Respecting diverse viewpoints and inviting candid discussion, we challenge one another and conventional thinking in order to pursue better investment decisions.
Brandywine Global
Acting with conviction and discipline, Brandywine Global looks beyond short-term, conventional thinking to rigorously pursue long-term value across differentiated fixed income, equity and alternative solutions.
WHAT WE DO
Featured Capabilities
Our mission is to deliver superior outcomes for our clients by encouraging independent thinking and challenging one another in a culture of integrity and mutual respect.
Culture of Debate
Investing with Conviction
We look beyond short-term uncertainty to rigorously pursue long-term value.
Global Perspective
We combine expertise in value investing with a global perspective to provide differentiated solutions and investment insights.
AT A GLANCE
Our Expertise
As of 6/30/25.
65.1B (USD)
In assets under management
35+
Years of Investment experience
Our Investment Capabilities
Global Fixed Income
Value-oriented and macro- focused global bond strategies that seek to unlock the potential benefits of mean- reversion in global bond and currency markets.
- The Global Fixed Income team manages an extensive suite of active, value-based global bond strategies.
- The team's investment strategies broadly seek attractive long-term total returns by targeting undervalued investments across a global spectrum of countries, currencies, and quality ratings that the team expects to outperform given their macroeconomic outlook.
Fundamental Equity
Value-oriented equity strategies seeking attractive total return, intelligent capital allocation greater than the benchmark, and style consistency while maintaining a focus on bottom-up stock picking.
- The Fundamental Equity team manages value- oriented strategies across the full range of market capitalizations, with a focus on bottom-up analysis to identify companies with overlooked or improving fundamental strength, typically those with industry- leading characteristics as well.
Diversified Value Equity
Process-driven equity strategies that seek attractive risk-adjusted returns and downside risk management by employing extensive historical modeling and forward-looking perspectives.
- Henry Otto and Steve Tonkovich co-lead the Diversified Value Equity team, whose members average more than 16 years' experience (as of December 2023).
- Brandywine Global's Diversified Value Equity team manages process-driven strategies designed to optimize risk-adjusted returns and offer drawdown risk management.
Risk Management
At Brandywine Global, the ultimate purpose of risk management is to seek to minimize the permanent loss of client capital. Furthermore, risk management is especially important when managing across multiple sectors and asset classes that contain numerous factors potentially driving performance. There are many approaches to risk management, varying in method, complexity, and output. However, all share the common goal of making the portfolio manager keenly aware of the potential sources of future volatility. Whether it be a value-at-risk analysis, a Monte Carlo simulation1, or a key rate duration report, each of these elements has an important role in the investment process.
- Incorporated into every part of the investment process.
- A diverse range of tools is utilized to manage and monitor risk in client portfolios in an attempt to manage potential loss of capital.
- We believe risk should be optimized, not minimized.
Brandywine Global: A Reliable Framework Helps Manage Risk in Fixed Income
1. A statistical method applied in modeling the probability of different outcomes in a problem
Sustainable Investing
Brandywine Global is a signatory to the UN-supported Principles for Responsible Investment, a network of investors committed to investing responsibly and supporting a sustainable global financial system. Our status as a PRI signatory underscores our commitment to incorporating environmental, social, and governance (ESG) factors into most of our investment decision-making processes and to furthering our active ownership efforts while striving for the best possible return outcomes within our investment guidelines.
As fiduciaries and responsible stewards of our client's assets, we recognize that relevant and material ESG issues may meaningfully affect long-term performance, and that these factors can be critical components of our disciplined, integrated analysis and ongoing monitoring.
With a value orientation as a shared philosophy across investment teams, ESG research is important to our comprehensive price and information risk analyses in most cases. We carefully strike a balance between implementing a consistent approach to ESG integration and ensuring that research and analysis remain authentic to each team's distinctive investment process. Our top-down, bottom-up investment approach extends to how most of our investment teams account for ESG risks and opportunities, as these factors are assessed from at the broadest country and macro levels, down to sector and company-specific themes.
Five facets to ESG integration when applied:
| Dual Research Responsibilities | Portfolio managers and research analysts analyze both ESG factors and traditional economic and financial indicators. |
| Materiality | We evaluate material ESG issues that may impact a country's economic growth, a company's business activity, etc. |
| Proprietary ESG Methodologies: | ESG frameworks are integrated into longstanding investment processes. |
| Improving ESG Scores & Fundamentals | We examine the extent to which an entity is demonstrating improvements or deteriorations in both its economic and ESG risk profile. |
| Engagements | Sovereign and corporate engagements are additive to our research. |
Looking for more?
Visit our subsidiary Brandywine Global’s website to learn more about our investment advisor.