The fund seeks capital appreciation by investing in companies across market capitalizations in the United States.
The investment process uses fundamental, bottom-up research to identify companies demonstrating growth, quality and valuation characteristics.
Next, the research team looks for companies that have the potential for sustainable earnings and cash flow growth. The team also evaluates the long-term market opportunity and competitive structure of an industry to identify leaders and emerging leaders.
In addition, the team employs qualitative techniques to look for high-quality companies with strong management teams and financial strength. The process also involves assessing the growth opportunity.
The manager typically focuses on companies that are leaders in innovation who take advantage of new technologies and benefit from new industry conditions. The manager believes technology, medicine, global communications are innovative sectors poised for long-term growth.
The fund has the flexibility to invest across a large number of sectors, but expects to have significant positions in particular sectors such as technology and health care.