- Category: Press Releases
Greenfield Seitz hired by bank to run Large Cap Growth Equities
Greenfield Seitz Capital Management, (www.gscapital.net) an employee owned investment manager based in Dallas, Texas announced today that they were awarded a $65 million Large Cap growth allocation with a local bank.
Dallas, TX, February 1, 2011 – Greenfield Seitz Capital management (GSCM) employs a company specific, GARP approach, with a focus on the quality of management. They look for companies that have demonstrated consistent and meaningful earnings growth over time and apply strict valuation measures to confirm their valuation belief. The emphasis is on finding attractive, well-run companies and not attempting to match or beat an index.
Investing in companies with excellent management, long histories of earnings growth and conservative accounting has helped them to avoid some of the downside volatility of investing in equities. Their portfolio taken in aggregate is currently comprised of global companies with above average return on equity (ROE), above average earnings growth, low debt, and average/low valuations. This strategy has been in place since 1964 and has proven to be extremely tax efficient as well as beating the S&P 500 Index for each of the past 11 years in a row. Being named as overall PSN Top Gun Manager of the Decade for 2000 – 2010 and again as PSN Top GUN of the Quarter for 2Q10 is proof that the process is definitely working.
“GSCM possesses the rare ability to marry a top-down, macroeconomic viewpoint with deep dive fundamental analysis. These skills have helped them to achieve solid risk adjusted returns and to avoid many of the pitfalls that the average Large Cap Growth manager has experienced over the past decade. We found this to be a rarity amongst smaller firms in this space, and their size will allow Greenfield to better service our clients. When we weighed all of these facts together, GSCM was the clear choice for our Large Cap Growth allocation.” -- Brad R. Sanders, CFA, Chief Investment Strategist, III:I Financial Management Research.
“We are pleased that FMR believes in us and shares our mentality towards long-term investing and doing what is best for the client. We look forward to working with them.” said GSCM spokesman Stuart Greenfield, CFA. “My father started this firm in 1964 and our focus on investing in high quality companies has not wavered over time. Fads come and go but our philosophy of purchasing higher quality companies at reasonable valuations has worked well for our clients for almost 50 years now.” This will be the first institutional allocation for GSCM who has managed equities exclusively for friends and family over the past 45+ years. They recently opened their doors to the public and began telling their story to select outside investors. 2010 was the 11th consecutive year for GSCM to beat S&P 500 and they were recently named Manager of the Decade (2000-2009) out of more than 1,000 equity managers by PSN Informa, an investment consulting database.
Third party marketing firm Alpha Strategies was recently hired by Greenfield Seitz and was responsible for making the introduction for this allocation.
Alpha Strategies Investment Consulting