The Large Cap Core team employs a consistent and repeatable investment process that capitalizes on their deep knowledge of the markets and long-term investing experience.

Strategy

• Eagle profiles every stock in the investable universe identifying companies entering or extending a fundamental growth cycle through an examination of each company’s potential for future fundamental innovation, technical leadership, and cycle persistence.
• The small subset of highly rated stocks that make it through our initial profiling are then evaluated for “fit” within our disciplined and rigorous portfolio construction process with respect to the tradeoffs between risk and reward.
• The proposed portfolio and the accompanying suggested trade list are then subjected to review from our experienced team of portfolio managers and analysts to ensure the companies are both consistent with our philosophy and timely with respect to market conditions.

Philosophy

• We believe mispricing arises from the undue influence of multiple emotional biases that occur in the face of uncertainty.
• We focus on the uncertainty surrounding a company’s ability to successfully enter or extend an earnings growth cycle, seeking to take advantage as corresponding investor cynicism about this ability declines from elevated levels.
• Our process is built on a strategic research platform identifying the characteristics most commonly found among companies at this stage of their growth cycle.
• We form portfolios through risk-aware investments in those companies which most closely reflect these characteristics.
• In aggregate, our portfolio represents a diverse cross-section of the market and reflects our view of an optimal investment in this excess return opportunity.