The curated database of hedge funds that publish investor letters. Research by geography, strategy, and schools of thought.
| # | Fund | Strategy | Style | Geography | AUM | Latest Letter |
|---|---|---|---|---|---|---|
The fund is managed by an experienced four-person portfolio management team with an average tenure of 23.1 years. George H. Davis Jr. serves as Executive Chairman with 37 years at Hotchkis & Wiley and 41 years of total industry experience, holding degrees from Stanford University. Scott McBride, CFA, functions as CEO and portfolio manager, joining in 2001 with expertise in technology companies and degrees from Georgetown and Columbia universities. Patricia McKenna serves as Principal and portfolio manager since 1995 with over 26 years of tenure and CFA designation, providing expertise in consumer and healthcare sectors. Douglas Campbell was added as portfolio manager in 2024, expanding the team's capabilities. The vast majority of the investment team owns equity in the firm, aligning their interests with those of clients.
The Large Cap Fundamental Value strategy represents Hotchkis & Wiley's founding investment approach, having invested in undervalued large-cap stocks for over 45 years. The firm employs disciplined investment strategies that primarily rely on in-house fundamental security research with the goal of providing clients with portfolios offering attractive risk-adjusted returns relative to specified benchmarks. The investment process emphasizes long-term thinking about company valuations, focusing on price and what investors receive for that price in terms of earnings, cash flow, and dividends. The team uses discounted cash flow models anchored on normalized earnings and seeks to build a portfolio of 40-60 stocks that offers a payout yield exceeding that of the S&P 500 while trading with a P/E ratio below the market average. The approach targets companies with strong market positions, robust balance sheets, and significant cash flow generation capabilities.
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