Baird Equity Asset Management comprises focused teams of investment managers and analysts who have worked together for decades, honing their strategies across different market environments while developing unique, long-term perspectives within their investment styles. And all of our vital client relationships are supported by dedicated, knowledgeable service professionals.
Our growth team has established a strong track record leveraging specialized market knowledge, a consistent management approach and an average of 20 years' investment experience. Chuck Severson, Senior Portfolio on the Mid Cap Growth Strategy, was a founding member of the strategy over 20 years ago. The team has spent significant time together at Baird and in the sectors they cover, with many of them having covered their sector for their entire career.
The team focuses on high-quality, traditional growth companies and has a strong emphasis on risk control and a long-term perspective. The primary investment goal is to provide consistent, superior-to-market returns at a risk posture less than that of the market. The team looks for companies that have better growth prospects and capital structures than peers. The hallmark of the disciplined approach is to maintain a long-term perspective while investing in established companies with proven management.
Our value strategies are managed by a team with an average of 22 years of investment experience, much of that working together. Michelle Stevens has managed the value strategies since their inception over ten years ago.
Our Value investment philosophy is based on the belief that high-quality companies can increase in strength and value over time. The investment process consists of detailed, bottom-up research to find companies with durable, sustainable prospects such as barriers to entry, pricing power and demonstrated products and services. We seek companies with the fundamental characteristics of growth at below-premium prices. Our portfolios include companies with the potential to exceed "street" expectations yet trade at a discount to our in-house calculations.
- Baird Small Cap Value Equity Strategy
- Baird Small/Mid Cap Value Equity Strategy
- Baird SmallCap Value Fund
- Baird Small/Mid Cap Value Fund
The Baird Large Cap portfolio is subadvised by L2 Asset Management, LLC. Their decision-making process is primarily quantitative and driven by proprietary models that rank securities based on fundamental measures of value, past performance and indicators of recent positive changes. In addition to a quantitative assessment, the portfolio manager evaluates the outputs from the models based on regular fundamental analyses and uses such evaluation to identify process-oriented items to improve the model. More specifically, characteristics or items identified as potential risks or opportunities on a fundamental level are tested to see if they are actionable and can be part of a repeatable investment process.
In selecting investments, the process focuses on securities that are out of favor in the marketplace but have experienced favorable risk-adjusted returns. While the portfolio manager considers both “growth” and “value” factors in its investment processes, the selection process may have a tendency to be more value-oriented.
A division of Baird, Chautauqua Capital Management specializes in managing international and global equity portfolios with an average of 20 years' experience on the investment team.
Chautauqua’s structure and investment process are designed to generate superior risk-adjusted returns through stock selection skill. This approach emphasizes great, wealth-creating businesses that benefit from long-term trends, possess the sustainable competitive advantages to exploit those trends and can be purchased at reasonable valuations.
To capture the full benefit of stock selection skill, portfolios are invested for the long term, on a conviction-weighted basis, in a concentrated set of best-idea investments. Risks are managed through care in implementation – with an emphasis on quality, thoughtful diversification, awareness of relevant exogenous factors and the application of a forward-looking valuation discipline. We believe there is simply no better way to achieve long-term capital appreciation.
- Chautauqua Global Growth Equity Strategy
- Chautauqua International Growth Equity Strategy
- Chautauqua Global Growth Fund
- Chautauqua International Growth Fund
Baird's Specialized Asset Management (SAM) team provides customized, comprehensive equity portfolios for high-net-worth investors.
Portfolios combine high-quality companies with complementary asset classes using mutual funds and exchange-traded funds. Our easy-to-understand solutions are customizable, tax-efficient and designed to weather tough markets.