Equity

Select Equity Team

The Select Equity team seeks to compound strong long-term returns using its private market value (PMV) process. PMV is the price an investor would be willing to pay for an entire company. The team’s process helps it identify and exploit significant gaps between its PMV of a company and its public market price.

Investment approach

The team’s process seeks to exploit market emotion and capture long-term opportunities by purchasing companies at a discount to their PMV.

A proprietary framework helps uncover high-conviction investments.

The team conducts an in-depth PMV analysis of business models and key trends to help exploit market emotion and generate alpha.

Extensive bottom-up research is a key component in analyzing a company’s PMV.

The team triangulates both quantitative and qualitative metrics in enumerating a PMV, which include competitive positioning, key trends, management quality, and a multitude of valuation types.

Disciplined portfolio construction results in strong risk management.

Risk management is pursued through efficient portfolio construction, adherence to the team’s disciplines, and measurable PMV entry and exit ranges.

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Bottom-up research intensity

Through bottom-up research and a style-agnostic approach, the team seeks to invest in the highest-quality risk/reward opportunities in the equity market.

Core approach provides more balanced returns

The team’s core approach seeks to eliminate the need to choose between growth and value and provide more balanced returns relative to style extremes.

Experienced investment team

The team has consistently applied its philosophy and process for over 30 years through multiple market cycles.

We look forward to helping you with your investment needs

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