bottom-up analysis enables us to identify, assess and understand the securities in which we invest.

Market Commentary

May 8, 2024

Following a series of hotter-than-expected inflation reports, fed funds futures now discount one to two 25-basis point rate cuts in 2024 versus the six to seven expected earlier in the year.  Consequently, U.S. Treasuries continued to slump in April, with the 10-year yield closing out the month at +4.68 percent, or up +80 basis points year to date.  The overall stock market had seemed immune to derating pressures, as the S&P 500 Index posted a five-month gain of +26.1 percent through the end of March.  However, stocks succumbed to inflation and broader macro concerns in April, with the S&P 500’s -4.08 percent tumble reducing its year-to-date gain to +6.04 percent. 

Investors are hoping signs of slowing GDP and job growth will persuade the Federal Reserve to start reducing rates.  Stocks have historically rallied into fed funds rate cuts, with sustained strength only if the economy avoids recession.  While the first calendar quarter’s real GDP growth of +1.6 percent was below consensus +2.2 percent, private domestic sales (i.e., consumer spending plus private investment) grew a still-robust +3.1 percent.  Nonetheless, several economic tailwinds, especially the considerable pro-cyclical fiscal expenditures and nonresidential investment, have begun to dissipate and will likely become headwinds in the coming quarters, implying headline GDP growth will continue to slow. 

A lot of legacy liquidity remains on the sidelines, able to drive incremental demand for equities. Yet, we expect volatility to rebound into the second half of 2024, especially as the U.S. presidential election becomes increasingly top of mind.  As such, portfolios are well-diversified and emphasize companies with secular growth drivers. 

For our latest full Global Investment Outlook & Strategy Update, download the pdf document.

Strategies

Our broad array of investment products encompasses the complete risk spectrum – from capital preservation to capital appreciation—enabling us to meet our clients’ entire range of investment objectives.

Performance

We are committed to a disciplined, fundamental, research-driven investment process. As a result, clients can count on the firm to achieve highly competitive results in tandem with exceptional client service.

Mutual Funds

Sit Mutual Funds is a family of mutual funds covering the entire risk spectrum, from stability of principal to high growth and grounded in our well-defined, hands-on management style and disciplined investment process.

Meet our experienced investment professionals responsible for active management of our client portfolios.