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.
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.
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.
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.
The stock market plunged in the wake of President Trump’s April 2 announcement on reciprocal tariffs. Despite hopes for the contrary, the President has come out swinging (really hard) on tariffs – the scale, scope, and swiftness have been astonishing. The outlook for the economy and the markets hinges on whether the President is using tariffs as a negotiating tactic or to deconstruct the global trade order. Even if his intent is the latter, market forces may push him to the former (leading to fewer global trade barriers). While he continues to dig his heels in on tariffs in the near term, the market rout will likely incentivize him to seek quick wins. Moreover, investors will begin looking to 2026 and beyond for upside opportunities once corporate earnings more appropriately reflect the risks of tariffs and an economic slowdown.
As for the economy, U.S. exceptionalism is poised to hit a speed bump, if not a roadblock, as a widening multi-front trade war, disorderly federal government shakeup, and sweeping immigration crackdown quell animal spirits. If sustained, acute uncertainty due in large part to ever-changing, on-again, off-again tariffs threatens to derail the economy before pro-growth policies come into play. Consumer confidence is waning, and households have begun to cut back amid still-high prices and job worries. Businesses are also delaying capital spending until policy clarity improves. Although macro data show the economy is still in decent shape, the new administration seems increasingly resigned that weak growth or a mild recession in the near term may be inevitable, if not beneficial. After all, it may convince the Federal Reserve to ease more aggressively, aiding tax cuts and deregulation to propel an economic rebound in 2026 and beyond. The risk is that it can be challenging (and costly) to reverse a negative feedback loop once it is established.
While a mild recession is possible, we anticipate that potential deregulation, monetary easing, and tax cuts will cushion the impact once current uncertainties ease. Equity market volatility will likely persist but offers valuable opportunities to “upgrade” portfolios to optimize risk-return profiles. As short-term gains may be limited, a longer-term view is essential, given that few companies will be unaffected by the broader economic trends. However, we are confident that focusing on company fundamentals and secular growth drivers will reward patient investors.
For our latest full Global Investment Outlook & Strategy Update, download the pdf document.
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.
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.
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.