Menu
Michael Mauboussin is Head of Consilient Research for Counterpoint Global. He joined Morgan Stanley in 2020 and has 37 years of investment experience.
Prior to joining the firm, he was director of research at BlueMountain Capital Management, head of global financial strategies at Credit Suisse, and chief investment strategist at Legg Mason Capital Management. Additionally, Michael is an adjunct professor of finance at Columbia Business School and chairman emeritus of the board of trustees at the Santa Fe Institute. Michael earned an A.B. in government from Georgetown University.
Ms. Ketterer is the chief executive officer at Causeway, fundamental portfolio manager, and is responsible for investment research across all sectors. Ms. Ketterer co-founded the firm in June 2001 and is a member of the operating committee.
From 1996 to 2001, Ms. Ketterer worked for the Hotchkis & Wiley division of Merrill Lynch Investment Managers (HW-MLIM). At HW-MLIM, she was a managing director and co-head of the firm’s HW-MLIM International and Global Value team. From 1990 to 1996, Ms. Ketterer was a portfolio manager at Hotchkis & Wiley, where she founded the International Equity product.
Ms. Ketterer earned a BA in economics and political science from Stanford University and an MBA from the Tuck School, Dartmouth College. Ms. Ketterer serves on the Stanford University Board of Trustees, is a member of UT Southwestern President’s Advisory Board, is on the advisory board of Portal Schools, and is a supporter of Girls Who Invest. She previously served as a board member and chair of the Los Angeles World Affairs Council and Town Hall and chair of the investment committee of the Music Center Foundation.
Matthew McLennan is co-head of the Global Value team and a portfolio manager of the Global Value, Global Equity, International Value, International Equity and US Value strategies.
Prior to joining First Eagle in September 2008, Matt worked for Goldman Sachs Asset Management in London, where he served as co-portfolio manager of Global Equity Partners, a group he co-founded in 2003 that ran a focused global equity portfolio for offshore private wealth clients. Earlier in his career, Matt was equity chief investment officer of the investment strategy group for Goldman Sachs’ private client business. He joined Goldman Sachs in Sydney in 1994. Matt started his career in 1991 in Brisbane, Australia, with the Queensland Investment Corporation and was ultimately responsible for the firm’s international equity exposure. He was born in Rabaul, Papua New Guinea, and grew up in Queensland, Australia. He received his bachelor of commerce with first-class honors and master of international commercial law from the University of Queensland, and he holds the Chartered Financial Analyst designation. Matt is interested in the field of education, and he is a trustee (and former president of the Board of Trustees) of the Trinity School in New York City. He serves on the Board of Dean’s Advisors of the Harvard T.H. Chan School of Public Health and as a board member of the University of Queensland in the United States of America. He also serves on the Advisory Council of the Institute on the Formation of Knowledge at the University of Chicago and is a board member of the Library of America.
Mr. Inker is co-head of GMO’s Asset Allocation team, a member of the GMO Board of Directors and a partner of the firm. He joined GMO in 1992 following the completion of his bachelor’s degree in Economics from Yale University.
In his years at GMO, Mr. Inker has served as an analyst for the Quantitative Equity and Asset Allocation teams, as a portfolio manager of several equity and asset allocation portfolios, as co-head of International Quantitative Equities, and as CIO of Quantitative Developed Equities. He is a CFA charterholder.
Dave is the Chief Investment Officer, Lead Portfolio
Manager, Managing Member of Kopernik Global Investors,
which he founded in July 2013. From July 2012 through
March 2013, Dave managed the $2.7 billion Global Value
Long/Short Equity portfolio at Vinik Asset Management.
Prior to this, Dave was co-founder, CIO, co-President
and Lead Portfolio Manager of Tradewinds Global
Investors, a $38 billion (at February 2012) firm.
Dave directed Tradewinds’ investment activities, including portfolio management, research, and trading, and has been recognized by nationally known publications such as Bloomberg, Lipper, etc. Dave was previously CEO, Lead Portfolio Manager and Founding Member of Palladian Capital Management, and Senior Portfolio Manager at Cramblit & Carney. He began his career with Farmers Group in 1982, where at the time of his departure in 1996, he was acting as the CIO responsible for $16 billion of investable assets. Dave earned a B.A. from the University of California, Davis, his M.B.A. from the University of Southern California, and holds the CFA designation.
Alex Roepers is the Chief Investment Officer of Atlantic Investment Management, a global equity value-investing firm he founded in 1988. Mr. Roepers applies a differentiated constructive shareholder activist (CSA) investment approach to unlock incremental value in high-quality, undervalued companies in the consumer, industrials, and businesses services sectors.
