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SMA Inception Date: 11/30/2004
Objective: Long-term capital appreciation

Why Choose This SMA?

  • As a high active share, concentrated international equity allocation, primarily in the large capitalization universe.
  • To add diversification to US equity holdings.
  • As a complement to more value-oriented international strategies.

Investment Strategy

  • WCM uses a bottom-up approach that seeks to identify companies with attractive fundamentals, such as low or no debt, rising returns on invested capital, and reasonably predictable free cash flow generation. The team focuses on assessing the trajectory of a company’s competitive advantage (“economic moat”) and the alignment of its corporate culture with this economic moat.
  • The team’s focus is on industry-leading, non-US companies led by visionary management teams with sound business strategies. These companies often dominate their industry, and the team believes they will continue that domination well into the future.
  • When selecting equity investments, the minimum time horizon is 3-5 years.
  • Above-average returns can only be achieved by structuring portfolios distinct from market indices. As a result, the strategy typically holds 30-40 companies, concentrated around the managers’ best ideas.

Portfolio Managers

Kurt Winrich, CFA®

Co-Chief Executive Officer, Portfolio Manager

Mike Trigg

Portfolio Manager and Business Analyst

Paul Black

Portfolio Manager and Co-Chief Executive Officer

Pete Hunkel

Portfolio Manager and Business Analyst

Sanjay Ayer, CFA®

Portfolio Manager and Business Analyst

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