The Select US Equity Portfolio will be managed by Kurt Feuerman using bottom-up analysis and macro views. Feuerman joined the company from New-York based hedge fund management group Caxton Associates in June last year.
AllianceBernstein said the fund’s strategy is “unconstrained by market-cap, style and sector” and that the team managing the fund will target companies characterized by factors which include:
- strong earnings growth combined with reasonable valuation,
- understandable, transparent business models and strong management teams,
- shareholder-friendly corporate actions: dividends and share buybacks,
- an upcoming catalyst like surprising earnings or investor fear dissipating.
“We continue to see great opportunities for research driven stock picking in US equities,” said Feuerman. “In our view, slowing economic growth, if it occurs, doesn’t necessarily mean bad times ahead for stocks. It would, however, have a major impact on which types of stocks outperform.
We manage the portfolio dynamically and respond by tilting towards the most advantageous opportunity set.”