Overview

Assets

$607.2 million

As of December 31, 2020

Inception Date

April 1, 2005

Holdings

20-25

Turnover

Typically 25-40%

Latest Commentary

Fact Sheet

Body

Philosophy

The Core Equity Strategy (“the Strategy”) seeks quality growth companies trading at attractive valuation levels. The Strategy invests in companies of all sizes with a special focus on companies that we believe to have sustainable, long-term competitive advantages.

Process

Utilizing a bottom-up, fundamental approach, we search for quality growth companies trading at attractive valuation levels. We believe the Strategy’s process is distinguished by three key attributes:

High Quality

  • Strong and sustainable business models
  • Competitive advantages, barriers to entry and unique differentiation
  • Strong returns on invested capital and high levels of free cash generation

Growth

  • Emphasis on secular growth opportunities vs. cyclical
  • Focus on organic growth
  • Management teams with history of prudent capital allocation and an ability to adapt

Concentrated Portfolio

  • Reflects our deep conviction in holdings
  • Controls risk through diversification and appropriate position sizing
  • Enables us to conduct rigorous, fundamental research on every holding

Team

Commentary