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- Babson College
Entrepreneur Profile - July 2010
“The stock
market keeps you on your toes,” says Maribeth Holland, founder
and portfolio manager of Sutton Place Capital Management LLC
(www.suttonplacecapital
.com) in New York City. “Every day is different.”
Holland, who began her financial career at Merrill Lynch, has
worked for more than 15 years on Wall Street, where she had the
good fortune to be surrounded by strong mentors. “I decided to
start my own firm so I could have the flexibility to think
outside of the box and deliver more personalized care,” she
says. “Larger firms tend to follow a strict formula, but a
smaller firm can be more nimble.”
This strategy has worked well for Holland. “The firm’s 2009
performance beat the S&P 500,” she says. “Having an independent
firm allows me to react faster.” The former sell-side analyst,
who identifies companies with growth plus income
characteristics, says that her average client is a high-net
worth individual, and she has a few institutions and
not-for-profit organizations. She also has developed a stock
portfolio model for socially responsible investors.
A challenge that Holland has encountered in having her own firm
is maintaining the high level of discipline necessary to adhere
to her goals, both short- and long-term. She keeps up with
research and stays on top of the news. Her clients need to see
that she works hard for them, that each individual account is
important. Holland recognizes that networking, although
time-consuming, is invaluable. “I’ve been in the business for 18
years, and I have a strong resource of names, good will, and
connections. Sometimes there are questions that can’t be
answered through analysis only. And I’ve found that if you ask
good questions, people will talk with you.”