Mid Cap

Research intensive approach, looking for companies with strong projected earnings growth

Strategy Objective

Outperform Russell Midcap® Growth Index and peer group over the intermediate/long term, with risk profile similar to that of the benchmark


The team uses a research-intensive approach based on internally generated fundamental research and looks for businesses with above average EPS growth that generally have the following characteristics:

  • Sustainable and/or improving earnings growth over the investment horizon
  • Strong business fundamentals
  • Stable and enduring franchise value

We seek to own these “high quality” businesses at attractive valuations. In our opinion, the market often under-appreciates the performance of these steady growth companies.

Differentiating Characteristics

  • Highly experienced and deep team
  • Core product diversified by sector/industry
  • Fundamental research based
  • Focus on business evaluation


We believe that active management through bottom-up fundamental research can add significant value in uncovering mid-size companies that have the potential to generate above average earnings growth. We seek to invest in companies with sustainable and/or improving earnings growth over the investment horizon, strong business fundamentals, and stable and enduring franchise value. A key criterion is to find those companies that are at a crossroads between rapid, early-stage growth and a more mature, seasoned level of performance. We seek to own these “high quality” businesses at attractive valuations. In our opinion, the market often under-appreciates the performance of these steady growth companies. The benchmark is the Russell Midcap® Growth Index.

Key Characteristics

Benchmark: Russell Midcap® Growth
Number of Holdings: Typically 80 – 90
Maximum Position Size: 4%
Turnover: 30 – 50% under normal market conditions
Active Share: Approximately 75%
Cash: < 5%

Investment Team

Our Small/Mid Cap team includes four portfolio managers and five research professionals.

The investment universe is divided by sectors and/or industries, with individual team members having responsibility within their areas of expertise.

Portfolio managers and analysts continually discuss the merits and risks of each security, reviewing the fundamental outlook and stock valuation. This interactive process leverages the knowledge and skill of the entire investment team.


Meet the Team

Please remember that there are inherent risks involved with investing in the markets, and your investments may be worth more or less than your initial investment upon redemption. There is no guarantee that the investment managers’ objectives will be achieved. Professional money management is not suitable for all investors. The risks associated with investing include but are not limited to: derivative securities, which may carry market, credit, and liquidity risks; short sales, which involve costs and the risk of potentially unlimited losses; leveraging, which may magnify losses; high yield (“junk”) bonds, which are subject to greater market risks; small/mid cap stocks which may be subject to more erratic market movements than large cap stocks; foreign securities, which are subject to currency fluctuation and political uncertainty; real estate, which poses certain risks related to overall and specific economic conditions as well as risks related to individual property, credit and interest-rate fluctuations; and mortgage-backed securities, which are subject to prepayment and extension risks.

Thematic and concentrated portfolios may not be suitable for all investors. Such portfolios are non-diversified, so a loss resulting from a particular security will have greater impact on the portfolio’s return. Fixed income investments are subject to interest rate risk, and their value will decline as interest rates rise.

Your investment objectives, risk tolerance, and liquidity needs must be reviewed before suitable programs can be recommended. Asset allocation and diversification strategies do not assure a profit or protect against loss in declining markets. Investors should consult with their attorney, accountant, and/or tax professional for advice concerning their particular situation.

Additional considerations:
This web site is not intended as an offer or solicitation with respect to the purchase or sale of any security or other financial instrument or any investment management services.
The does not constitute investment advice and should not be used as the basis for any investment decision. There is no assurance that the strategy objectives as discussed will be met. Further, there is no assurance that any strategies, methods, sectors, or any investment programs herein were or will prove to be profitable, or that any investment recommendations or decisions we make in the future will be profitable for any investor or client.
These materials do not purport to provide any legal, tax or accounting advice.