Background

Founded in 1982, Kempner Capital Management, Inc. (KCM) is an independent registered investment advisor. Our firm utilizes a disciplined, deep-value approach to investing in equity portfolios with an emphasis on long-term total return. It can best be described as a bottom up process looking for companies that have been overlooked by other investors but have earnings or other factors such that they will likely become better regarded within a market cycle. We also manage several fixed income accounts.

Due to the fact that the average market cap of our holdings varies over time, depending on the general macro-economic environment, we classify ourselves as multi-cap managers. For equities, our primary objective is to generate a total pre-tax return, including capital growth and dividends, greater than the rate of inflation over a minimum of three to five years. For fixed income, our primary objective is to provide a reasonable level of current income and preservation of capital through investment in full faith and credit U.S. Government Obligations.

Before establishing the firm, Harris L. “Shrub” Kempner, Jr. managed equity and fixed income assets of the Trust Department of Frost Bank (formerly United States National Bank) in Galveston, Texas as Chief Investment Officer from 1969-1982. Frost Bank of Galveston continues to be a non-discretionary client of Kempner Capital Management.
KCM’s investment team includes two portfolio managers supported by an experienced operations and trading staff.

KCM has an asset minimum of $5 Million for separately managed accounts, however the Firm’s President has the discretion of accepting accounts of smaller size. In addition, KCM serves as advisor for an equity mutual fund.

For additional information about KCM and our services, please feel free to contact us.