“We are what we repeatedly do. Excellence, then, is not an act, but a habit.” – Aristotle
The objective of the Aristotle Global Opportunity strategy is to optimize total return by investing in a diversified portfolio of assets, which are expected to include U.S. and foreign securities. At its “core”, it is a Global Equity strategy. The Global Opportunity strategy is an actively managed “go anywhere” approach with a fundamental, bottom-up focus to security selection, focusing on quality, valuation, and a superior business model. We believe that buying good businesses that are producing high returns on invested capital ultimately deliver above average market returns to investors, provided they are purchased at what we believe are an attractive price. While benchmarked to the MSCI World Index, our investment process is not constrained by any adherence to benchmark characteristics or holdings, nor do we strive to limit tracking error. While equity holdings are typically around 80% of the portfolio, there is flexibility to invest outside listed equities if we think it is the best way to take advantage of an opportunity. Additionally, the strategy may hold a relatively elevated level of cash if the managers deem it is appropriate to do so. A disciplined, research-intensive process results in the selection of approximately 50 securities for client portfolios.