GLOBAL CURRENTS INVESTMENT MANAGEMENT, LLC
Overview
TD Mutual Funds Advised
Investment Philosophy
Management Team
Adviser Reports
OverviewGlobal 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 PhilosophyA 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 | Paul D. Ehrlichman, CFA 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 | |  | Safa R. Muhtaseb, CFA 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 |
Adviser Reports Real
Audio Adviser Reports |
