River Road Asset Management

About

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.

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ARRFX

River Road Focused Absolute Value Fund

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

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ARLSX

River Road Long-Short Fund

Seeks to provide absolute return while minimizing volatility by investing in U.S. stocks River Road expects to increase in value, and shorting stocks River Road expects to decrease in value.

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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.

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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.

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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

R. Andrew Beck

Chief Executive Officer and President

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Henry W. Sanders III, CFA

Henry W. Sanders III, CFA

Executive Vice President

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James C. Shircliff, CFA

James C. Shircliff, CFA

Chief Investment Officer

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J. Justin Akin

J. Justin Akin

Vice President and Portfolio Manager

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Thomas S. Forsha, CFA

Thomas S. Forsha, CFA

Co-Chief Investment Officer

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Daniel R. Johnson, CFA, CPA

Daniel R. Johnson, CFA, CPA

Vice President and Portfolio Manager

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Matt W. Moran, CFA

Matt W. Moran, CFA

Vice President and Portfolio Manager

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Andrew R. McIntosh, CFA

Andrew R. McIntosh, CFA

Associate Portfolio Manager

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Insights


Equity Style Analysis: Growth vs. Value

 
Recent equity growth style outperformance may be testing the resolve many investors have to remain diversified. Although it is nearly impossible to predict when and to what extent these performance and valuation trends will reverse themselves, historically they have. Rather than try to predict future trends, investors should consider remaining diversified over the long term.
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Keep Calm and Remain Diversified

 
A short- and long-term review of the power of diversification.
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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.
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