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 MoreOur 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 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 MoreThe Large Cap Value strategy trailed the benchmark for the quarter, returning 2.53% gross of fees (2.42% net of fees), while the Russell 1000 Value index gained 4.07%. The strategy’s relative performance was driven by both negative stock selection and sector positioning.
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