Investment Overview

The Eaton Vance Global Small-Cap Equity Strategy offers exposure to a broadly diversified portfolio of high quality, global small cap companies.
 

Investment Philosophy

We focus on three definable inputs - Quality, Valuation, and Time (QVT). Our focus on quality drives a preference for well entrenched franchises with durable and scalable business models, typically benefitting from either structural growth (compounders) or structural change (improvers). We believe a disciplined combination of quality in a reward-to-risk framework with a long-term mind-set can uncover sources of alpha in the broad and inefficient small cap universe.
 

Investment People

Depth, expertise & location
131 person team with an average of 17 years of experience located in London, Dublin and Boston
Supported by the broader Eaton Vance equity group with over 502 investment professionals
Analyst - driven process within a collaborative culture
High levels of accountability, with distinct lines of responsibility
1 Five investment professionals are product dedicated, while the remainder have multi-strategy responsibilities. 2 Portfolio managers, analysts, and traders including US and Global/International Equity team members.
 

Process

Bottom-up, in-depth fundamental analysis
Structured to implement our philosophy in a disciplined and repeatable reward-to-risk framework
Portfolio exercises ensure team ownership, encourage collaboration, and test biases
Ensures all research adds value — working list, wish list, research library
Clearly defined portfolio construction and risk management parameters
 

Portfolio Construction

Clearly defined portfolio construction
120-180 holdings3
Quality/core bias
Alpha driven by bottom-up stock selection
Positioned for capital preservation in addition to capital appreciation
3 The number of securities/holdings indicated is the current range typically associated with this type of account and will vary depending on account size, client parameters and market conditions prevailing at the time of investment.

Investment Team

Aidan Farrell4

Managing Director, Head of Non-US Small/Mid Capv

Non-US Consumer, Energy, Utilities, Financials

Joined investment management industry in 1996


J. Griffith Noble, CFA5

Managing Director, Co-Head of US Small/Mid Cap

US Industrials

Joined investment management industry in 1996


Mike McLean, CFA5

Managing Director, Co-Head of US Small/Mid Cap

US Consumer

Joined investment management industry in 2001


GLOBAL EQUITY ANALYSTS


Claus Roller, CFA4

London

Non-US Information Technology, REITS

Joined investment management industry in 1994


Nakaba Minai4

Tokyo

Japanese Small-Caps

Joined investment management industry in 1992


Brian Hertzog5

Boston

US Technology

Joined investment management industry in 1999


Samantha Pandolfi, CFA

London

Non-US Healthcare

Joined investment management industry in 2000


Andrew Valk, CFA5

Boston

US Utilities, REITS and Industrials

Joined investment management industry in 2004


Aaron Benedict

Boston

Energy

Joined investment management industry in 2016


Prachi Samundra5

Boston

US Banks, Insurance

Joined investment management industry in 2000


Allen Mayer, CFA4

London

Non-US Industrials, Materials

Joined investment management industry in 2012


Steven Reece, CFA4

Boston

Non-US Consumer

Joined investment management industry in 2012


Ryan Cavanaugh5

Boston

US Healthcare

Joined investment management industry in 2013


Jared Allen, CFA4

Boston

Financial

*The team is supported by two equity research associates. 4Denotes investment professionals dedicated solely to international/Global Small-Cap. 5Denotes members of the Eaton Vance US Small-Cap Investment Team.

Joined investment management industry in 2013


 

Benchmark

MSCI World Small-Cap Index