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

July 9, 2024

S&P 500 Index returns, which had begun to broaden beyond a handful of tech-oriented stocks late in the first quarter, became incrementally more concentrated as the second quarter progressed.  By June, only 20 percent of S&P 500 constituents had a one-month return higher than the overall benchmark.  And just one stock, Nvidia, represented a whopping 44 percent of the S&P 500’s second-quarter return of +4.3 percent.  By comparison, the S&P 500 Equal Weight Index fell -2.6 percent during the second quarter, representing the largest calendar quarter performance differential since the first quarter of 2020 and the fourth quarter of 1999 before that.  Many stocks de-rated in the quarter to discount higher-for-longer rates, something Treasuries had started to do the quarter prior. While long-duration and other rate-sensitive stocks would usually underperform in such a situation, fear-of-missing-out investors crowded into artificial intelligence stocks and their derivative plays (e.g., utilities).

Relatively full valuations for stock indices after another solid quarter of returns, signs of decelerating economic growth, and the upcoming presidential election signify a high likelihood for considerable market volatility in the near term.  As such, stock selection remains imperative, with the plummet in stock correlations providing an excellent opportunity for stock pickers.  Despite technology’s dominant role in higher stock indices, we maintain an overweight position across equity strategies. 

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.