Founded
2005
AMG Affiliate Since
2014
Investment Discipline
River Road’s investment philosophy is based upon its proprietary Absolute Value® approach initially developed by the firm’s co-founders. The objective of Absolute Value® investing is to generate attractive, sustainable, low volatility returns over the long term, with an emphasis on minimizing downside portfolio risk.
River Road’s Absolute Value® discipline incorporates what its founders believe to be the most proven and enduring principles of value equity investing, with a specific avoidance of the pitfalls associated with common “Deep Value” and “Relative Value” investment styles.
The Firm
River Road was founded in 2005 and is based in Louisville, Kentucky. The firm is led by R. Andrew Beck (President & CEO, Senior Portfolio Manager); James C. Shircliff, CFA (Chief Investment Officer); Henry W. Sanders III, CFA (Executive Vice President & Senior Portfolio Manager); and Thomas D. Mueller (Chief Operating Officer and Chief Compliance Officer). River Road’s diverse client base includes mutual funds, endowments, foundations, retirement plan sponsors, and corporations.
Investment Strategies
- Small Cap Value
- Small-Mid Cap Value
- Dividend All-Cap Value
- Dividend All-Cap Value II
- Long-Short Equity
- Focused Absolute Value®
Investment Vehicles
- Separate Accounts
- U.S. Mutual Funds
Assets Under Management
| ■ Dividend All-Cap Value II | 44% |
| ■ Dividend All-Cap Value | 27% |
| ■ Small-Cap Value | 11% |
| ■ Small-Mid Cap Value | 11% |
| ■ Focused Absolute Value | 7% |
| ■ Long-Short Equity | 0% |
Percentages may not sum to 100% due to rounding; approximate breakdown subject to change.