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SMA Inception Date: 6/30/2011
Objective: Long-term capital appreciation

Why Choose This SMA?

  • As a high active share, concentrated international value equity allocation.
  • As a complement to more growth-oriented international strategies.

Investment Strategy

  • A combination of relative value analysis and fundamental review leads to a holistically balanced portfolio, diversified across traditional value and transitional value.
  • Primary goal is to generate long-term, sustainable excess returns for clients through a culture of innovation, close alignment of employee incentives, and a flat power structure that fosters meritocracy and debate.
  • 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 40-50 companies, concentrated around the managers’ best ideas.

Portfolio Managers

Andrew Wiechert

Portfolio Manager and Business Analyst

Drew French

Portfolio Manager and Business Analyst

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