Q1 2023 Concentrated Large Cap Value Commentary
The 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%.
Learn MoreObjective
Aims to provide long-term capital appreciation through a portfolio of large cap value equity securities.
Why This Strategy?
People
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.
Portfolio
A concentrated, conviction-weighted portfolio consisting of 30 to 40 of our best large-cap value investment ideas.
Philosophy
Invest in companies at attractive valuations where the team identifies events or “catalysts” that can shift market sentiment.
Process
Contrarian, fundamental investment process utilizes predictive research to identify catalysts that will drive future valuation.
ESG
ESG is integrated into our investment and risk management processes, often including a high level of proactive engagement with companies and industry organizations.