International Value

Strategy & Objective

Strategy Description
The goal of the International Value strategy is to exploit market mispricings by applying a consistent investment process centered on a balanced assessment of return and risk. We seek to invest in non-US companies across the market cap spectrum with sustainable cash flows, strong balance sheets, and whose stocks are undervalued relative to their tangible assets and long-term normal earnings power. Portfolio construction is based on rigorous, independent research and bottom-up security selection. 
 

What to Expect

  • Exposure to undervalued, non-US equities
  • Price-to-normal earnings lower than the benchmark
  • Active management unconstrained by the benchmark
  • Thoroughly researched ideas vetted by an experienced team of 21 investment analysts

Read more about the international value strategy

STRATEGY INFORMATION

As of 3/31/2017

Asset Class International Equity
Benchmark Russell Developed
ex-US
Strategy Assets (millions) $2
Number of Stocks 40 – 80
Typical Market Cap Range >$1 billion
Emerging Markets Exposure <20%
Currency Hedging Generally unhedged
(but allowed)
Status Open to new investors




Investment Team
We employ a team approach to investing. As such, our clients benefit from the input and contribution of every member of our 21-person investment team. In addition to our Portfolio Coordinators, our sector teams play an important role in determining the positioning of your investment strategy.