At Palo Alto Investors, we operate with one guiding principle in mind: Clients Come First. To support our objective, PAI has adopted the CFA Institute's Code of Ethics and Standards of Professional Conduct.

Palo Alto Investors General Principles Of Conduct

1. Act in a professional and ethical manner at all times.
2. Act for the benefit of clients.
3. Act with independence and objectivity.
4. Act with skill, competence, and diligence.
5. Communicate with clients in a timely and accurate manner.
6. Uphold the applicable rules governing capital markets.

For more details on the CFA Institute Code of Ethics and Standards of Professional Conduct adopted by Palo Alto Investors, please click here.