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Investment Capabilities

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    What do they do? »
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    What new joiners can expect »

Portfolio Management

Our approach to portfolio management is different from the traditional approach. Rather than a “star manager” or team-based approach, our process is designed to harness the best ideas of our analysts. Central to this process is our performance attribution system, which allows us to identify those analysts with demonstrated skill. We seek to combine the stock ideas of the stockpickers in whom we have the greatest confidence into a portfolio that also reflects broader market and portfolio-level considerations.

Portfolio Management

What new joiners can expect

Many firms provide a clear path for investment professionals: a new joiner starts as an equity analyst with the hopes of one day being a portfolio manager. We do not work this way. While our most successful stockpickers do gain more influence over client portfolios, we believe that equity research and portfolio construction are separate skills, and that someone with great talent and interest in one may have little talent or interest in the other. Across the firm, we do not hire to fill roles, and our portfolio construction function is no different. New joiners in this role can expect a somewhat longer mentoring period before gaining influence in the actual client portfolios.