by Jake Moeller.
Jan Willem and Maarten introduce the process and philosophy of their fund and outline how they distill a large stock universe into a compact and manageable portfolio. They explain the drivers of the fund’s performance and reveal how despite its value bias, the fund has managed to out-perform in periods with differing market drivers.
Jan and Maarten also discuss the importance of ESG criteria in the fund’s process and discuss the relative valuation of global smaller company equities.
|00:20||Tell us a little bit about Kempen the firm|
|00:52||Outline the philosophy and process of the Kempen Global Small Cap Fund|
|01:55||What is the case for small cap equities generally?|
|03:20||You have a concentrated portfolio but a large universe to choose from. Where do you start?|
|04:15||The fund has strong outperformance from inception. What is driving this given your value bias?|
|05:55||How should you portfolio perform in different types of markets?|
|06:29||What has worked well for the portfolio in 2019? What hasn’t worked so well?|
|07:29||How do you incorporate ESG criteria into your process?|
|09:00||What is the outlook for global smaller cap equities?|
Jan Willem and Maarten are chatting with Jake Moeller, Head of Lipper UK and Ireland Research at Refinitiv, in London on July 31, 2019.
Jan Willem Berghuis is Head of Kempen Small-caps. He joined Kempen Capital Management in April 2008 as senior portfolio manager. Prior to joining KCM Jan Willem worked as an analyst for the security brokerage business of Kempen & Co for 9 years.
Jan Willem has over 17 years of experience in the financial sector. He is a CFA charterholder and holds a Master’s degree in Applied Physics from the University of Groningen.
Maarten Vankan is a Senior Portfolio Manager, Kempen Global Small-caps. He joined Kempen in 2014. Prior to that he worked for 7 years as a portfolio manager and analyst for Cyrte Investments.
Prior to his tenure at Cyrte, Maarten was a portfolio manager at Aegon Asset Management and ABN AMRO Asset Management.
Maarten has a 20-year experience in the fund management industry. He is a CFA charterholder and holds a Master’s degree in Econometrics from the University of Tilburg.
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This material is provided for as market commentary and for educational purposes only and does not constitute investment research or advice. Refinitiv cannot be held responsible for any direct or incidental loss resulting from applying any of the information provided in this publication or from any other source mentioned. Please consult with a qualified professional for financial advice. The author does not own shares in this investment.
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