Our Research Approach
An intensive effort
Our dedicated Research team, comprised of in-house analysts with industry-focused expertise, conducts deep due diligence and rigorous analyses of companies. Their extensive due diligence includes over 115 meetings per year on average with portfolio company management teams and 100 meetings per year on average with industry experts.*
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
*Data as of December 2024
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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