Institutional Large Cap Core Strategy

Investment Objective

The portfolio manager seeks to outperform the S&P 500 Index over a full market cycle. He aims to implement a rigorous risk management process.

Benchmark

S&P 500 Index

Investment Philosophy

The portfolio manager believes he adds value by maintaining a pure style that provides excess return with similar or less volatility than the benchmark. He also believes stock prices may vary significantly from fair value in the short run due to the imperfect flow of information and the mispricing of risk in the market. The portfolio manager believes stock prices will regress to fair value, and that returns on equity, assets and capital will revert to equilibrium over the intermediate term.

Investment Process

Sector-based research
Decision Framework
Portfolio Construction
Portfolio Risk Management

Key Strengths

Portfolio manager has 25 years of industry experience
In-depth proprietary research information advantage
Rigorous risk management process
Proven long-term track record

Related Resources

Fact Sheet (50 K)

PM Commentary (46 K)

ESG Fact Sheet (55 K)

ESG PM Commentary (50 K)

Investment Management

Michael Kagan

Managing Director, Senior Portfolio Manager

25 years of investment industry experience

See Michael Kagan's Profile

All investments are subject to risk, including the possible loss of principal. Past performance is not indicative of future results.

There is no guarantee investment objectives will be met.