Michelle Stroh

Johnson builds investment portfolios designed to perform well in all market environments. The firm focuses on both investment grade fixed income and domestic equity securities. Equity strategies are bottom-up oriented driven by a proven multi-factor quantitative approach to company analysis. Fixed income blends together a macro and micro strategy, focusing on quality yield and emphasizing appropriate maturities.

Equity selection is performed from a bottom-up approach with specific emphasis on growth and value. Fundamental analysis is conducted with emphasis on medium to large-cap stocks having strong balance sheets and favorable growth prospects. Stocks are further evaluated based on their price relative to cash flow, earnings, book value and dividends. For fixed-income, the economic outlook and monetary policy, among other indicators, are used to assess the risk adjusted return potential in the fixed-income market. Rising interest rates call for shorter maturities while falling rates indicate the need for longer maturities. U.S. government and tax-exempt bonds are typically used as the fixed-income assets. They are selected in order to achieve the target duration while balancing current income, capital appreciation potential and risk. Cash equivalents are emphasized when expected returns from stocks and bonds are too low and as reserves for defensive purposes.

PNC Erieview Capital invests in North American companies with enterprise values of USD 20 - 250 million and EBITDA of more than USD 5 million. The firm targets companies operating in the fields of distribution,consumer products,healthcare and manufacturing services. It provides financing in the form of subordinated debt, mezzanine,preferred equity, common equity finance leveraged buyouts, recapitalizations and growth capital requirements with an investment size of USD 5 - 50 million.

Functions as a College/University

Functions as a College/University