Global and International Equities

International Equities

Our international (ex U.S.) equities strategies aim to deliver long-term capital growth. We seek to build high conviction, high active share portfolios that draw on the strongest ideas from our research platform.

AUM

$ 679.11 million as of December 31, 2022

Inception Date

2012

Vehicle Types

Separate Account
3(c)(7)

Investment Philosophy

Our investment philosophy reflects our understanding that equity markets are inefficient and risky, and we believe that over the long term, stock selection can add value

  • Our Growth at a Reasonable Price (GARP) approach seeks to identify companies that we believe are mispriced on a longer-term basis
  • We seek to achieve attractive risk-adjusted returns through a disciplined, bottom-up investment process and risk-aware portfolio construction
  • We utilize proprietary models to incorporate ESG analysis and macro considerations and value companies on a long-term basis

Our Value Add

  • Our diversified global team of 50+ investment professionals produces proprietary company research that drives our stock selection
  • We focus on a five-year research horizon, as we believe market inefficiency is more pronounced over this period
  • Our Cost of Equity (COE) captures and quantifies systematic and idiosyncratic risk and incorporates these into our valuation and setting of price targets
  • ESG analysis is fully embedded into our investment process, which means it influences both our qualitative assessment and final COE of a company
  • Proprietary portfolio construction tools support our stock selection and risk management, enabling us to potentially deliver high risk-adjusted returns

AUM

$ 12.97 million as of December 31, 2022

Inception Date

1980

Vehicle Types

Separate Account
3(c)(7)

Investment Philosophy

Our investment philosophy reflects our understanding that equity markets are inefficient and risky, and we believe that over the long term, stock selection can add value

  • Our Growth at a Reasonable Price (GARP) approach seeks to identify companies that we believe are mispriced on a longer-term basis
  • We seek to achieve attractive risk-adjusted returns through a disciplined, bottom-up investment process and risk-aware portfolio construction
  • We utilize proprietary models to incorporate ESG analysis and macro considerations and value companies on a long-term basis

Our Value Add

  • Our diversified global team of 50+ investment professionals produces proprietary company research that drives our stock selection
  • We focus on a five-year research horizon, as we believe market inefficiency is more pronounced over this period
  • Our Cost of Equity (COE) captures and quantifies systematic and idiosyncratic risk and incorporates these into our valuation and setting of price targets
  • ESG analysis is fully embedded into our investment process, which means it influences both our qualitative assessment and final COE of a company
  • Proprietary portfolio construction tools support our stock selection and risk management, enabling us to potentially deliver high risk-adjusted returns

AUM

$ 487.96 million as of December 31, 2022

Inception Date

2000

Vehicle Types

Separate Account
3(c)(7)

Investment Philosophy

Our investment philosophy reflects our understanding that equity markets are inefficient and risky, and we believe that over the long term, stock selection can add value

  • Our Growth at a Reasonable Price (GARP) approach seeks to identify companies that we believe are mispriced on a longer-term basis
  • We seek to achieve attractive risk-adjusted returns through a disciplined, bottom-up investment process and risk-aware portfolio construction
  • We utilize proprietary models to incorporate ESG analysis and macro considerations and value companies on a long-term basis

Our Value Add

  • Our diversified global team of 50+ investment professionals produces proprietary company research that drives our stock selection
  • We focus on a five-year research horizon, as we believe market inefficiency is more pronounced over this period
  • Our Cost of Equity (COE) captures and quantifies systematic and idiosyncratic risk and incorporates these into our valuation and setting of price targets
  • ESG analysis is fully embedded into our investment process, which means it influences both our qualitative assessment and final COE of a company
  • Proprietary portfolio construction tools support our stock selection and risk management, enabling us to potentially deliver high risk-adjusted returns

AUM

$ 111.70 million as of December 31, 2022

Inception Date

1983

Vehicle Types

UCITS
Separate Account

Investment Philosophy

Our investment philosophy reflects our understanding that equity markets are inefficient and risky, and we believe that over the long term, stock selection can add value

  • Our Growth at a Reasonable Price (GARP) approach seeks to identify companies that we believe are mispriced on a longer-term basis
  • We seek to achieve attractive risk-adjusted returns through a disciplined, bottom-up investment process and risk-aware portfolio construction
  • We utilize proprietary models to incorporate ESG analysis and macro considerations and value companies on a long-term basis

