We seek long-term growth of capital by investing in undervalued U.S. large capitalization companies.
We believe in targeting undervalued companies in relation to the market, their peer group and their historic earnings multiples. Relative value investment candidates will possess a catalyst to unlock shareholder value.
- Fundamental, bottom-up value discipline across sectors, leveraging broad GE resources
- Focus on unappreciated stocks with an identifiable catalyst
- Long-term focus: three- to four-year investment time horizon
Once a stock is identified as relatively undervalued, the team, supported by the research analysts, performs additional fundamental analysis to determine if there is a sufficient catalyst to unlock the hidden value (three to four-year time horizon). Once a stock is in the strategy, it may be sold when it achieves a predetermined price target or, in some cases, eliminated due to deteriorating fundamentals. The proceeds are then reinvested into what we believe to be more compelling relative value investments. The strategy is broadly diversified across all sectors and not just invested in out-of-favor value sectors.
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| Other U.S. Equity Strategies | |
