Aristotle has launched the Aristotle Value Equity Fund, which will be managed by Aristotle Capital Management.
The institutional no-load share class will trade under the symbol ARSQX.
The objective of the fund is to maximise long-term capital appreciation with a focus on seeking capital preservation over complete market cycles.
The investment philosophy applies a fundamental, bottom-up security selection process to a universe of companies with market capitalisations typically in excess of USD2 billion at initial investment.
The fund holds approximately 35 to 45 investments in what Aristotle Capital believes to be high-quality businesses trading at meaningful discounts to their intrinsic values. It invests mainly in US-based companies, but may invest up to 20 per cent in companies based outside the US in the form of American Depository Receipts (ADRs).
The fund’s portfolio manager is Howard Gleicher (pictured), chief executive officer and chief investment officer of Aristotle Capital. Gleicher, a 32-year veteran in the investment industry, has applied the same investment philosophy and process as portfolio manager of value equity strategies for more than two decades.
“We believe Aristotle Capital differentiates itself from other asset managers by focusing on investing in great businesses,” says Gleicher. “We do not focus on just buying and selling stocks. As an investment team, we are constantly working to understand the very best business models. We then look to see if these great businesses possess catalysts that should unlock value over time. This approach results in a concentrated portfolio of what we consider outstanding companies.
“We look at these great companies from a global perspective and invest with a long-term view. As a result of our thorough due diligence process, we find that only a select number of companies meet our stringent criteria. Therefore, by design, our portfolios represent those businesses where we have the very highest conviction of quality, value and long-term prospects.”
Patrick Schussman, managing director, head of advisory distribution at Aristotle, adds: “We are excited to provide the advisory marketplace an opportunity to participate in our flagship investment strategy. The Aristotle Value Equity Fund complements products available on our expanding platform which include the Aristotle International Equity Fund (ARSFX), the Aristotle Small Cap Equity Fund (ARSBX), the Aristotle/Saul Global Opportunities Fund (ARSOX) and the Aristotle Strategic Credit Fund (ARSSX).”