• Diversified portfolio of non-U.S. companies and U.S.-based companies that have significant revenues from abroad
• Primarily “Growth At a Reasonable Price (GARP)” publicly-traded securities (including funds & ETFs)
• Global macro thesis with a fundamental search for strong, attractively priced companies
• Exposure to both developed and emerging markets with weightings based on region and company growth outlook
• Portfolio of 40 to 65 positions in a typical client portfolio
• Total-return focus (both growth and yield); non-benchmark orientation
• Generally 90-95% invested, but may hold more cash or market inverse ETFs at certain times

     

     Portfolio Manager: David Descalzi

     Annual Fee of 1.5%

     Link to quarterly commentaries