Effective Investment Approach
Using fundamental research, we identify high quality companies that are temporarily undervalued or out of favor. We think like business owners, holding onto companies until the market realizes their intrinsic value.
Screening for the Best
We begin the investment process by narrowing our investment universe to approximately 200-250 names by screening for market cap, liquidity and dividend yield. Then we organize the remaining companies by sector and industry, highlighting new additions to the universe. We also focus on particular sectors we feel provide the greatest margin of safety, based on our proprietary valuation methodologies that seek to uncover intrinsic value over a three to five year holding period.
Style consistency is a crucial part of an asset allocation program that helps prevent unintended and unnecessary risks in a client's total portfolio. We have historically remained consistent to our investment style in all market conditions.
Scott R. Ayres is a Vice President at The Northern Trust Company, Chicago. He is a Senior Product Manager within the asset management arm of Northern Trust.
Scott rejoined Northern Trust in 2003. He previously was Director of Institutional Investments at Banc of America Capital Management in Charlotte, North Carolina from 2000 to 2002. Prior to that, he was a Senior Product Manager at Northern Trust from 1994 to 2000. Other positions included Director of Institutional Marketing and Client Services at Signet Asset Management in Richmond, Virginia from 1990 to 1994 and Vice President of Institutional Sales for Wilmington Trust Company in Wilmington, Delaware from 1987 to 1990.
Scott received a B.A. degree in Economics from Washington College in Maryland.