Atlantic’s highly experienced investment team has successfully influenced change at many leading companies over the past 30+ years in the U.S., Europe, and Japan. Mr. Roepers began his investing career in the operations and corporate development departments at multi-billion-dollar conglomerates Thyssen-Bornemisza Group (1984-88) and Dover Corporation (1980-82). Mr. Roepers has an MBA from Harvard Business School (1984) and a Bachelor of Business Administration from Nijenrode University, which is the Netherlands School of Business (1980).
Gary Channon co-founded Phoenix Asset Management Partners in 1998 and has managed the Phoenix UK Fund since its launch in May the same year. Since inception, the Fund has returned gross performance of 727% (versus the benchmark’s total return of 142%), an annualised return of 12% (versus the benchmark annualising at 4.9%).
The investment philosophy at Phoenix is strongly inspired by Warren Buffett and Phil Fisher: long-term, value-based and focused. In terms of investment research, Phoenix considers its own primary fieldwork to be a major contributor to the effectiveness of the research effort. Typically, this includes assessing product quality via mystery shopping and undertaking competitor analysis in order to understand the purchasing decision of the marginal customer. Prior to Phoenix, Gary was co-Head of Equity and Equity Derivatives Trading at Nomura International, and before that he was at Goldman Sachs within Global Equity Derivative Products Training.
Paula heads the Focused Equity manager research team at Willis Towers Watson, leading the research efforts on concentrated, unconstrained active equity portfolios. Paula works with large institutional investors globally to construct and manage equity portfolios.
Paula is part of the Equity Investment Committee responsible for managing WTW’s delegated equity assets which includes the Towers Watson Investment Management’s Global Equity Focus Fund. Prior to joining Willis Towers Watson in 2022, Paula was head of US Manager Research at Buck Consultants where she worked for 12 years in their London and New York offices. Paula has a bachelors degree in mathematics from Durham University and a masters in finance from Imperial College London Business School.
David Iben is the Lead Portfolio Manager of the Kopernik Global All-Cap and Global Unconstrained strategies, and the Co-Portfolio Manager of the Kopernik International and Global Long-Term Opportunities strategies. He is the Chief Investment Officer, Managing Member, Founder, and Chairman of the Board of Governors of Kopernik Global Investors.
Prior to Kopernik, Dave managed the $2.7 billion Global Value Long/Short Equity portfolio at Vinik Asset Management, where he was a director and head of the Global Value team (July 2012 through March 2013). Prior to this, Dave was lead portfolio manager, co-founder, chief investment officer, and co-president of Tradewinds Global Investors, LLC, a $38 billion (at February 2012) investment firm. He continually sole-managed equity portfolios for Tradewinds (inclusive of its two predecessor firms) from October 1998 through February 2012. He was the portfolio manager for the firm’s Global All-Cap strategy, North American All-Cap strategy, and Global Long/Short strategy, directly managing more than $20 billion assets at the time of his departure.
He was a co-Founder and Lead Portfolio Manager of Palladian Capital Management. From 1996 through 1998 Dave was a senior portfolio manager at Cramblit & Carney. He began his career with Farmers Group, Inc. where over the course of 14 years, he worked his way up from securities analyst/trader to portfolio manager and eventually to director of research and lead portfolio manager for both equity and fixed income strategies. At the time of his departure in 1996, Dave was acting as Farmers’ chief investment officer responsible for $16 billion of investable assets.
Dave earned his bachelor’s degree from University of California, Davis, and his MBA from the University of Southern California Marshall School of Business. He holds the Chartered Financial Analyst® designation.
Rajiv is the Chairman and Chief Investment Officer of GQG Partners and also serves as the portfolio manager for all GQG Partners strategies. He commenced investment operations at GQG Partners in June 2016 with over 24 years of investment experience. Previously, Rajiv served as a Co-Chief Executive Officer (from July 2014) and Chief Investment Officer and Head of Equities (from February 2002) at Vontobel Asset Management.
He was the sole portfolio manager of the International Equities strategy (since 2002) and Emerging Markets Equities strategy (since 1997), and the lead portfolio manager for the Global Equities strategy (since 2002). Rajiv built the business from less than US$400 million under management to just under US$50 billion in 2016. He joined Vontobel Asset Management as a co-portfolio manager of Emerging Markets Equities and International Equities in November 1994. Prior to that, he was an International Equity Analyst at Swiss Bank Corporation. Rajiv earned an MBA in Finance and International Business from the University of Miami. He also has a master’s degree from the University of Ajmer and undergraduate degree in accounting with honors.
