About

Founded

2005

Headquarters

Louisville, KY

Affiliat Since

2014

About

River Road Asset Management was established in 2005 and provides institutional separate account and investment sub-advisory services to a broad range of domestic and international clients. The firm was founded upon a proprietary Absolute Value® investment discipline. This approach was developed by River Road’s founders and occupies a distinct niche within value investing styles.

AMG Funds From This Firm

ARDEX

River Road Dividend All Cap Value Fund

Seeks to provide high current income and, secondarily, long-term capital appreciation by investing primarily in a diversified, all cap portfolio of income-producing equity securities.

View Fund Details

ARRFX

River Road Focused Absolute Value Fund

Seeks to provide long-term capital appreciation by investing in a concentrated all cap portfolio of securities.

View Fund Details

ARLSX

River Road International Value Equity Fund

The Fund seeks long-term capital appreciation.

View Fund Details

FQUAX

River Road Large Cap Value Select Fund

The Fund seeks long-term capital appreciation.

View Fund Details

ABIZX

River Road Mid Cap Value Fund

The Fund seeks to provide long-term capital appreciation.

View Fund Details

ARSMX

River Road Small-Mid Cap Value Fund

Seeks to provide long-term capital appreciation by investing in a portfolio of small and mid capitalization equity securities.

View Fund Details

ARSVX

River Road Small Cap Value Fund

Seeks to provide long-term capital appreciation by investing in a portfolio of primarily small but also can invest in mid capitalization equity securities.

View Fund Details

Approach & Philosophy

Philosophy and Approach

Our Philosophy

River Road’s investment management is firmly anchored in the firm’s Absolute Value® philosophy. This investing approach seeks to blend the best aspects of traditional “deep” and “relative” value strategies, aiming to generate attractive, sustainable, low-volatility returns over the long term while minimizing downside portfolio risk.


Our Approach

Absolute Value® Investing:

  • Targets financially strong companies that generate predictable and sustainable cash flows and trade at attractive discounts (vs. challenged businesses trading at deep discounts or overvalued businesses that only appear affordable relative to higher-priced peers)
  • Employs a bottom-up portfolio construction process that avoids market and index trends
  • Focuses on less efficient areas of the equity market including small capitalization and out-of-favor securities, and securities with limited analyst coverage
  • Culture of risk management
  • River Road’s mantra, “keep mistakes small,” informs a balanced approach to diversification and a structured sell discipline that seeks to reduce portfolio volatility and the risk of permanent loss of capital

Fund Managers

Fund Managers

R. Andrew Beck

CHIEF EXECUTIVE OFFICER AND PRESIDENT

Read Full Bio

J. Alex Brown

CHIEF INVESTMENT OFFICER, PORTFOLIO MANAGER

Read Full Bio

Henry W. Sanders III, CFA

EXECUTIVE VICE PRESIDENT

Read Full Bio

James C. Shircliff, CFA

CHIEF INVESTMENT OFFICER

Read Full Bio

J. Justin Akin

VICE PRESIDENT AND PORTFOLIO MANAGER

Read Full Bio

Thomas S. Forsha, CFA

CO-CHIEF INVESTMENT OFFICER

Read Full Bio

Daniel R. Johnson, CFA, CPA

VICE PRESIDENT AND PORTFOLIO MANAGER

Read Full Bio

Matt W. Moran, CFA

VICE PRESIDENT AND PORTFOLIO MANAGER

Read Full Bio

Andrew R. McIntosh, CFA

PORTFOLIO MANAGER

Read Full Bio

Wenjun (William) Yang, CFA

VICE PRESIDENT

Read Full Bio

Jeffrey B. Hoskins, CFA

ASSOCIATE PORTFOLIO MANAGER

Read Full Bio

Insights

Insights

Equity Style Analysis: Growth vs. Value

The global investment environment has fundamentally changed. Value has shifted to outperform Growth; will the trend continue?

Read More
the-boutique-advantage-amid-volatility

The Boutique Advantage Amid Volatility

Staying invested despite short-term market swings requires emotional fortitude. Positioning your portfolio to weather ups and downs can help. The essential ingredient? Managers who excel despite challenging market conditions.

Read Blog