Strategies & Capabilities

Fundamental Growth and Core Equity

Pursuing Quality, Sustainable Growth and Reasonable Valuation

We are laser-focused on finding quality companies that can deliver growth that is stronger and more enduring than the market’s expectations.

These companies are rare, so when we find them we pursue them with confidence and conviction—but we never abandon our valuation discipline. 

Our Investment Platform

Our team and investment philosophy are united by a common belief—that quality companies with sustainable growth at attractive valuations can drive above-average, long-term investment returns.


Our Expertise

Information as of December 31, 2020


Why Us?


Our investors seek the long-term risk and return characteristics that only a specialist, high conviction fundamental manager can provide.

Investing Like Owners, Not Traders


Seasoned Team With A Singular Focus


Robust Investment Process


High-Conviction Portfolios


Boutique With Backing


The Three Pillars of Our Philosophy


We invest confidently at the intersection of sustainable growth, quality and reasonable valuations.

1
Quality

Our analysis of quality is forward-looking, focusing on qualitative attributes that lead to sustainable growth. The Confidence Quotient (CQ) is our proprietary analytical framework that quantifies how we think about quality.


2
Sustainable Growth

We believe that the power of long-term, compounding growth is underappreciated by the market and offers unrecognized investment opportunity. Our extended investment horizon is a crucial part of how we generate alpha.


3
Reasonable Valuation

We don’t chase growth at any price. We insist on a valuation that is justified by the firm’s growth potential. Our valuation discipline creates a growth margin of safety.


Quantifying Our Confidence


CQ provides structure to how our team evaluates quality, bringing rigor, measurability and consistency to the process of assessing five elements of quality that we score and track over time. Each element of CQ is backed by a detailed scorecard that provides a framework for determining our confidence in the company’s quality.


Research Process


Our disciplined, repeatable process focuses our attention on the most compelling opportunities.

Idea Generation

Drawing on the domain expertise of our analysts and input from portfolio managers, we identify companies for further analysis. Our quantitative scoring tool reflects our investment philosophy and augments our analysts’ judgment.

Fundamental Due Diligence

We seek to develop deep conviction in a select group of companies. In addition to our proprietary financial modeling, we use the Confidence Quotient to bring rigor to our assessment of quality.

Research Portfolio

We invest in our highest-conviction ideas through live research portfolios. These serve as powerful communication tools and capture the track records of each analyst, creating accountability that enhances the alignment of our interests with our clients' long-term objectives.

Portfolio Integration

From the research portfolios, our portfolio managers generate ideas for integration into the final portfolios. Our proprietary dashboards provide advanced analytics from our research team that guide the portfolio integration.


Our Team


Hiring a fundamental active manager involves a belief in the people as much as the process. Our impressive performance reflects the caliber and stability of our team—and our shared commitment to our fundamental, high-conviction investment philosophy.

Fundamental Growth and Core Leadership Team


Michael Solecki, CFA

Chief Investment Officer

Paul Nestro, CFA

Director of Research

George Bicher

CIO, Emerging Markets


Our Latest Thinking


Newsletter – April 2021

As the post-COVID landscape begins to materialize, the Fundamental Growth and Core Equity team highlights how their focus on companies with quality sustainable growth is applied to traditionally cyclical industries such as materials, energy, and financials. The team also examines how digital innovation, and the firms that enable it, plays an important role in helping companies meet their ESG goals.


Contact Us


Tom Kronzer, CFA

Portfolio Strategist

We are passionate about investing in sustainable growth through active management.

Email Tom for more Information