River Road Asset Management
"Off the radar and away from the noise of Wall Street, River Road thrives by finding investment opportunities off the radar as well. We like that they do their own research because it creates portfolios of great stocks that others miss."
- Daniel Solomon, Chief Investment Officer, NEI Investments
Founded in 2005, River Road Asset Management is an institutional investment firm managing for pension plans, foundations and investment companies across the world. River Road is exclusively available to the Canadian retail market through NEI Investments. The firm specializes in value-oriented equity investment management and is an affiliate of Affiliated Managers Group.
The Absolute Value approach underlines all investments at River Road. The objective of Absolute Value investing is to provide attractive, sustainable returns over the long term.
Integral to this objective is an emphasis on positive return consistency and minimizing downside portfolio risk.
River Road's Absolute Value philosophy is distinguished by four principal tenets: 1. Seek out excellent companies trading at compelling prices, not mediocre businesses trading at deep discounts. 2. Build portfolios from the bottom-up, one company at a time. No following market or index trends. 3. Seek out market inefficiencies. The River Road Absolute Value approach is alpha driven and therefore they focus on less efficient market segments, out of favor securities and securities with little or no industry analyst coverage. 4. Be risk averse. River Road employs a strategy of balanced diversification and a structured sell discipline that limits both portfolio volatility and the potential loss of capital.
|Name||Lead Managers||Inception Date||Category||Morningstar Profile|
|NEI U.S. Dividend Fund||Henry W. Sanders III, CFA
Thomas S. Forsha, CFA
Andrew R. McIntosh
|2000-10-06||US Equity||A F P PF|
Henry W. Sanders III, CFA
Executive Vice President & Senior Portfolio Manager
Mr. Sanders serves as Lead Portfolio Manager for River Road's Dividend All-Cap Value Portfolios. Prior to co-founding River Road, Mr. Sanders served as Senior Vice President and Portfolio Manager for Commonwealth Trust Company. Additionally, Mr. Sanders served as President of Bridges Capital Management and Vice President of PRIMCO Capital Management. He has also served as an adjunct professor of Finance and Economics at Bellarmine University. Mr. Sanders holds a B.A. in Business Administration from Bellarmine University and an M.B.A. from Boston College. He earned the Chartered Financial Analyst® designation in 1992, is a member of the CFA Institute, and is a member and past president of the CFA Society of Louisville.
Thomas S. Forsha, CFA
Co-Chief Investment Officer & Portfolio Manager
Mr. Forsha serves as Co-Chief Investment Officer for River Road and Co-Portfolio Manager for the firm's Dividend All-Cap Value Portfolios. Prior to joining River Road, Mr. Forsha served as Equity Analyst and Portfolio Manager for ABN AMRO Asset Management USA, where he was responsible for management of the North American equity allocation of the firm's Global High Income Equity Fund. Mr. Forsha holds a B.S. in Finance from The Ohio State University's Fisher College of Business and an M.B.A. from The University of Chicago Booth School of Business. He earned the Chartered Financial Analyst® designation in 2002 and is a member of the CFA Institute and the CFA Society of Louisville.
Andrew R. McIntosh
Associate Portfolio Manager
Andrew R. McIntosh serves as Associate Portfolio Manager for River Road's Dividend All-Cap Value Portfolios. In this capacity, he continues to maintain select analyst responsibilities. Prior to joining River Road in 2011, Mr. McIntosh served as Structured Finance Analyst on a portfolio of subprime and second lien securities at AEGON USA Investment Management LLC. Mr. McIntosh graduated from the University of Iowa with a B.B.A. in Finance. He earned the Chartered Financial Analyst® designation in 2006 and is a member of the CFA Institute. Additionally, he is a past president of the CFA Society Louisville and serves on its board of directors.