Overview

From left to right: Jason White, James Hamel, Craigh Cepukenas, Matthew Kamm

Team Highlights

The investment team leverages high degrees of experience and knowledge within a disciplined investment process.

  • Investment leadership is supported by a team of 7 analysts with specific areas of industry responsibility and an average of more than 14 years of investment experience.
  • The team is supported by an experienced global trading desk that averages more than 19 years of experience in global markets.
  • The investment team is located in Milwaukee.

Investment Process

The team seeks to invest in companies that possess franchise characteristics, are benefiting from an accelerating profit cycle and are trading at a discount to the team's estimate of private market value. The team’s investment process focuses on two distinct elements—security selection and capital allocation. The team overlays its investment process with broad knowledge of the global economy.

Security Selection

The team seeks to identify companies that have franchise characteristics (e.g. low cost production capability, possession of a proprietary asset, dominant market share or a defensible brand name), are benefiting from an accelerating profit cycle and are trading at a discount to its estimate of private market value. The team looks for companies that are well positioned for long-term growth, which is driven by demand for their products and services at an early enough stage in their profit cycle to benefit from the increased cash flows produced by the emerging profit cycle.

Capital Allocation

Based on the team’s fundamental analysis of a company’s profit cycle, it divides the portfolio into three parts. GardenSM investments are small positions in the early part of their profit cycle that may warrant more sizeable allocations as their profit cycle accelerates. CropSM investments are positions that are being increased to a full weight because they are moving through the strongest part of their profit cycles. HarvestSM investments are positions that are being reduced as they near the team’s estimates of full valuation or their profit cycles begin to decelerate.

Broad Knowledge

The team overlays the security selection and capital allocation elements of its investment process with a desire to invest opportunistically across the entire global economy. The team seeks broad knowledge of the global economy in order to find growth wherever it occurs.

In-depth Investment Process

 

    • James D. Hamel, CFA
    • Portfolio Manager
    • Global Opportunities (Lead), Mid Cap, Small Cap and Global Discovery Funds
    • 20Years Investment
      Experience

    James D. Hamel, CFA, is a managing director of Artisan Partners and a portfolio manager on the Growth team. In this role, he is the lead portfolio manager for the Artisan Global Opportunities Strategy, including Artisan Global Opportunities Fund, and a portfolio manager for the Artisan U.S. Mid-Cap Growth, U.S. Small-Cap Growth and Global Discovery Strategies, including Artisan Mid Cap, Small Cap and Global Discovery Funds.

    Prior to joining Artisan Partners in May 1997, Mr. Hamel was a financial associate, cost analyst and operations manager of Kimberly-Clark Corporation from March 1990 through May 1997. He began his career at Carlson, Posten & Associates. Mr. Hamel holds a bachelor's degree in finance from the University of Minnesota-Minneapolis where he was a three-time Academic All-American.

    • Craigh A. Cepukenas, CFA
    • Portfolio Manager
    • Small Cap (Lead), Global Opportunities, Mid Cap and Global Discovery Funds
    • 28Years Investment
      Experience

    Craigh A. Cepukenas, CFA, is a managing director of Artisan Partners and a portfolio manager on the Growth team. In this role, he is the lead portfolio manager for the Artisan U.S. Small-Cap Growth Strategy, including Artisan Small Cap Fund, and a portfolio manager for the Artisan Global Opportunities, U.S. Mid-Cap Growth and Global Discovery Strategies, including Artisan Global Opportunities, Mid Cap and Global Discovery Funds.

    Prior to joining Artisan Partners in November 1995, Mr. Cepukenas was an equity research associate at Stein Roe & Farnham, where he began his career in 1989. Mr. Cepukenas holds a bachelor's degree in economics from the University of Wisconsin-Madison and a master's degree in business administration from the University of Chicago Booth School of Business.

    • Matthew H. Kamm, CFA
    • Portfolio Manager
    • Mid Cap (Lead), Global Opportunities, Small Cap and Global Discovery Funds
    • 17Years Investment
      Experience

    Matthew H. Kamm, CFA, is a managing director of Artisan Partners and a portfolio manager on the Growth team. In this role, he is the lead portfolio manager for the Artisan U.S. Mid-Cap Growth Strategy, including Artisan Mid Cap Fund, and a portfolio manager for the Artisan Global Opportunities, U.S. Small-Cap Growth and Global Discovery Strategies, including Artisan Global Opportunities, Small Cap and Global Discovery Funds.

    Prior to joining Artisan Partners in May 2003, Mr. Kamm was an associate equity research analyst at Banc of America Securities. Earlier in his career, he was a senior operations analyst for NYU Medical Center. Mr. Kamm holds a bachelor's degree in public policy from Duke University and a master's degree in business administration, with a specialty in finance and operations management, from New York University.

    • Jason L. White, CFA
    • Portfolio Manager
    • Global Discovery (Lead), Global Opportunities, Mid Cap and Small Cap Funds
    • 17Years Investment
      Experience

    Jason L. White, CFA, is a managing director of Artisan Partners and a portfolio manager on the Growth team. In this role, he is the lead portfolio manager for the Artisan Global Discovery Strategy, including Artisan Global Discovery Fund, and a portfolio manager for the Artisan Global Opportunities, U.S. Mid-Cap Growth and U.S. Small-Cap Growth Strategies, including Artisan Global Opportunities, Mid Cap and Small Cap Funds.

    Prior to joining Artisan Partners in June 2000, Mr. White was a Lieutenant in the U.S. Navy, serving aboard the USS Lake Erie as the ship's fire control officer. Mr. White holds a bachelor's degree in history from the United States Naval Academy, where he graduated with distinction.