Our Concentrated Large Cap Value strategy provides concentrated exposure to the large capitalization segment of the value equity market through a fundamental, contrarian, bottom-up investment process.
Aims to provide long-term capital appreciation through a portfolio of large cap value equity securities.
CIO and Portfolio Manager Jack Murphy has been a contrarian value investor for over 30 years and is supported by a four-person investment team.
A concentrated, conviction-weighted portfolio consisting of 30 to 40 of our best large-cap value investment ideas.
Invest in companies at attractive valuations where the team identifies events or “catalysts” that can shift market sentiment.
Contrarian, fundamental investment process utilizes predictive research to identify catalysts that will drive future valuation.
ESG is integrated into our investment and risk management processes, often including a high level of proactive engagement with companies and industry organizations.
The Large Cap Value strategy outpaced the benchmark by 216 basis points during the quarter, rallying 14.58% gross of fees (14.46% net of fees), while the Russell 1000 Value index gained 12.42%. For the year, the strategy outperformed the benchmark by 441 basis points, returning -3.12% gross of fees (-3.54% net of fees), while the Russell 1000 Value index declined -7.54%.
Learn MoreThe Large Cap Value strategy trailed the benchmark by 14 basis points during the quarter, returning 0.87% gross of fees (0.76% net of fees), while the Russell 1000 Value index gained 1.01%. The strategy has now outperformed the benchmark by 374 basis points over the prior one-year period, returning -2.17% gross of fees (-2.60% net of fees), while the Russell 1000 Value declined -5.91%.
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