DSM Capital Partners, an investment management firm with USD5.6 billion in AUM, has launched a SICAV Global Growth Fund for overseas investors, designed to mirror its Global Growth Strategy.
The fund had in excess of USD 600 million in assets at the end of second quarter 2014.
Steve Memishian, co-managing partner of DSM Capital, says: “We’re pleased to make available to overseas investors the same global growth strategy we’ve employed for our domestic separately managed account clients and financial professionals.”
The fund is managed by co-managing partner Daniel Strickberger and a team of nine senior analyst/portfolio managers.
The DSM Capital investment team uses a bottom-up, idea-driven, growth style with a long-term investment horizon, coupled with a distinct valuation discipline. The team seeks to identify companies, one-by-one, which have growing businesses, impressive fundamentals, above-average profitability, and successful managements. Such companies typically have 10 per cent or better historical revenue and earnings growth, generate free cash flow, and have attractive financial returns that are stable or rising. The investment team’s macro view of the world informs both company choices and position sizes.
DSM Capital Partners is the global distributor and investment manager to the fund. RBS (Luxembourg) S.A. is the management company for the fund. Northern Trust Luxembourg Management Company SA is central administrator, domiciliary agent, and registrar and transfer agent for the fund. Northern Trust Global Services Ltd, Luxembourg Branch is the custodian.