Three Managers and Their Approach to Buying Companies
We sat down with three of our top-ranked investment specialists...
to discover what drives their security selection process and how they intend to manage their investment mandates. Here’s a brief overview of what we learned:
EdgePoint Wealth Management
Geoff MacDonald and his team take a highly differentiated approach to selecting securities by ensuring the companies he invests in are under-owned and have more upside potential than the largest index names that tend to be overpriced.
Brown Advisory
Karina Funk gets excited by uncovering the best companies that already have a strong foundation and can be resilient in the face of economic adversity. Whether it’s higher interest rates, pandemics, or a war in Europe, Karina and her team look for companies who are structurally stronger than their peers, and who can continue to provide consistent cash flow that can be reinvested into their business or passed on to shareholders.
Mawer Investment Management
Jim Hall looks for businesses that are well-positioned to compound wealth over the long term. He is currently encouraged that the higher cost of capital is causing companies to allocate their resources more effectively. While the process of adjusting to the higher cost of capital can be difficult over the short term, he believes it will provide long-term investors with the opportunity to participate in wealth creation at a reasonable price.