Joel Greenblatt serves as Managing Principal and Co-Chief Investment Officer of Gotham Asset Management, the successor to Gotham Capital, an investment firm he founded in 1985. Since 1996, he has been a professor on the adjunct faculty of Columbia Business School where he teaches “Value and Special Situation Investing.” Mr. Greenblatt is a director of Pzena Investment Management, Inc., a global investment management firm.
He formerly served on the Investment Boards of the University of Pennsylvania and the UJA Federation. Mr. Greenblatt is the author of You Can Be A Stock Market Genius (Simon & Schuster, 1997), The Little Book that Beats the Market (Wiley, 2005), The Little Book that Still Beats the Market (Wiley, 2010), and The Big Secret for the Small Investor (Random House, 2011). He is the Former Chairman of the Board (1994-1995) of Alliant Techsystems, a NYSE-listed aerospace and defense contractor. He holds a BS (1979), summa cum laude, and an MBA (1980) from the Wharton School of the University of Pennsylvania.
Richard L. Chilton, Jr. is the founder, Chairman, CEO & CIO of Chilton Investment Company. Since founding Chilton Investment Company with his Flagship Strategy in 1992, Mr. Chilton has built a team of investment professionals focused on long term capital growth seeking to capture upside during favorable markets and preserve capital in declining markets. The Chilton Flagship Strategy has generated impressive and consistent returns with moderate volatility since inception.
Prior to forming Chilton Investment Company, Mr. Chilton was a managing director at Allen & Company and a vice president and equity portfolio manager at Alliance Capital Management. Mr. Chilton began his career in the Mergers and Acquisitions group at Merrill Lynch and received his B.S. in Finance from Alfred University.
Thomas A. Russo joined Gardner Russo & Gardner LLC as a partner in 1989 and has, since 2014, served as Managing Member of Gardner Russo & Gardner LLC and General Partner to Semper Vic’s “global value,” long-only equity investment partnerships. Mr. Russo oversees more than $11 billion through the Semper Vic partnerships and separate accounts. Mr. Russo favors globally based consumer products companies which possess the “capacity to reinvest” into developing and emerging markets.
Mr. Russo frequently invests in family-controlled companies to reduce agency cost and to align shareholder interest for long-term, tax-deferred performance. Such control provides portfolio company managements the “capacity to suffer” Wall Street censure when investments intended to build long-term wealth burden near-term reported profits. Mr. Russo prefers companies which can endure “short-term pain for long-term gain.” Graduate of Stanford Business and Law Schools (MBA/JD, 1984) and Dartmouth College (BA, 1977). Charter member of the Advisory Board for the Heilbrunn Center for Graham & Dodd Investing at Columbia Business School. In May 2017, Mr. Russo was awarded Columbia University/Gabelli’s Graham & Dodd, Murray, Greenwald Prize for Value Investing. Mr. Russo serves as a board member of Storm King Art Center.
Jennifer Wallace is a founding partner of Summit Street Capital Management, LLC and serves as the firm’s Chief Investment Officer and Portfolio Manager. Jennifer has more than 23 years of investment experience. Prior to co-founding Summit Street, Jennifer worked with the Robert M. Bass investment groups where she was manager of Emerald Value Partners and co-manager of Alpine Capital.
Before joining the Bass organization, Jennifer was a consultant with McKinsey & Company and an investment banker. Jennifer earned a BA from Columbia College and an MBA from the Columbia University Graduate School of Business where she received Beta Gamma Sigma honors as well as other awards and prizes. In addition, Jennifer serves on the Advisory Board of The Heilbrunn Center for Graham & Dodd Investing at the Columbia Business School and the Stewardship Committee of the Episcopal Church of the Heavenly Rest in New York.
Robert is Chief Investment Officer of EquityCompass Investment Management, LLC and Senior Portfolio Manager of the Global Leaders Portfolio. He joined EquityCompass in April 2014 and launched the Global Leaders Portfolio in July 2014. Robert was appointed Chief Investment Officer in March 2019.
Robert has more than 30 years of investment experience. Prior to joining EquityCompass, he was Chief Investment Strategist at Legg Mason Investment Counsel, and before that, the Portfolio Manager of the Growth Equity Strategy at Legg Mason Capital Management for 14 years where he managed $7 billion in assets. Robert received “Honorable Mention” recognition in Morningstar’s Domestic-Stock Fund Manager of the Year in 2007 while with Legg Mason.*
Robert is the author of ten investment books including The New York Times Best Seller, The Warren Buffett Way, widely considered to be the definitive book on the investment approach and strategies of Warren Buffett. The book has sold over one million copies worldwide and is translated into 17 foreign languages. In addition, Robert wrote, Investing: The Last Liberal Art, a multidiscipline examination of investing and decision making. His latest book, published in 2021, is Warren Buffett: Inside the Ultimate Money Mind.
