Overview

From left to right: Daniel O'Keefe, Michael McKinnon

Team Highlights

The investment team is composed of deeply rooted value investors who have applied the same philosophy their entire careers.

  • All team members are first and foremost analysts dedicated to finding high-quality investments across all sectors within their broadly defined areas of country responsibility.
  • The team is supported by an experienced global trading desk that averages more than 18 years of experience in global markets.
  • The investment team is located in Chicago and San Francisco.

Investment Process

The team seeks to invest in high-quality, undervalued companies with strong balance sheets and shareholder-oriented management teams.

Undervaluation

Determining the intrinsic value of a business is the heart of the team’s research process. Intrinsic value represents the amount that a buyer would pay to own a company’s future cash flows. The team seeks to invest at a significant discount to its estimate of the intrinsic value of a business.

Business Quality

The team seeks to invest in companies with histories of generating strong free cash flow, improving returns on capital and strong competitive positions in their industries.

Financial Strength

The team believes that investing in companies with strong balance sheets helps to reduce the potential for capital risk and provides company management the ability to build value when attractive opportunities are available.

Shareholder-Oriented Management

The team’s research process attempts to identify management teams with a history of building value for shareholders.

In-depth Investment Process

 

  • Daniel J. O'Keefe
  • Lead Portfolio Manager
  • Global Value and Select Equity Strategies
  • Managing Director
  • 31Years Investment
    Experience

Daniel J. O'Keefe is a managing director of Artisan Partners and founding partner of the Artisan Partners Global Value Team. He is lead portfolio manager of the Artisan Global Value and Artisan Select Equity Strategies, both of which he has managed since inception. Mr. O'Keefe also was co-portfolio manager for the International Value strategy from October 2006 through September 2018. Prior to becoming portfolio manager in 2006, Mr. O'Keefe was a research analyst for the Artisan International Value Strategy.

During this time, the team was nominated six times for fund management (in 2008, consecutively from 2011-2014, and again in 2016) for Morningstar, Inc.'s International-Stock Fund Manager of the Year award in the US and won the award in 2008 (International Value) and in 2013 (Global Value and International Value).

Prior to joining Artisan Partners in May 2002, Mr. O'Keefe was an analyst in international equities at Harris Associates LP from July 1997 through May 2002. Preceding his days at Harris Associates, he was an associate in mergers and acquisitions at BancAmerica Securities, and was an analyst with Morningstar, Inc.

Mr. O'Keefe holds a bachelor's degree in philosophy from Northwestern University.

  • Michael J. McKinnon, CFA
  • Portfolio Manager
  • Global Value and Select Equity Strategies
  • Managing Director
  • 21Years Investment
    Experience

Michael J. McKinnon, CFA, is a managing director of Artisan Partners and a portfolio manager on the Artisan Partners Global Value Team. In this role, he oversees the research process and conducts fundamental research as a generalist.

Prior to joining Artisan Partners in February 2010, Mr. McKinnon was a securities analyst at Legg Mason Capital Management for all LMCM funds. Earlier in his career, he was a research analyst for Himalaya Capital, a long/short equity fund affiliated with Tiger Management, and a senior consultant at Arthur Andersen LLP. Mr. McKinnon holds a bachelor's degree in economics and Asian studies from Tufts University, a master's degree in public administration from Harvard Kennedy School and a master's degree in business administration from Columbia Business School.