Gifford Fong Associates

Gifford Fong Associates is a Registered Investment Adviser established in 1974, located in Lafayette, CA. Led by H. Gifford Fong, the firm specializes in customized portfolio solutions using proprietary investment technology. Services include Portfolio Optimization, Independent Valuation, and Fixed Income Analysis. The firm caters to institutional investors with equity and fixed income strategies. The minimum account size is $10 million. Fees are asset-based, with a tiered structure depending on account size. The firm does not charge performance-based fees or share in capital gains. Investment strategies are quantitatively driven with a focus on risk control. Gifford Fong Associates has not faced legal or disciplinary actions and is affiliated with the Journal of Investment Management. The firm operates with strict ethical standards and supervisory procedures. Employees are prohibited from engaging in unlawful activities or conflicts of interest. The firm provides regular account reviews and reports to clients. Gifford Fong Associates has discretionary trading authority and can vote on client securities. The firm's financial condition is stable, with no bankruptcy history. Key personnel include H. Gifford Fong, Steven Fong, and Xulin Li, each with relevant educational backgrounds and industry experience. Supervision is conducted by H. Gifford Fong. For more information, visit www.gfong.net or contact (925) 299-7800.