Ed Hyman and Al Medaugh are former C.J. Lawrence colleagues, and founded International Strategy & Investment (ISI) in 1991. ISI combines the talents of some of Wall Street’s most respected market strategists within an environment centered on offering good economic and investing advice. ISI consists of two parts – International Strategy & Investment Group LLC (ISI Group LLC), a broker-dealer, and International Strategy & Investment Inc. (ISI Inc.), a registered investment advisor.

ISI Group LLC is a registered broker-dealer specializing in the following research areas:

Macro Research: Economics, Company Surveys, China, Energy Commodities, Fixed-Income Strategy, Global Demographics, Global Policy & Central Bank Strategy, Accounting & Tax, Japan, Portfolio Strategy, Quantitative & Small Cap, Tech Strategy and Technical Analysis
Fundamental Research: Machinery, REITS research, IT Hardware/Data Networking & Wireline Equipment, Biotechnology & Pharmaceuticals, Healthcare Services & Technology, Cable & Satellite, Entertainment, Integrated Oil, Oil Services & Equipment, Power + Utilities, Gaming & Lodging, Retail Hardlines, Luxury/Apparel & Footwear, Homebuilding, Global Beverages, Oil & Gas Exploration & Production, Global Automotive, Brokers/Universal Banks/Asset Managers/ & Trust Banks and Regional Banks.
The firm's research reports are sent to institutional equity and bond clients around the world, with each account covered by ISI salespeople and ISI traders.

ISI Inc., a registered investment advisor, is the money management arm of ISI. It manages U.S. equities, fixed-income and world bond portfolios. Its portfolio style is active management. ISI has a long-term record of using its extensive economic research to anticipate changes and investing portfolios to benefit from these changes. In addition to discretionary portfolios, ISI’s U.S. mutual fund family includes the following: Total Return U.S. Treasury Fund (TRUSX); Managed Municipal Fund (MUNIX and MMFIX); North American Government Bond Fund (NOAMX, NORCX and NORIX); and Strategy Fund (STRTX).