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Walter B. Todd, III, Managing Director and Chief Investment Officer provides a quarterly commentary on financial markets, global economic factors, the political landscape, and other musings. Mr. Todd and the other members of the Investment Team share views periodically based on any number of market impact situations.

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Letter from the CIO 2017Q1 [download] 
Letter From the CIO 2016Q4 [download]
Letter from the CIO 2016Q3  [download]
Letter from the CIO 2016Q2 [download]
Letter from the CIO 2016Q1 [download]
Letter from the CIO 4Q15 [download]
Letter from the CIO 3Q15 [download]
Letter from the CIO 2Q15 [download]
Letter from the CIO 1Q15 [download] 
Newsletter 4Q14 [download]
Newsletter 3Q14 [download]
Newsletter 2Q14 [download]
Newsletter 1Q14 [download]
Newsletter 4Q13 [download]
Newsletter 3Q13 [download]
Newsletter 2Q13 [download]
Newsletter 1Q13 [download]
Newsletter 4Q12 [download]
Newsletter 3Q12 [download]
Newsletter 2Q12 [download]
Newsletter 1Q12 [download]
Newsletter 4Q11 [download]
Newsletter 3Q11 [download]
Newsletter 2Q11 [download]
Newsletter 1Q11 [download]
Newsletter 4Q10 [download]
Newsletter 3Q10 [download]
Newsletter 2Q10 [download]
Newsletter 1Q10 [download]