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BBH Global Core Select In The Press
Title Author(s) Summary Date
BBH Core Select and BBH Global Core Select
Litman Gregory | Jack Chee and Alistair Savides, CFA BBH currently views equity valuations, in aggregate, as stretched, making it difficult to find companies trading at meaningful discounts to the team’s estimates of intrinsic value. In fact, the team has stated that they believe many public companies are now trading near or above their intrinsic values. For this reason, cash remains at elevated levels of around 10% in Core Select, compared to the average level in the low- to mid-single digits, and the team remains patient and committed to their valuation framework. Holding above-average cash levels may benefit the portfolio if and when the market declines and the set of investment opportunities expands.   February 2015

Archive Publications

This information is historic in nature and should not be relied on in making an investment decision.

Title Author(s) Summary Date
Margins of Safety
ValueInvestor Insight Value investors can err by lowering their business-quality standards in order to get a bargain price. That’s not a mistake Tim Hartch, Regina Lombardi and Michael Keller is likely to make. December 2013
Consuelo Mack WealthTrack Featuring Tim Hartch
WealthTrack In a wide ranging interview, host Consuelo Mack and Tim discuss why we think the market has become more challenging from a valuation perspective, BBH Core Select and BBH Global Core Select’s bottom up approach, and why we believe a concentrated portfolio works best for our investors. Bill Priest, CEO and portfolio manager of Epoch Investment Partners, is featured as well. May 2013