Strategies & Capabilities
Fundamental Value Equity High Conviction You Can Count On
We deliver the distinct exposures that investors expect from an unconstrained fundamental value manager. Across all phases of the market cycle, our process and portfolios reflect a consistency and conviction that is increasingly hard to find.
Our Latest Thinking
To learn more about our thoughts on the trends creating opportunities for value investing, explore our quarterly Taking Stock newsletter.
Previous Versions
Our Approach
Value
We look for disconnects between the market rating of capital and the productivity of that capital.
Long Term
We believe that there is no correlation between price paid and investment outcome over short periods. Value requires time, patience and resolve.
Fundamental
Low multiples do not always correspond to good value. In-depth analysis is required.
Consistent
To allocate capital globally on the basis of discount to intrinsic value, valuations must be comparable.
Concentrated
We focus on our best ideas, not risk versus a benchmark. All of our strategies have high active share.
Disciplined
We insist on a discount to intrinsic value. That is our “margin of safety.”
Our Dublin based team of portfolio managers and research analysts bring deep experience and specialist knowledge to each step of our investment process.
The Fundamental Value Equity Team consists of nineteen investors, each specializing in global sectors and industries. On average the team has over 22 years of industry experience and over 12 years tenure at the firm.
Our Strategies
We invite you to learn more about our unconstrained, concentrated portfolios of equities that we believe to be undervalued relative to their long-term earnings power.
Investment Strategies
Global Value Spotlight Strategy
Europe Value Spotlight Strategy
Eurozone Value Spotlight Strategy
International Value Spotlight Strategy
Asia Pacific Spotlight Strategy
US Value Spotlight Strategy
Global Ethical Value Strategy
