Overview

Christopher Smith

Team Highlights

The investment team applies the same approach to thematic idea generation and fundamental company analysis that Chris Smith has honed throughout his career.

  • Mr. Smith is supported by a dedicated risk manager/trader, four research analysts and one data analyst.
  • Several team members have previously worked together.
  • The investment team is located in New York City.

Investment Process

The team’s investment approach is based on thematic idea generation, a systematic framework for analyzing companies and proactive risk management. Utilizing this approach, the team seeks to construct a focused portfolio designed to maximize alpha while limiting downside risk over the long term.

Thematic Idea Generation

The team believes a key element in alpha generation is finding areas where the team’s views on industry fundamentals differ from consensus estimates. In this pursuit, the team seeks to identify inflections in multi-year trends which may be caused by changes in supply/demand dynamics, societal behavior, market conditions, technology, laws/regulations and business models, among other variables. The team believes these inflections are often misunderstood by market participants, and can lead to powerful re-ratings of industries and companies. After identifying a theme, the team develops a focused universe of companies to analyze more thoroughly.

Systematic Analytical Framework

The team applies a systematic framework for analyzing companies across sectors and themes, creating a repeatable and methodical decision-making process. The team’s proprietary company models focus on multi-year earnings power differentiation, expected outcome scenario analysis, return on invested capital and discounted cash flow valuations. Visual outputs are then produced through the firm's internally developed technology solutions, allowing the team to consistently evaluate positions across the portfolio.

Proactive Risk Management

The team incorporates risk management into all stages of its investment process. Metrics evaluated include crowding, correlation, volatility, stress tests, liquidity, factor analysis and macro drivers, all of which inform portfolio construction and position sizing. The team also uses various instruments, such as options, in an effort to magnify alpha and minimize downside.

  • Christopher Smith
  • Portfolio Manager
  • Thematic Fund
  • 14Years Investment
    Experience

Christopher Smith is a managing director of Artisan Partners and founding portfolio manager of the Thematic team. In this role, he is the portfolio manager for the Artisan Thematic Strategy, including Artisan Thematic Fund.

Prior to joining Artisan Partners in 2016, Mr. Smith was a senior analyst at Kingdon Capital from October 2014 to October 2016. From September 2013 to October 2014, he was the founder and portfolio manager at Centerline Investment Partners and prior thereto, he was a managing director with Karsch Capital Management. Mr. Smith holds a bachelor’s degree in finance from the Wharton School, University of Pennsylvania (summa cum laude).