Alpha Thesis of Loomis Growth Equity
Aziz Hamzaogullari, CIO of Growth Equity Strategies at Loomis, Sayles & Company, explains the deeply held beliefs behind his high-conviction, concentrated approach to risk-adjusted excess returns.
We are long-term patient investors. We strategically allocate capital to select high-quality businesses with sustainable growth, only when they trade at a significant discount to our estimate of intrinsic value.
~ Aziz Hamzaogullari, CFA®
Founder, Chief Investment Officer, Portfolio Manager
Loomis Sayles Growth Equity Team is an active manager with a long-term, private equity approach to investing. Through their proprietary bottom-up research framework, they look to invest in those few high-quality businesses with sustainable competitive advantages and profitable growth when they trade at a significant discount to intrinsic value.
Approach & ProcessLoomis Sayles Growth Equity Team’s seven-step research framework is the cornerstone of its investment decision-making process and drives security selection. The research framework represents long-standing insights about investing and is structured around three key criteria: Quality, Growth, and Valuation. Through the disciplined and thorough implementation of bottom-up fundamental analysis, the team seeks to understand the drivers, opportunities and limits of each business. Many Environmental, Social, and Governance (ESG) considerations are embedded in this process, as well.
Seven-Step Research Framework
Sustainable Competitive Advantage: Quality
Competitive Analysis: Quality
Financial Analysis: Quality
Growth Drivers: Growth
Intrinsic Value Range: Valuation
Expectations Analysis: Valuation
The provision of this material and/or reference to specific securities, sectors, or markets within this material does not constitute investment advice, or a recommendation or an offer to buy or to sell any security, or an offer of any regulated financial activity. Investors should consider the investment objectives, risks and expenses of any investment carefully before investing. The analyses, opinions, and the investment themes and processes referenced herein represent the views of the portfolio manager(s) as of July 2020 and are subject to change. There can be no assurance that developments will transpire as may be forecasted in this material. Past performance information presented is not indicative of future performance.
This material should not be considered a solicitation to buy or an offer to sell any product or service to any person in any jurisdiction where such activity would be unlawful.