Fund Advisers
GLOBAL CURRENTS INVESTMENT MANAGEMENT, LLC
Overview
TD Mutual Funds Advised
Investment Philosophy
Management Team
Adviser Reports
Overview
Global Currents has broad-based experience in global equities, which has been gained by managing global value equity strategies for over ten years. Founded by a group of portfolio managers, the organization maintains objectives of achieving steady asset growth through successful investment management and top quality service. The global investment team's key members average 17 years' industry experience and leverage a research process that enables the team to evaluate companies with a truly global perspective. A team approach is applied across investment management, client services and account administration -- with all professionals seeking to exceed the expectations of clients. The firm is a wholly owned affiliate of Legg Mason, Inc. but operates independently from its headquarters in Wilmington, DE.
Global Currents is a true value manager. Their philosophy is grounded in the fact that value stocks have outperformed the market over full market cycles and that a disciplined bottom-up approach allows a skilled investor to capture potential additional return premium. To manage company-specific risk, they look to buy only those stocks that are at the lower end of their historical valuation ranges and have significant catalysts to spur future growth. This ‘time-tested’ approach can provide excellent risk-adjusted returns over full investment cycles, and it is a particularly important strategy in today’s global markets.
TD Mutual Funds Advised
Investment Philosophy
A team approach is the hallmark of the investment team’s consistent performance in this asset class. The investment team employs a ‘global’ investment process – centered on a team approach that leverages the intellectual creativity fostered between research analysts and portfolio managers working together to build and maintain an ‘optimal’ global equity portfolio. The team concentrates on a ‘bottoms-up’ analysis that uses cutting edge quantitative systems to filter the global investment universe, before conducting fundamental company research into likely portfolio candidates. Clients benefit by investing with an investment manager with global experience with resources structured in a way that enables it to research companies with a global perspective.
Global Currents investment approach benefits from the following key attributes:
- Global exposure to all markets, including emerging markets when the opportunity arises
- Active approach to stock selection, sector and country allocation
- All cap approach investing in companies with market capitalizations of over $100m
- Invest in high quality companies trading at low prices relative to intrinsic value
Management Team
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Paul D. Ehrlichman
Title: Chairman and Chief Investment Officer
Education: BSc in Finance and Quantitative Analysis, LaSalle University, Chartered Financial Analyst
Industry Experience: Since 1984
Previous Positions: Global Equity CIO, Brandywine Global; Portfolio Manager, Provident Capital Management Inc. Management Inc.
Fund(s): TD Global Value Fund
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Safa R. Muhtaseb
Title: Portfolio Manager, Managing Director
Education: MBA (Finance), University of Tennessee; BSc (cum laude) in Business Administration, Old Dominion University; Chartered Financial Analyst
Industry Experience: Since 1984
Previous Positions: Senior Portfolio Manager; Goldman Sachs Asset Management and CalPERS
Fund(s): TD Global Value Fund
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Adviser Reports
Real Audio Adviser Reports
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