Strategies & Capabilities

ファンダメンタル・バリュー 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 Approach


We have a clearly defined interpretation of value that underpins all aspects of our investment 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 Team


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 four portfolio managers and seventeen research analysts, each specializing in global sectors and industries. On average the team has 20 years of industry experience and 9 years tenure at the firm.
 


s_glavin_barry.jpg

Barry Glavin,
Chief Investment Officer

Barry is the Chief Investment Officer of SSGA’s Dublin-based Fundamental Value Equity Team, having joined the business in 2006. He is also the Portfolio Manager responsible for the International Value Spotlight Strategy.


Brian Routledge,
Head of Portfolio Management

Brian Routledge joined the Fundamental Value Equity Team in January 2007. Brian manages both the Global Spotlight Strategy and USA Spotlight Strategy and is Head of Portfolio Management.


s_mcclure_oliver.jpg

Oliver McClure,
Head of Research

Oliver McClure joined the Fundamental Value Equity Team in January 2012 as a Research Analyst specializing in the global financials sector. He was appointed Head of Research in December 2018.


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 Value Strategy

Global Ethical Value Strategy


Learn More