Inside Active Podcast Interviews Chautauqua's Nate Velarde

Asset Management

Nate Velarde, a portfolio manager for the Baird Chautauqua International Growth Fund (CCWIX), was recently interviewed for Inside Active, a podcast from the Bloomberg Intelligence team. 

Nate shared how Chautauqua Capital Management applies a long-term, high-conviction strategy and focuses on opportunities that others may overlook due to short-term market noise. The in-depth discussion highlighted three core attributes the team looks for in companies, their proprietary RVR framework for evaluating positions, and why they believe non-U.S. markets continue to offer rich potential for discerning stock pickers.

Listen to the full interview on bloomberg.com

Global Market Insights

  • Time Arbitrage Advantage: Velarde emphasizes the value of looking beyond short-term market noise to uncover long-term growth opportunities. This approach allows Chautauqua to invest in companies that may be temporarily undervalued due to transient market conditions.
  • Eurozone Outlook: The team sees potential in the Eurozone, particularly if earnings rebound, supported by ECB rate cuts and German fiscal stimulus.
  • Non-U.S. Market Potential: Velarde believes international markets remain fertile ground for stock pickers, offering diverse opportunities often overlooked by U.S.-centric investors.

 Chautauqua’s Investment Philosophy

  • Long-Term, High-Conviction Strategy: Chautauqua builds concentrated portfolios around companies with enduring competitive advantages, strong management, and scalable business models.
  • Three Core Traits in Companies:
    1. Durable Competitive Advantage
    2. Strong Financials
    3. Clear Path to Long-Term Growth
  • RVR Framework: The team uses a proprietary RVR (Risk-Value-Return) framework to evaluate and weight positions, ensuring disciplined portfolio construction.

To learn more about the process or talk with a member of our team, please contact David Lubchenco.

Investors should consider the investment objectives, risks, charges and expenses of each fund carefully before investing. This and other information is found in the prospectus and summary prospectus. For a prospectus or summary prospectus, contact Baird directly at 866-442-2473. Please read the prospectus or summary prospectus carefully before investing.

There are no guarantees that any of the stocks’ share prices mentioned will increase and there is risk in any investment, including the potential for loss of principal.  

The commentary provided does not provide a complete analysis of every material fact regarding any market, industry, security or portfolio. Information in this document regarding market or economic trends, or the factors influencing historical or future performance, reflects the opinions of management as of the date of this document. These statements should not be relied upon for any other purpose.