About this strategy
We believe differentiated sources of long-term capital appreciation must be generated through independent thinking. We seek to invest in durable businesses whose stocks are trading at a significant discount to what we believe is their fair value, whose intrinsic value is expected to grow over time and whose management teams are aligned with shareholders.
Investment Approach
Differentiated Portfolio Construction
- Disciplined approach to find opportunities where the business model is misunderstood, assets are undervalued or growth trajectory is underappreciated by the market
- Seeks to generate capital appreciation through both the buying of a stock at a significant discount to intrinsic value and the compounding growth of a durable business
Diversifying Equity Asset
- Concentrated all-cap portfolio that may serve as a diversifying equity asset not tied to the index or broad economy
Independent Thinking
- Leverages Janus Henderson's deep fundamental research and differentiated time horizon across both the equity and fixed income teams