Robert earned his Bachelor’s and Master’s of Arts degrees from Villanova University. He is a Chartered Financial Analyst, a member of the CFA Institute, and the CFA Society of Philadelphia. Robert is also a member of the Global Interdependence Center.
David is a Client Portfolio Manager at Sustainable Growth Advisers and has been a Moderator of both the London and New York Conferences since they began in 2012 and 2018 respectively. Previously, he was the Portfolio Manager for the Global Equity Focus Fund at Willis Towers Watson and for Alliance Trust, a quoted Investment Trust listed on the London Stock Exchange.
Alongside his portfolio management responsibilities David provided regular research input to a number of clients. Prior to Willis Towers Watson David was Deputy CIO at Stamford Associates where he was responsible for devising and implementing investment strategies for a range of its largest investment clients. Prior to Stamford Associates, David established Greentrees Partners LLP as a joint venture with Collins Stewart before which he gained broad investment experience as a UK equity portfolio manager with UBS Global Asset Management (formerly Phillips and Drew) from 1998 and then as a UK equity portfolio manager with Morley Fund Management from 2003. In total David has 30 years of portfolio management and investment analyst experience. David is a member of the Chartered Institute for Securities and Investment (CISI)
James joined Phoenix in 2013 and became a Partner shortly thereafter. James manages The Huginn Fund which is the “performance fee only” international strategy. James has also represented Phoenix on the board of Hornby PLC, Dignity PLC and Silverwood Brands PLC.
Like all the members of the investment team at Phoenix, he will always be an analyst at heart, contributing to holdings across all the strategies. Outside of work, James used to have hobbies before he started a family.
Jennifer DeSisto is currently the Chief Investment Officer at Anchor Capital, a $7.4 billion institutional asset manager based in Boston. Jennifer is also the lead portfolio manager for the firm’s All Cap, Balanced, Value Opportunities and Multi-Manager portfolios.
Prior to Anchor, Jennifer was overseeing the investment process at Fiduciary Trust Company, which included managing a team to implement asset allocation and construct portfolios with internal stock and bond portfolios along with external managers. Before then, Jennifer was a portfolio manager on the global equity team at Batterymarch Financial Management, a subsidiary of Legg Mason. Earlier in her career, Jennifer worked at Bank of Boston working on leveraged buy-outs and distressed loans. Jennifer earned an MBA from the MIT Sloan School of Management and a BS in industrial management and economics from Carnegie Mellon University. Jennifer is a Chartered Financial Analyst (CFA) and a Chartered Alternatives Investment Analyst (CAIA).
Henry Engelhardt is a founder and CEO emeritus of Admiral Group plc. Henry was CEO from Admiral’s formation in 1991 until his semi-retirement in 2016. Admiral is the largest private car insurer in the UK, also offering home insurance and loans amongst other products. Admiral is headquartered in Cardiff and is Wales’ only FTSE 100 company.
Admiral is known for market-leading results and for its award-winning culture. (Admiral is the only company to be listed in the Sunday Times Best Companies To Work For list every year it’s been compiled.) Admiral is guided by Henry’s simple philosophies like: ‘if people like what they do, they’ll do it better’, which has helped turn culture-energy into big profits.
Henry is semi-retired, spending his time working as mentor, teacher and recruiter within Admiral. He also does management lectures for companies and MBA programmes. His book on management, Be A Better Boss, will be published in June.
Henry has almost 50 years working experience, starting with Poochies at age 13. He earned a BA in journalism and radio-tv-film from the University of Michigan, Ann Arbor, Mi. and an MBA from Insead. Henry was awarded a CBE in 2008 and is a three-time winner of the Sunday Times Best Companies To Work For Best Leader award. He is happily married with four adult children and lives in Cardiff, Wales.
Henry’s book, Be A Better Boss, written to help leaders and managers in any organisation, was published in June 2023.
Founder (2011) of Analyst Alpha Generation, a fundamental independent equity research firm that finds alpha for clients by identifying stocks that could at least double or halve. The Analyst was early in identifying many of the high-profile frauds in Europe in the last decade.
Prior to venturing into the sell-side, Mark started his career at Fidelity as a Research Associate (2001-2004), and learnt plenty of short-selling skills at Trafelet Delta Funds (2004-2008), a long/short European equity fund. He attended St. Anne’s College, Oxford University and is obsessed with cricket.
