Equities
U.S. Equities – Fundamental
Actively invests in small and small/mid‑sized companies that possess attractive valuations and demonstrate identifiable catalysts that are expected to generate accelerating earnings and cash flow growth.
AUM 1
$22.2B
U.S. Equities – Fundamental
We invest in undervalued small and small/mid‑sized companies, using disciplined research and risk management aiming to deliver consistent, long‑term outperformance.
We seek to generate attractive risk-adjusted returns and consistently outperform the benchmark over a full market cycle by participating fully in up markets and protecting capital in down markets.
Investment philosophy
We believe the key to generating consistent investment returns is the selection of investment opportunities that possess attractive valuations and demonstrate identifiable catalysts that are expected to generate accelerating earnings and cash flow growth.
Investment process
- Identify opportunities: Build a focused universe using valuation screens and catalyst-driven ideas.
- Conduct research: Evaluate company fundamentals, management and industry dynamics.
- Incorporate macro insights: Align investments with economic, policy and sector trends.
- Construct portfolios: Build diversified portfolios of high-conviction ideas with balanced risk exposure.
- Manage risk: Continuously monitor exposures and adjust proactively as conditions change.
- Apply sell discipline: Exit or reduce positions based on valuation, fundamentals or risk considerations.
Related Strategies
| Strategies | Attributes | Inception date |
|---|---|---|
| Small Cap Value | Focuses on small cap companies with relative valuation discounts and visible catalysts. | 1 Oct 2003 |
| Small-Mid Cap Value | Focuses on small-mid cap companies with relative valuation discounts and visible catalysts. | 1 May 2010 |
| Small Cap Core | Focuses on small cap companies with relative valuation discounts and growth catalysts. | 1 April 2019 |