Our Research Approach

At the heart of our firm is a thorough, independent research process that forms the foundation of our investment decision-making process. Experience, rigorous analysis, and sound judgment enable us to identify investment opportunities that deliver long-term value.

An intensive effort

Our research analysts are industry specialists who evaluate current and prospective portfolio companies to assess the growth potential and soundness of each business. Their due diligence process includes qualitative and quantitative analyses, thorough examinations of financial reports and regulatory filings, and regular meetings with management teams, customers, suppliers, and competitors. This deep, fundamentally oriented approach provides us with unique, first-hand knowledge of investments in your portfolio.

Uncovering value

In our experience, a company’s ability to create shareholder value over time is at the core of every successful investment. When assessing opportunities, significant emphasis is placed on a company’s:

Fundamental operating model
Financial characteristics
Industry dynamics and durability of competitive advantages
Quality of management
Ability to generate and efficiently reinvest cash
Growth potential

Research and analysis, paired with the sound judgment of our Portfolio Managers, enable us to better understand the factors that determine an investment’s success.

Our research analysts use deep fundamental research to identify companies that, in our view, have superior long-term compounding prospects, and therefore, the potential for outperformance over the long term.

Meet Our Research Team

Our Research team is comprised of experienced industry specialists with extensive backgrounds in finance and accounting. Our proprietary research effort has been a cornerstone of First Manhattan since our founding.

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