For Institutional Investors in the US

International Alpha Equity

Invests in international companies where we believe the market underestimates free-cash-flow growth, with the aim to derive independent and uncorrelated sources of alpha

Overview

ABOUT THIS STRATEGY

Our focus is to generate excess returns by capitalizing on the dislocation between market expectations and our assessment of free cash flow growth. We believe success depends on incorporating independent and uncorrelated sources of alpha, while executing fundamental and behavioral analyses to identify the most attractive investment opportunities.

INVESTMENT APPROACH

High-Conviction, Concentrated Best Ideas
International stock portfolio with no persistent style bias. We seek to find differentiated insights into the magnitude, duration, quality and/or use of cash flow growth.

Independent & Uncorrelated Insights
Harnesses the intersection of independent viewpoints and differentiated perspectives between the portfolio managers and research analysts.

Disciplined Portfolio Construction
Manages risk exposure and aims to ensure stock selection is the primary determinant of risk and return. Implied Alpha translates a portfolio manager’s conviction into portfolio impact by considering historical volatility and correlation of all portfolio holdings to each other.

PORTFOLIO MANAGEMENT

George P. Maris, CFA

Co-Head of Equities - Americas | Portfolio Manager

Industry since 1998. Joined Firm in 2011.

Julian McManus

Portfolio Manager | Research Analyst

Industry since 1994. Joined Firm in 2004.

Performance

RETURNS (%) (As of 03/31/2021)
Composite Gross Composite Net MSCI All Country World ex-U.S. Index (Gross)
 
3M YTD 1YR 3YR 5YR Since Inception
(01/01/2016)
Composite Gross 5.28 5.28 64.26 9.87 13.04 10.28
Composite Net 5.11 5.11 63.24 9.16 12.32 9.57
MSCI All Country World ex-U.S. Index (Gross) 3.60 3.60 50.03 7.02 10.28 9.72
RETURNS (%) (As of 05/31/2021)
Composite Gross Composite Net MSCI All Country World ex-U.S. Index (Gross)
 
3M YTD 1YR 3YR 5YR Since Inception
(01/01/2016)
Composite Gross 8.66 14.04 57.43 13.15 15.07 11.58
Composite Net 8.49 13.74 56.45 12.43 14.34 10.87
MSCI All Country World ex-U.S. Index (Gross) 7.72 10.12 43.39 9.42 11.39 10.65

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