Separately Managed Accounts

  • The firm manages separate accounts for families, endowments, and family offices.
  • We offer equity, fixed income, and cash management services for taxable and tax-exempt investors.
  • The structure of each portfolio is determined according to the specific objectives and risk tolerance of the client.
  • Client’s separately managed account assets are maintained at a qualified, third-party custodian (meaning independent financial institutions that are either federally regulated banks or broker-dealers registered with and regulated by the SEC).

Beck Mack + Oliver Partners Fund (BMPEX)

The BM+O Partners Fund is a mutual fund whose principal objective is long-term capital appreciation consistent with the preservation of capital. The Partners Fund invests primarily in common stocks and seeks to maintain a reasonably concentrated investment portfolio. We engage in intensive fundamental research in order to identify high-quality businesses and exercise valuation discipline in the construction of the portfolio.

The Partners Fund was originally established in April 1991 as a commingled fund and converted into a mutual fund in December 2009. The Partners Fund is a series of the Forum Funds Trust, an open-end management investment company registered under the Investment Company Act of 1940. Beck Mack + Oliver is the investment adviser to the Partners Fund.

Robert C. Beck

Robert Beck has been the Senior Member of Beck Mack + Oliver since 1998 and has over 39 years of investment management experience. He joined the firm in 1986 and became a Member in 1988. Prior to his association with BM+O, Bob worked at Standish, Ayer & Wood from 1982 to 1985 and at IBM from 1977 to 1980. Bob received a B.A. degree from Wesleyan University in 1977 and an M.B.A. from the Tuck School of Business at Dartmouth College in 1982.

Richard Fitzgerald

Richard Fitzgerald has been a Portfolio Manager of Beck Mack + Oliver since 2016 and became a Member in 2018. Rich has over 16 years of investment management experience. Prior to his association with BM+O, Rich worked at Twin Capital Management from 2012 to 2015, Jefferies Investment Advisers from 2011 to 2012, and Castle Point Capital Management from 2008 to 2010. In addition, he has private equity and investment banking experience. Rich received a B.A. degree from the University of Chicago in 2004.

BM&O Partners Fund - 2021 Semi-Annual Report

Current Reports

09/30/2022 2022 Semi-Annual Report
03/31/2022 2022 Annual Report

Archived Reports

09/30/2021 2021 Semi-Annual Report
03/31/2021 2021 Annual Report
09/30/2020 2020 Semi-Annual Report
03/31/2020 2020 Annual Report
09/30/2019 2019 Semi-Annual Report
03/31/2019 2019 Annual Report
09/30/2018 2018 Semi-Annual Report
03/31/2018 2018 Annual Report
09/30/2017 2017 Semi-Annual Report
03/31/2017 2017 Annual Report
09/30/2016 2016 Semi-Annual Report
03/31/2016 2016 Annual Report
09/30/2015 2015 Semi-Annual Report
03/31/2015 2015 Annual Report
09/30/2014 2014 Semi-Annual Report
03/31/2014 2014 Annual Report
09/30/2013 2013 Semi-Annual Report
03/31/2013 2013 Annual Report
09/30/2012 2012 Semi-Annual Report
03/31/2012 2012 Annual Report
09/30/2011 2011 Semi-Annual Report
03/31/2011 2011 Annual Report
09/30/2010 2010 Semi-Annual Report
03/31/2010 2010 Annual Report

Security Description Industry % of Net Assets
The Blackstone Group Inc. Financials 6.50%
Apollo Global Management Inc. Financials 6.45%
Microsoft Corp. Information Technology 6.06%
Enstar Group, Ltd. Financials 5.57%
Alphabet, Inc. Communication Services 5.41%
Ashtead Group, PLC Industrials 5.30%
Credit Acceptance Corp. Financials 5.24%
Fiserv, Inc. Financials 5.20%
Arthur J Gallagher & Co. Financials 4.98%
Mastercard, Inc. Financials 4.91%
Total 55.62%

There is no assurance that the Partners Fund1 will achieve its investment objective. The risks associated with the Partners Fund include: equity and convertible securities risk, foreign securities risk, management risk, debt securities risk, non-investment grade securities risk, liquidity risk and non-diversification risk. The Partners Fund may invest in small and mid-sized capitalization companies, which carry greater risk than is customarily associated with larger companies.

For more complete information about the Partners Fund, including risks, fees and expenses, download a prospectus from this site or call (800) 943-6786. Read the prospectus carefully before investing. This website is not a solicitation for the Partners Fund outside of the United States. Foreside Fund Services, LLC, distributor.