David is the portfolio manager for the Small-Cap Fundamental Value strategy. Prior to joining Brown Advisory in 2008, he was a managing director for the financial institutions mergers and acquisition advisory group of Citigroup and a managing director in the M&A practice of Lazard Freres.
After graduating from college, David served as an officer in the United States Army.
Andrew Brenton is the CEO and a co-founder of Turtle Creek. Previously, Mr. Brenton founded and was the CEO of the private equity subsidiary of The Bank of Nova Scotia where he invested in control positions of a dozen Canadian private companies.
Mr. Brenton was head of the high technology investment banking practice of Scotia Capital in the early 1990’s and prior to that, he was a founding member and Managing Director in the firm’s mergers and acquisitions practice. Mr. Brenton joined McLeod Young Weir (the predecessor to Scotia Capital) in 1984. Mr. Brenton received his MBA from the Richard Ivey School of Business (University of Western Ontario) in 1984 and his B.Sc. from Mount Allison University in 1980.
Beini Zhou, CFA, is a co-portfolio manager for the Artisan International Explorer Strategy. In this role, he oversees the research process and conducts fundamental research as a generalist.
Prior to returning to Artisan Partners in September 2020, Mr. Zhou was a portfolio manager at Matthews Asia where he managed the Emerging Markets Equity and Asia Value Strategies and co-managed the Asia Small Companies Strategy. Before that, Mr. Zhou was an analyst for the Artisan International Value and Global Value strategies from 2005 to 2012. Earlier in his career, he was a product manager with Oracle, where he designed enterprise software. Mr. Zhou holds a bachelor’s degree in applied mathematics from Harvard College and a master’s degree in computer science from University of California-Berkeley. He is fluent in Mandarin.
Anand Vasagiri is a co-portfolio manager for the Artisan International Explorer Strategy. In this role, he oversees the research process and conducts fundamental research as a generalist.
Prior to returning to Artisan Partners in September 2020, Mr. Vasagiri was co-head and portfolio manager for the Paradice Global Small Cap Strategy from 2010 to 2019. Before that, Mr. Vasagiri was an analyst for the Artisan International Value and Global Value strategies from 2007 to 2010. Earlier in his career, he was an investment analyst for the global emerging markets team at Pictet Asset Management. Mr. Vasagiri holds a bachelor’s degree of engineering in mechanical engineering from M.N. National Institute of Technology, India, a master’s degree in management from the Thunderbird School of Global Management (ASU) and a master’s degree in business administration from the University of Chicago Booth School of Business.
Jonathan founded Metropolis Capital and has co-managed the Metropolis Global Equity strategy since its inception in 2008. Admiral Group PLC has been a holding in the strategy since 2012. Metropolis Capital currently manages $3.9bn on behalf of institutional investors worldwide.
Prior to this Jonathan worked for Bain & Company as a strategy consultant and then for Schroders in their M & A team before setting up Metropolis International, a media and software group which he built through over 30 acquisitions of private businesses, applying a Value investing approach to each transaction. Returns to seed investors in Metropolis International were 30%+ per annum under Jonathan’s tenure as CEO from 1994-2011. He graduated from Oxford University with a First Class Degree in Philosophy, Politics and Economics.
Consuelo Mack has a long and distinguished career in business journalism. In 2005 she struck out on her own to launch her dream program, a weekly half-hour program on public television devoted to helping Americans build and protect their wealth over the long-term. Now in its nineteenth season, Consuelo Mack WealthTrack is the only program on television devoted to long-term diversified investing. It has been dubbed the “Cramer Antidote” by the press and Money Magazine named Mack “The Best Money TV Host.”
Before developing WealthTrack, Mack spent over a decade at The Wall Street Journal as the Anchor and Managing Editor of its weekly, syndicated business program, “The Wall Street Journal Report.” During her tenure it won the Overseas Press Club award, the Gracie award and was nominated for a News and Documentary Emmy award for excellence in background and analysis. Mack’s international experience includes being the Anchor and Editor of “The Asian Wall Street Journal Report,” a weekly business program syndicated throughout Asia.
Mack also played a critical role in CNBC’s strategic alliance with Dow Jones, the parent company of The Wall Street Journal. Anchor of a morning show, reporter for a daily “Strategy Session”, she also anchored “Louis Rukeyser’s Wall Street” in its final months on both CNBC and PBS.
She has received several honors including the first Lifetime Achievement Award for Women in Print and Electronic Financial Journalism from the Women’s Economic Roundtable and the Malcolm S. Forbes Public Awareness Award. In 2014 she was given the YMCA of Greater New York’s Dodge Award, a recognition presented to outstanding individuals who epitomize their tradition of humanitarian service.
