We use quantitative research and models as a means of identifying dislocations between share prices and the fundamentals, both at the stock level and more broadly within stockmarkets. We view quantitative analysis as an enabling technology that harnesses our investment philosophy in a systematic and scalable way. Our analysts have a variety of tools at their disposal to help eliminate unattractive ideas in the early stages and concentrate their research in the most promising potential opportunities. Such tools include our internally-developed models and flexible screening tools that each analyst can tailor to their specific needs.
Our quantitative analysts maintain databases and tools that are a primary resource for the other members of our investment team, making their qualitative research significantly more efficient. Members of our team of quantitative analysts typically have backgrounds in mathematics, science or engineering. As with our equity analysts, we place more emphasis on intellectual ability and an individual’s previous record of achievement rather than finance or investment experience when recruiting quantitative analysts.