Mitchell Kovitz leads the investment team as primary portfolio manager since the strategy's inception in December 1997, providing nearly three decades of consistent leadership and investment approach execution. Joel Hirsh joined as co-manager in 2006, bringing additional depth and experience to investment decision-making processes. The team was strengthened in 2024 with the addition of Matt Hayner, CFA, as co-manager, demonstrating the firm's commitment to maintaining investment talent continuity. The management team's long tenure and stability reflects deep institutional knowledge and consistent application of the value-oriented investment philosophy. This continuity in leadership has been instrumental in delivering the strategy's long-term performance track record and maintaining disciplined investment processes across different market environments.

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The Kovitz Core Equity Strategy implements a private owner investment philosophy with a multi-year time horizon, emphasizing preservation of capital through disciplined value investing principles. The strategy seeks to achieve competitive risk-adjusted returns by purchasing equity securities of competitively advantaged and financially strong companies at prices substantially below their intrinsic value. The approach focuses on mid to large capitalization companies with sustainable competitive advantages, maintaining concentrated portfolios of 30-40 stocks with low turnover of 30-40%. The investment philosophy emphasizes thorough fundamental analysis, patient capital deployment, and extended holding periods rather than market timing or momentum strategies, believing superior long-term returns are achieved through careful security selection across multiple market cycles.

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