We have purposefully built a firm with the structure, size, and approach that is equipped to fully serve long-term investors.

• Boutique asset-management firm specializing in long-only value investing
• Active, team-based investment approach driven by fundamental research and bottom-up security selection
• $16.2 billion in assets under management as of December, 2011
• Founded in 1980, based in Los Angeles, California
• Privately held, with the majority of employees owning an equity stake in the firm
• 55 total employees, which includes a 20-person research team
• Clients include public plans, corporations, foundations, endowments, unions, sovereign wealth funds, sub-advisory relationships, financial intermediaries, and individuals
• We offer strategies in separate accounts and mutual funds