Overview

From left to right:  Joseph Vari, David Samra, Ian McGonigle, Beini Zhou (not pictured), Anand Vasagiri (not pictured)

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 16 years of experience in global markets.
  • The investment team is located in 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

 

  • N. David Samra
  • Portfolio Manager
  • International Value Strategy
  • Managing Director
  • International Small Cap Value Strategy
  • 28Years Investment
    Experience

N. David Samra is a managing director of Artisan Partners and founding partner of the Artisan Partners International Value Team. He is lead portfolio manager of the Artisan International Value Strategy, which he has managed since its inception in July 2002, and is managing director of the Artisan International Small Cap Value Strategy. Mr. Samra also was co-portfolio manager for the Global Value strategy from its inception in July 2007 through September 2018.

Prior to joining Artisan Partners in May 2002, Mr. Samra was a portfolio manager and a senior analyst in international equities at Harris Associates LP from August 1997 through May 2002. Earlier in his career, he was a portfolio manager with Montgomery Asset Management, Global Equities Division.

Under Mr. Samra’s leadership, the team was nominated six times (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 and 2013. The team was also named EAFE Equity Investment Manager of the Year in 2015 and 2016 by Institutional Investor.

Mr. Samra holds a bachelor's degree in finance from Bentley College and a master's degree in business administration from Columbia Business School.

  • Ian P. McGonigle, CFA
  • Co-Portfolio Manager
  • International Value Strategy
  • 18Years Investment
    Experience

Ian P. McGonigle, CFA, is a managing director of Artisan Partners and a co-portfolio manager on the Artisan Partners International Value Team. In this role, he oversees the research process and conducts fundamental research as a generalist.

Prior to joining Artisan Partners in June 2009, Mr. McGonigle was a securities analyst for Eagle Capital Partners LLC. Earlier in his career, he was a research analyst and vice president for the First Eagle group of mutual funds at Arnhold and S. Bleichroeder Advisers LLC and a senior equity research analyst at Estabrook Capital Management LLC. Mr. McGonigle holds a bachelor's degree in business from Franklin & Marshall College.

  • Joseph Vari
  • Co-Portfolio Manager
  • International Value Strategy
  • 22Years Investment
    Experience

Joseph Vari is a co-portfolio manager on the Artisan Partners International Value Team. In this role, he oversees the research process and conducts fundamental research as a generalist.

Prior to joining Artisan Partners in August 2012, Mr. Vari was a generalist analyst for Hunter Global Investors. Earlier in his career, he was a research analyst for Himalaya Capital, a long/short equity fund affiliated with Tiger Management. Mr. Vari holds a bachelor's degree in history (summa cum laude) from Loyola University, a master's degree in anthropology from Columbia University Graduate School of Arts and Sciences, and a master's degree in international affairs, international finance and banking from Columbia University School of International and Public Affairs.

  • Beini Zhou, CFA
  • Co-Portfolio Manager
  • International Small Cap Value Strategy
  • 15Years Investment
    Experience

Beini Zhou, CFA, is a co-portfolio manager for the Artisan International Small Cap Value Strategy. In this role, he oversees the research process and conducts fundamental research as a generalist.

Prior to returning to Artisan Partners in September 2020, Mr. Zhou was a portfolio manager at Matthews Asia where he managed the Emerging Markets Equity and Asia Value Strategies and co-managed the Asia Small Companies Strategy. Before that, Mr. Zhou was an analyst for the Artisan International Value and Global Value strategies from 2005 to 2012. Earlier in his career, he was a product manager with Oracle, where he designed enterprise software. Mr. Zhou holds a bachelor’s degree in applied mathematics from Harvard College and a master’s degree in computer science from University of California-Berkeley. He is fluent in Mandarin.

  • Anand Vasagiri
  • Co-Portfolio Manager
  • International Small Cap Value Strategy
  • 15Years Investment
    Experience

Anand Vasagiri is a co-portfolio manager for the Artisan International Small Cap Value Strategy. In this role, he oversees the research process and conducts fundamental research as a generalist.

Prior to returning to Artisan Partners in September 2020, Mr. Vasagiri was co-head and portfolio manager for the Paradice Global Small Cap Strategy from 2010 to 2019. Before that, Mr. Vasagiri was an analyst for the Artisan International Value and Global Value strategies from 2007 to 2010. Earlier in his career, he was an investment analyst for the global emerging markets team at Pictet Asset Management. Mr. Vasagiri holds a bachelor’s degree of engineering in mechanical engineering from M.N. National Institute of Technology, India, a master’s degree in management from the Thunderbird School of Global Management (ASU) and an master’s degree in business administration from the University of Chicago Booth School of Business.