Our Value Add

  • Our diversified global team of 50+ investment professionals produces proprietary company research that drives our stock selection
  • We focus on a five-year research horizon, as we believe market inefficiency is more pronounced over this period
  • Our Cost of Equity (COE) captures and quantifies systematic and idiosyncratic risk and incorporates these into our valuation and setting of price targets
  • ESG analysis is fully embedded into our investment process, which means it influences both our qualitative assessment and final COE of a company
  • Proprietary portfolio construction tools support our stock selection and risk management, enabling us to potentially deliver high risk-adjusted returns

AUM

$ 382.82 million as of December 31, 2022

Inception Date

1990

Vehicle Types

UCITS
Separate Account

Investment Philosophy

Our investment philosophy reflects our understanding that equity markets are inefficient and risky, and we believe that over the long term, stock selection can add value

  • Our Growth at a Reasonable Price (GARP) approach seeks to identify companies that we believe are mispriced on a longer-term basis
  • We seek to achieve attractive risk-adjusted returns through a disciplined, bottom-up investment process and risk-aware portfolio construction
  • We utilize proprietary models to incorporate ESG analysis and macro considerations and value companies on a long-term basis

Our Value Add

  • Our diversified global team of 50+ investment professionals produces proprietary company research that drives our stock selection
  • We focus on a five-year research horizon, as we believe market inefficiency is more pronounced over this period
  • Our Cost of Equity (COE) captures and quantifies systematic and idiosyncratic risk and incorporates these into our valuation and setting of price targets
  • ESG analysis is fully embedded into our investment process, which means it influences both our qualitative assessment and final COE of a company
  • Proprietary portfolio construction tools support our stock selection and risk management, enabling us to potentially deliver high risk-adjusted returns

AUM

$ 14.00 million as of December 31, 2021

Inception Date

1985

Vehicle Types

Separate Account

Investment Philosophy

Our investment philosophy reflects our understanding that equity markets are inefficient and risky, and we believe that over the long term, stock selection can add value

  • Our Growth at a Reasonable Price (GARP) approach seeks to identify companies that we believe are mispriced on a longer-term basis
  • We seek to achieve attractive risk-adjusted returns through a disciplined, bottom-up investment process and risk-aware portfolio construction
  • We utilize proprietary models to incorporate ESG analysis and macro considerations and value companies on a long-term basis

Our Value Add

  • Our diversified global team of 50+ investment professionals produces proprietary company research that drives our stock selection
  • We focus on a five-year research horizon, as we believe market inefficiency is more pronounced over this period
  • Our Cost of Equity (COE) captures and quantifies systematic and idiosyncratic risk and incorporates these into our valuation and setting of price targets
  • ESG analysis is fully embedded into our investment process, which means it influences both our qualitative assessment and final COE of a company
  • Proprietary portfolio construction tools support our stock selection and risk management, enabling us to potentially deliver high risk-adjusted returns

AUM

$ 846.56 million as of December 31, 2022

Inception Date

2011

Vehicle Types

Separate Account
3(c)(7)

Investment Philosophy

Our investment philosophy reflects our understanding that equity markets are inefficient and risky, and we believe that over the long term, stock selection can add value

  • Our Growth at a Reasonable Price (GARP) approach seeks to identify companies that we believe are mispriced on a longer-term basis
  • We seek to achieve attractive risk-adjusted returns through a disciplined, bottom-up investment process and risk-aware portfolio construction
  • We utilize proprietary models to incorporate ESG analysis and macro considerations and value companies on a long-term basis

Our Value Add

  • Our diversified global team of 50+ investment professionals produces proprietary company research that drives our stock selection
  • We focus on a five-year research horizon, as we believe market inefficiency is more pronounced over this period
  • Our Cost of Equity (COE) captures and quantifies systematic and idiosyncratic risk and incorporates these into our valuation and setting of price targets
  • ESG analysis is fully embedded into our investment process, which means it influences both our qualitative assessment and final COE of a company
  • Proprietary portfolio construction tools support our stock selection and risk management, enabling us to potentially deliver high risk-adjusted returns

Portfolio Managers

David Bertocchi, CFA
Head of Global Equities

Portfolio Managers

David Bertocchi, CFA
Head of Global Equities

Portfolio Managers

David Bertocchi, CFA
Head of Global Equities

Portfolio Managers

Paul Morgan, CFA
Director
Matthew Ward
Head of Global Technology Equities

Portfolio Managers

Paul Morgan, CFA
Director

Portfolio Managers

Portfolio Managers

David Bertocchi, CFA
Head of Global Equities
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