She is a member of the Council on Foreign Relations, the Board of the Museum of American Finance, the YMCA of Greater New York Board Emeritus, and a former member of the Economic Club of New York and The Women’s Forum.
Mr. Ronald Chan founded Chartwell Capital in 2007 and currently serves as Chief Investment Officer and Co-Portfolio Manager.Ronald is a member of the Public Shareholders Group and the Listing Committee of the Securities and Futures Commission of Hong Kong.
He is also an Independent Non Executive Director of Hong Kong Ferry and Powerlong Commercial Management Holdings Ltd., an international committee member of the Hong Kong M+ Museum, a committee member of the Hong Kong Biotech Development Council of the Hong Kong Science and Technology Park and the Hong Kong Trade Development Council’s Greater Bay Area Working Group. An adjunct professor for the MBA program at The Hong Kong University of Science and Technology, Ronald is the author of two books: Behind the Berkshire Hathaway Curtain: Lessons from Warren Buffett’s Top Business Leaders in 2010, and The Value Investors: Lessons from the World’s Top Fund Managers in 2012 and 2021 (second edition). He graduated with Bachelor of Science degrees in Finance and Accounting from the Stern School of Business at New York University.
Jonathan Boyar is President of Boyar’s Intrinsic Value Research, an independent research boutique established in 1975 that counts some of the world’s largest sovereign wealth funds, hedge funds, mutual funds and family offices as subscribers.
He is also a Principal of BoyarAsset Management, which has been managing money utilizing a value oriented strategy since 1983. Jonathan has been interviewed by Barron’s, Welling on Wall Street and GuruFocus. He spoke at the 2017 London Value Investor Conference, the 2017 GuruFocus Value Conference and the 2017 International Value Investing Conference. He is also a contributor to the latest edition of Harriman’s Book of Investing Rules: The Do’s & Don’ts of the World’s Best Investors.
Nigel is one of the founding partners of OP. He was previously at MLIM for 13 years. He was a director and portfolio manager on the global team. At MLIM he was also a member of the emerging markets and European teams in London and, from 1997 to 1999, the Asia team in Singapore. He graduated from City University. He is Chief Investment Officer. He co-manages the global equity portfolios and contributes to the overall investment selection.
Ben is one of five key stock pickers for the Global Equity Fund at Orbis Investments, which he joined in the summer of 2000 just as the TMT bubble of the late 1990s was beginning to unwind. Orbis is a contrarian manager, using a disciplined research process to identify shares trading well below their long term intrinsic value, usually because of some temporary setback.
Ben initially began researching stocks in the consumer sector but has gradually expanded his coverage and now leads the Global Sector team, in which industry specialists research stock market opportunities globally. Ben graduated with a First Class degree in Mathematical Sciences from the University of Oxford in 1998 and had a brief stint as an analyst at an M&A boutique before joining Orbis. He is a CFA charterholder.
Bernard R. Horn, Jr. is president and portfolio manager of Polaris Capital Management, LLC (www.polariscapital.com), a leading Boston-based global value equity manager serving the investment needs of institutions and individuals. Mr. Horn founded Polaris in 1995 to expand his existing client base from the 1980s. Polaris has one of the longest global and international equity track records of any firm presently in operation and continuously managed by the same individuals.
The value-oriented strategy has been strictly applied by Mr. Horn over the past 30+ years, producing admirable risk-adjusted returns since inception. A forerunner in global and international investing, Mr. Horn has been profiled in national media outlets, a guest lecturer at conferences and his written works have been published throughout the investment industry. Previously, Mr. Horn worked for MDT Advisers, Inc., Freedom Capital Management and Horn & Company. Mr. Horn is a graduate of Northeastern University and holds a master’s degree in management from the Alfred P. Sloan School of Management at M.I.T.
Alvaro Guzmán de Lázaro is Chief Investment Officer and Partner of Spanish boutique azValor AM, which he joined from Spain’s Bestinver in 2014. Guzmán, 42, began his career in 1994 as an auditor for Arthur Andersen (Madrid), and spent some time in Paris with Bankers Trust,.In 1997 he moved to Frankfurt to join Value Management, a ground-breaking investment firm founded by a former associate of the legendary US investor Peter Lynch.
As a stock analyst, Guzmán studied and applied the investing style of Lynch and other Value proponents such as Ben Graham, Philip Fisher and Warren Buffett. In 2001, Guzmán led his highly-regarded team to Banesto Bolsa, where he became the lead analyst and head of the research department. In March 2003, he joined Bestinver, leaving the firm in 2014 to help establish azValor, Guzmán speaks Spanish, French, English and German. He has been Professor of fundamental analysis at the Spanish Institute of Financial Analysts (IEAF) and at the IEB (Stock Exchange Study Institute) since 1999, and became a Chartered Financial Analyst (CFA, AIMR) in 2001. He also has an MA in European Business Studies and a law degree from Spain’s National University of Distance Education (UNED).
