Team Overview The Global and International Equities team invests in listed equities globally, delivering high conviction portfolios driven from bottom up stock selection. The team also invests according to sector (Global Energy, Global Healthcare) and thematic (Global Climate Change, Global Demographics) strategies. As at 30 September, the team runs approximately $22.4 billion (including the US) with the capacity to run $60 billion.
The team is based in London and led by Alex Tedder, Head of Global and International Equities, and Simon Webber, Lead Portfolio Manager. It consists of 3 senior Portfolio Managers with combined investment experience of 50 years and 8 Global Sector Specialists with average investment experience of over 12 years.
The team's investment philosophy derives from the belief that stocks which deliver positive earnings surprise will produce superior long-term returns. The team believe in-depth fundamental research is the most reliable means of identifying such companies and seek to identify companies that are expected to deliver a positive earnings surprise over shorter and longer term time horizons.
Allied to its focus on earnings surprise, the team seeks to appraise the fundamental risk of investing based on a multi-facetted approach including operational, financial and non-financial risks. The team's bottom up analysis is supported by proprietary research into structural themes which the team believe are poorly evaluated by the market particularly in the context of their impact on company earnings e.g. demographics, climate change. Team portfolios exhibit a growth bias.
Overview of role
Global Sector Specialists are the primary source of idea generation for team portfolios.
Decision-making relies on bottom-up fundamental stock selection, driven by proprietary fundamental and macroeconomic research. The Global Sector Specialists draw on the strongest ideas generated by the 70+ in-house analysts, organised regionally by sector and located close to their markets.
The Global Sector Specialists analyse company attributes relative to global sector dynamics to find the best companies across regions that are expected to deliver forward earnings growth that will exceed the market's expectations.
Stock recommendations are formally presented by the Global Sector Specialists to the team at research meetings, with the Portfolio Managers selecting the highest conviction stocks for inclusion in portfolios.
Responsibility for decision making for the portfolios is guided by the relevant Global Sector Specialist but rests with the team's four Portfolio Managers.
Essential Skills and Attributes
Candidates will ideally have demonstrable investment experience including most recent experience in Resources (although specific sector experience is not essential for the right candidate). Candidates will have the following qualifications, skills and personal characteristics:
a thorough grounding in fundamental stock analysis, financial modelling, and in growth-oriented stock selection;
a detailed knowledge of stocks within resource sectors with a thorough perspective on the factors that drive earnings surprise in these industries. Preferably knowledge would be demonstrated from broadly-based sector experience (materials and energy) and, with a global perspective, but candidates with narrower and/or regionally-focused coverage will also be considered for the role;
a strong and demonstrable record of picking growth stocks which have added value to client portfolios;
a thorough understanding of fundamental stock risk;
real conviction in stock-picking with an eye for detail;
a strong team player, comfortable in an environment where ideas are debated and challenged;
excellent communication skills (both written and verbal) and advocacy skills such that they can make and present a compelling case for, or against, the inclusion of stocks in the portfolios;
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Internal Number: 5477224
About Schroders Investment Management
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