Wedgewood seeks to make investments in about 20-25 companies, with market capitalizations in excess of $5 billion, which it believes have above-average growth prospects. Wedgewood invests in businesses that it believes are market leaders with long-term sustainable competitive advantage. It patiently waits for opportunities to purchase what it believes are great businesses at attractive prices. While Wedgewood invests in growth it believes that valuation is the key to generating attractive returns over the long-term. Unlike most growth investors, Wedgewood is not a momentum investor but rather a contrarian growth investor. Wedgewood is a firm that believes in investing as opposed to trading and generally experiences portfolio turnover of less than 50% annually.
For further information on the sub-advisor, please visit www.wedgewoodpartners.com.
Named 2011 SMA Large Cap Equity Award Winner by Investment Advisor magazine and Prima Capital.
Our Portfolio Manager
David A. Rolfe
David A. Rolfe
CFA, Chief Investment Officer, Wedgewood Partners Principal of RiverPark Advisors, LLC
Wedgewood Partners (Wedgewood), a St. Louis based investment management firm, serves as the Sub-Adviser to the RiverPark/Wedgewood Fund. David A. Rolfe is the portfolio manager primarily responsible for the investment decisions of the Fund. With over 22 years of investment experience, David joined Wedgewood 18 years ago and is the architect of Wedgewood’s focused strategy. David has been the strategy’s primary portfolio manager since the product’s inception in 1993.
David holds a BA in Finance from the University of Missouri at St. Louis.