HGK ASSET MANAGEMENT INC

HGK Asset Management Inc. is an investment management firm based out of Jersey City, New Jersey. The company was originally established in 1983 by Jeffrey Theodore Harris, who is still with the company today acting as its Chairman, and has grown from its inception to now have an additional location in Southport, Connecticut. HGK Asset Management conducts its research internally, utilizing a fundamental and quantitative methodology to make its investment decisions. The company focuses on the value stocks of companies across all capitalizations and utilizes a bottom up investment approach, allocating its assets in the public equity, alternative, and fixed income markets on a global scale. HGK Asset Management invests most heavily in the finance sector, which alone makes up over a fifth of its total asset allocations, and also invests in the energy, information technology, industrials, health care, consumer discretionary, utilities and telecommunications, consumer staples, and materials sectors, among other sectors to a lesser degree, in order of decreasing allocation. The company holds its allocations an average of 16.27 quarters, although the firm holds its top 10 allocations for only 1.7 quarters on average. HGK Asset Management, in the most recent quarter, has had a turnover rate of approximately 17.9%. The company now operates with 40 employees of which 16 are investment professionals. HGK Asset Management oversees over $3.1 billion in total assets under management spread across 157 total accounts, all of which are discretionary accounts except for 9 that make up a minor $25 million of its managed assets. Although the company’s total number of accounts has been volatile in recent years, its total assets under management has been growing in recent years, increasing from $2.7 billion back in 2010 to its current amount today. HGK Asset Management offers a variety of strategies including its Large Cap Value, Process, Core, Process, International, and Global funds.