Philosophy
The goal of Lisanti’s approach is to invest in high quality companies with exceptional growth potential. Lisanti's investment philosophy has been applied in Small Cap Growth investing for the last fifteen years. The following characteristics highlight the key factors that contribute to the strategy’s continuing success:- Active stock selection is primary source of alpha
- Adept at identifying key themes early
- Invest early in highest potential growth companies
- Commitment to limit asset size
- Portfolio manager is sole decision maker
- Highly effective seller
The diverse 90-110 stock portfolio typically works to our advantage reducing risk while the thematic concentration offers an alpha potential higher than usually found in a portfolio of similar size. The objective is to deliver above average risk-adjusted returns with higher alpha and beta than the Russell 2000 growth index; and higher alpha and lower beta than industry peer groups.
