Thought Leadership

Assurance of Discipline

August 23, 2007

During this time of unprecedented market turmoil, we at Samson Capital Advisors would like to assure you that we have remained steadfast to our core investment discipline.  We recognize that our mandate for our clients’ anchor money is the preservation of capital, especially in times of market uncertainty.

Managing interest rate volatility risk and maintaining high credit quality are central to our core discipline.  In the low interest rate environment which has prevailed since we founded Samson, we have not seen it wise to stretch for yield by extending maturities or by lowering credit quality.  On the contrary, we have maintained our durations at the lower end of the spectrum and have maintained our credit quality focus.