Altrinsic

Altrinsic Global Advisors, LLC  |   8 Sound Shore Drive, 3rd Floor Greenwich, CT 06830   |   Phone: +1 203.661.0030   Fax: +1 203.661.7161  

Our Process

Altrinsic's investment team seeks to deliver on its objectives by adhering to a rigorous, iterative investment process:

Sourcing Ideas:

Ideas are generated through the use of a proprietary screening process and in the course of analysts’ on-the-ground due diligence.

Fundamental Analysis:

This process begins with the long-term historical analysis of fundamental performance drivers. Altrinsic's analysts then evaluate management capabilities, strategy, and execution, and they forecast pro forma cash flows, using normalized profitability measures. Intrinsic value is determined through the application of multiple valuation measures.

Constructing the Portfolio:

Altrinsic's portfolio managers builds a portfolio of best ideas on a bottom-up, stock-by-stock basis. Region, industry, and market capitalization exposures are residuals of this company-specific approach, as evaluated by the Altrinsic investment team.

Managing Risk:

Risk management is applied throughout the firm's investment process at both the fundamental security level and the portfolio level.

This leads to two types of opportunities

Altrinsic seeks to identify opportunities at the intersection of the three variables that drive stock price. As illustrated, the significance the investment team places on these variables is indicated by their size. This process leads to two types of companies; the proportion of these two types of stocks in the portfolio is a function of the opportunities presented by the global marketplace at given points in time:

  • Type 1) Undervalued businesses with strong and sustainable financial productivity
  • Type 2) Undervalued businesses with profitability levels that will increase from depressed levels