The BM+O Partners Fund is a mutual fund whose principal objective is long-term capital appreciation consistent with the preservation of capital. The Partners Fund invests primarily in common stocks and seeks to maintain a reasonably concentrated investment portfolio. We engage in intensive fundamental research in order to identify high-quality businesses and exercise valuation discipline in the construction of the portfolio.
The Partners Fund was originally established in April 1991 as a commingled fund and converted into a mutual fund in December 2009. The Partners Fund is a series of the Forum Funds Trust, an open-end management investment company registered under the Investment Company Act of 1940. Beck Mack + Oliver is the investment adviser to the Partners Fund.
Robert C. Beck
Robert Beck has been the Senior Member of Beck Mack + Oliver since 1998 and has over 39 years of investment management experience. He joined the firm in 1986 and became a Member in 1988. Prior to his association with BM+O, Bob worked at Standish, Ayer & Wood from 1982 to 1985 and at IBM from 1977 to 1980. Bob received a B.A. degree from Wesleyan University in 1977 and an M.B.A. from the Tuck School of Business at Dartmouth College in 1982.
Richard Fitzgerald has been a Portfolio Manager of Beck Mack + Oliver since 2016 and became a Member in 2018. Rich has over 16 years of investment management experience. Prior to his association with BM+O, Rich worked at Twin Capital Management from 2012 to 2015, Jefferies Investment Advisers from 2011 to 2012, and Castle Point Capital Management from 2008 to 2010. In addition, he has private equity and investment banking experience. Rich received a B.A. degree from the University of Chicago in 2004.
|Security Description||Industry||% of Net Assets|
|Apollo Global Management Inc.||Financials||6.84%|
|Credit Acceptance Corp.||Financials||5.99%|
|Enstar Group, Ltd.||Financials||5.83%|
|The Blackstone Group Inc.||Financials||5.77%|
|Fiserv, Inc.||Information Technology||5.53%|
|Microsoft Corp.||Information Technology||5.30%|
|Arthur J Gallagher & Co.||Financials||5.16%|
|Ashtead Group, PLC||Industrials||5.06%|
|Mastercard, Inc.||Information Technology||4.94%|
|Alphabet, Inc.||Communication Services||4.85%|