KAR Small-Mid Cap Sustainable Growth SMA
- To generate attractive risk-adjusted long-term returns by investing in the stocks of U.S. small- and mid-cap growth companies with durable competitive advantages, excellent management, lower financial risk, and strong growth trajectories
- To identify businesses that are differentiated by above-average returns on capital trading at attractive valuations
We believe that purchasing high-quality businesses with competitive protections at attractive valuations will achieve excess returns over a complete market cycle.
Kayne Anderson Rudnick Investment Management, LLC
Kayne Anderson Rudnick believes that superior risk-adjusted returns may be achieved through investment in high-quality companies with market dominance, excellent management, financial strength, and consistent growth, purchased at reasonable prices.
Learn more about Kayne Anderson Rudnick Investment Management, LLC
Douglas S. Foreman, CFA
Chief Investment Officer
Industry start date: 1986
Doug Foreman is chief investment officer and a portfolio manager at Kayne Anderson Rudnick Investment Management, an investment management affiliate of Virtus Investment Partners. He is also a member of the executive management committee.
Before joining Kayne Anderson Rudnick in 2011, Mr. Foreman was director of equities at HighMark Capital Management, and before that, group managing director and chief investment officer of U.S. equities at Trust Company of the West (TCW). He began his investment career at Putnam Investments as an equity research analyst and portfolio manager.
Mr. Foreman earned a B.S. in marine engineering from The U.S. Naval Academy and an M.B.A. from Harvard University. He is a CFA® charterholder. He began working in the investment industry in 1986.
Julie Biel, CFA
Portfolio Manager and Senior Research Analyst
Industry start date: 2004
Julie Biel is a portfolio manager and a senior research analyst at Kayne Anderson Rudnick Investment Management, an investment management affiliate of Virtus Investment Partners, with primary research responsibilities for the small- and mid-capitalization technology sector.
Before joining Kayne Anderson Rudnick in 2013, Ms. Biel worked at Imperial Capital as an equity research associate. Prior to business school, Ms. Biel was an equity research associate at Merrill Lynch.
Ms. Biel earned a B.A. in economics and psychology from New York University and an M.B.A. from the University of California, Los Angeles. She is a Chartered Financial Analyst® (CFA®) charterholder. She began working in the investment industry in 2004.
Equity Securities: The market price of equity securities may be adversely affected by financial market, industry, or issuer-specific events. Focus on a particular style or on small or medium-sized companies may enhance that risk.
Limited Number of Investments: Because the portfolio has a limited number of securities, it may be more susceptible to factors adversely affecting its securities than a portfolio with a greater number of securities.
Market Volatility: Local, regional, or global events such as war, acts of terrorism, the speed of infectious illness or other public health issues, recessions, or other events could have a significant impact on the portfolio and its investments, including hampering the ability of the portfolio manager(s) to invest the portfolio's assets as intended.