Focused International Value Strategy

Why Choose This Strategy?

• 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.