Overview

From left to right: Daniel O'Keefe, David Samra

Team Highlights

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

  • The leadership team has worked together for more than 19 years.
  • 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 13 years of experience in global markets.
  • The investment team is located in San Francisco and Chicago.

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 (Lead) and Global Value Funds
    • 24Years Investment
      Experience

    N. David Samra is a managing director of Artisan Partners and founding partner of the Global Value team. He is lead portfolio manager of Artisan International Value Fund, which he has managed since the portfolio’s inception in September 2002. In addition, he is the portfolio co-manager of Artisan Global Value Fund, which he has co-managed since its inception in December 2007. 

    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 from June 1993 through August 1997. 

    Under the management of Mr. Samra and his co-founding partner, Daniel O’Keefe, the Global Value team has been 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. The team won the award for their management efforts in 2008 for Artisan International Value Fund and in 2013 for Artisan International Value Fund and Global Value Fund.

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

    • Daniel J. O'Keefe
    • Portfolio Manager
    • Global Value (Lead) and International Value Funds
    • 24Years Investment
      Experience

    Daniel J. O’Keefe is a managing director of Artisan Partners and founding partner of the Global Value team. He is lead portfolio manager of Artisan Global Value Fund, which he has managed since the portfolio’s inception in December 2007. In addition, he is the portfolio co-manager of Artisan International Value Fund, which he has co-managed since October 2006. 

    Prior to becoming portfolio manager in 2006, Mr. O’Keefe was a research analyst for the Artisan Partners Global Value Team since its inception in 2002. 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 from February 1995 through July 1997, and was an analyst with Morningstar, Inc. from June 1993 through February 1995. 

    Under the management of Mr. O’Keefe and his co-founding partner, David Samra, the Global Value team has been 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. The team won the award for their management efforts in 2008 for Artisan International Value Fund and in 2013 for Artisan International Value Fund and Global Value Fund.

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