Value Investor Insight: Ports in a Storm
Value Investor Insight sits down with The London Company Founder and CIO, Stephen Goddard, and Principal, Portfolio Manager, Samuel Hutchings, to discuss the importance of downside protection in today’s market conditions.
“It was sounding rather old-fashioned until recently, but Steve Goddard has always highlighted protecting client assets on the downside as a key driver of long-term outperformance. That’s exactly what the primary strategies of his $15.2 billion (assets) The London Company have delivered. By outperforming in down markets more than it underperforms in up markets, its Income Equity strategy, for example, has since 1999 earned a net annualized 8.9%, vs. 7.2% for the Russell 1000 Value Index.
In a market where investors appear to be increasingly fearful, Goddard and co-portfolio manager Sam Hutchings are finding what they consider downside-protected opportunity today in such varied areas as coffee shops, videogames, industrial gases and financial technology…”