Andrew joined OP in March 2013. He had previously been employed by SVG Capital in London for seven years managing mainly European equity portfolios. Before joining SVG, he held portfolio management positions at Sovereign Asset Management, American Express Asset Management and Phillips & Drew Fund Management.
He graduated from Cambridge University. He co-manages the global equity portfolios and contributes to the overall investment selection.
Fernando Bernad is a founding partner of azValor AM and is now also a portfolio manager for the Spanish investment boutique. His early career started with internships at Price Waterhouse (Madrid, 1994), BBVA (Madrid, 1996), and DG Bank (Frankfurt, 1997). The following year he joined Value Management in Frankfurt where he worked in the asset manager’s research unit alongside Álvaro Guzmán, gaining in-depth knowledge of the theory and strategy of Value investing.
He developed his career in the Spanish private equity sector as an Associate at BNP Paribas Leveraged Finance and then joined the analysis team at Banesto as a cyclical analyst (steel and oil sectors). He went on to lead the Analysts team at Spanish broker Interdin. In 2005 he joined the private banking Vetusta Group as investment director, leading a team which achieved average annual returns of around 30% on equities. He joined Spain’s Bestinver in February 2007, only leaving the firm in 2014 at the same time as his colleague Alvaro Guzmán de Lázaro, to set up azValor Asset Management. Bernad has a Bachelor in Business Administration (Summa cum Laude), awarded jointly by ICADE, Madrid and Northeastern University, Boston, and is a CFA charter holder. He is fluent in English and reads French.
Andrew Wellington co-founded Lyrical Asset Management and serves as the firm’s Chief Investment Officer and Managing Partner. Mr. Wellington has been involved with active portfolio management for over twenty years. He was a founding member of Pzena Investment Management, where he was the original equity research analyst, and later became a principal and portfolio manager.
He then went on to Neuberger Berman where he became the sole portfolio manager for their institutional mid‐cap value product, growing that product from $1 billion to $3.3 billion in AUM, and earning a five-star Morningstar rating. He also was a managing director at New Mountain Capital, where he played a key role in establishing and managing the $1.2 billion New Mountain Vantage Fund, a value‐oriented, long‐only, activist hedge fund. Early in his career Mr. Wellington worked as a management consultant at Booz Allen & Hamilton and First Manhattan Consulting Group. Mr. Wellington graduated summa cum laude from the University of Pennsylvania’s Management & Technology Program, earning both a Bachelor of Science from the Wharton School and a Bachelor of Science from the School of Engineering.
Mark Pearson, ACA, CFA, co-founded Arcus in 1998. He previously managed portfolios of Japanese equities at Kleinwort Benson Investment Management in Tokyo and at Buchanan Partners in London. After graduating from Emmanuel College (University of Cambridge) with an MA in Economics in 1981, he worked for Coopers & Lybrand accountants in London before working as a Japanese equity analyst alongside Peter Tasker at Kleinwort Benson Securities in Tokyo 1986-1989.
Django Davidson is a founding partner of Hosking Partners. The firm was founded in 2013 to continue the Capital Cycle approach to investing developed in the early 1980s by Jeremy Hosking and team at Marathon Asset Management.
Django is a portfolio manager, having previously trained as a financials analyst at Algebris and Deutsche Bank, which he joined after leaving the University of Oxford in 2002. Hosking Partners has c$5.5bn AUM of institutional AUM.
Anthony Campagna is currently the Global Head of Fundamental Research at ISS EVA. (ISS acquired EVA Dimensions in 2018) He leads a global research team across all portions of the investment decision process: macro insights and screening for idea generation, sector and industry reports to provide context, company specific reports for single stock ideas, and portfolio analysis to measure risk through the EVA lens.
Prior to EVA, he was a Director at Valens Securities, Anthony also assisted in teaching and lecturing at HULT International Business School and at DePaul University’s Kellstadt Graduate School of Business. Alongside his duties at Valens Securities, Anthony served as the Executive Director of The Institute of Strategy & Valuation and helped develop the C.S.V. designation – Certified in Strategy & Value-Creation. Prior to Valens Securities, Anthony worked as an Analyst at Credit Suisse, in the HOLT division focusing in model development and custom client solutions. ISS EVA provides institutions with an established standard in measuring, analyzing, projecting, valuing, and discounting a firm’s underlying economic profit through the provision of Economic Value Added (EVA) metrics.
