Today, we are joined by Portfolio Manager, Morgen Peck, to discuss value investing, opportunities in the international markets, and how the Global Intrinsic Value team co-manages their fund. Morgen begins by describing the Global Intrinsic Value fund as a co-managed fund that benefits from multiple portfolio managers specializing in risk evaluation and idea generation. It is a value fund with a quality tilt, offering strong downside protection during market drawdowns while keeping pace during upswings through quality stock picking. She then notes that there are numerous opportunities in the smaller and mid-cap segments. Looking internationally, Japan is also highlighted as a key area, as Morgen talks about its currently undervalued and overlooked public companies. Morgen also uncovers other hidden gems such as the driving consumer and energy sectors, the geopolitical landscape, and AI development. She closes off by going in depth with the fund’s contingency plans. While the fund doesn’t maintain a strong macro forward view, Morgen emphasizes a good margin of safety and downside capture, offering resilience in potential recessions. She says with her team, she is actively trying to provide results correlated with the funds unique nature.

Recorded on July 9th, 2024.

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