PHILOSOPHY

We view investment opportunities and portfolio performance from a long-term perspective, leveraging a qualitative and quantitative discipline to ensure comprehensive analysis of potential portfolio candidates.

We pursue value-driven investments characterized by relatively low risk -- what we call "investing with a margin of safety" -- identifying opportunities that we believe are undervalued or misunderstood by the average investor.

We discover value and the potential for positive returns among investments currently undervalued in the marketplace -- investments that are mispriced as a result of institutional imperatives or conflicting time horizons.

We know that adherence to discipline, rigorous risk management, and ongoing performance monitoring are critical factors in every step of the investment process. No portfolio can run long and strong on its own. Emotional or knee-jerk responses to market spasms, fads or hype are suppressed.

We stand firmly grounded in our independence, structure and collaborative culture to maintain objectivity and clarity while delivering dynamic service and enduring value.

We connect to a global network of opportunities, people, intelligence and technology to deliver comprehensive investment solutions to our clients.

We design every client portfolio to meet each client's specific and unique needs, managing each portfolio independently in pursuit of superior performance results

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