Rory is a portfolio manager at Orbis Allan Gray Limited. Orbis Allan Gray Limited is made up primarily of two asset management businesses: Orbis founded in 1989 and Allan Gray founded in 1973. They share the same founder and a common private ownership structure. Both firms employ a fundamental, long-term, and contrarian investment philosophy used to identify shares priced below their intrinsic value.
Today, Allan Gray is the largest privately owned asset management firm in Africa, managing in excess of $35bn of assets. Since inception, Allan Gray has delivered approximately 8% per annum outperformance for its institutional clients. Orbis manages over $34bn in assets invested globally, and its flagship Global Equity Strategy has outperformed by more than 4% per annum since inception. Rory is based in Cape Town. While he researches stocks globally, he tends to find himself gravitating to South African and Frontier equities. He co-manages the Allan Gray Frontier Markets Equity Fund, a concentrated portfolio of companies with significant business interests in frontier markets. The Fund aims to outperform the MSCI Frontier Emerging Markets Index over the long term without taking on greater risk of loss. Rory holds a Bachelor of Business Science from the University of Cape Town and is a CFA charterholder. Prior to joining Allan Gray in 2008, Rory worked for Anglo Irish Bank in Dublin.
C.T. Fitzpatrick serves as Chief Executive Officer and Chief Investment Officer of Vulcan Value Partners. C.T. founded Vulcan Value Partners in 2007 to manage his personal capital. Since inception, two strategies have peer rankings in the top 1% of value managers in their respective categories, two are in the top 3%, and the fifth is in the top 6%. Prior to founding Vulcan Value Partners, C.T. worked as a principal and portfolio manager at Southeastern Asset Management.
During his 17 year tenure, the team at Southeastern Asset Management achieved double digit returns well ahead of inflation and was ranked in top 5% of money managers over five, ten, and twenty year periods according to Callan and Associates. C.T. earned his MBA in Finance from the Owen Graduate School of Management at Vanderbilt University. He also has a BS in Corporate Finance from the University of Alabama.
Keith Ashworth-Lord is Chief Investment Officer of Sanford DeLand Asset Management Ltd and Fund Manager of the CFP SDL UK Buffettology Fund. Keith has over 35 years of equity market experience as an investment analyst and fund manager. He is a seasoned practitioner of ‘Business Perspective Investing’ as championed by Ben Graham and Warren Buffett. Prior to founding Sanford DeLand Asset Management in 2010, Keith worked with a variety of stockbroking, fund management and private investor clients.
Keith has a Bachelors Degree in Astrophysics and a Masters Degree in Management Studies from Imperial College, London and is a Chartered Fellow of the Chartered Institute of Securities & Investment. In 2017, Keith was conferred with Alpha Manager status by FE Trustnet. The Buffettology Fund that he manages is a multiple award winner over the years since its launch in March 2011. His book ‘Invest in the Best’ was published in 2016 by Harriman House.
Since the formation of Oaktree in 1995, Mr. Marks has been responsible for ensuring the firm’s adherence to its core investment philosophy; communicating closely with clients concerning products and strategies; and contributing his experience to big-picture decisions relating to investments and corporate direction.
From 1985 until 1995, Mr. Marks led the groups at The TCW Group, Inc. that were responsible for investments in distressed debt, high yield bonds, and convertible securities. He was also Chief Investment Officer for Domestic Fixed Income at TCW. Previously, Mr. Marks was with Citicorp Investment Management for 16 years, where from 1978 to 1985 he was Vice President and senior portfolio manager in charge of convertible and high yield securities. Between 1969 and 1978, he was an equity research analyst and, subsequently, Citicorp’s Director of Research. Mr. Marks holds a B.S.Ec. degree cum laude from the Wharton School of the University of Pennsylvania with a major in finance and an M.B.A. in accounting and marketing from the Booth School of Business of the University of Chicago, where he received the George Hay Brown Prize. He is a CFA® charterholder. Mr. Marks is an Emeritus Trustee and member of the Investment Committee at the Metropolitan Museum of Art. He is a member of the Investment Committee of the Royal Drawing School and is Professor of Practice at King’s Business School (both in London). He serves on the Shanghai International Financial Advisory Council and the Advisory Board of Duke Kunshan University. He is an Emeritus Trustee of the University of Pennsylvania, where from 2000 to 2010 he chaired the Investment Board.
It’s absolutely fantastic, the quality of speakers is genuinely world class. It’s very much the Rolls-Royce of the investor conference market.
© Value Invest 2021
