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US Long-Term Unconstrained

Long-term alpha generation from the one of the world’s most innovative markets.

About US Long-Term Unconstrained

The strategy is designed for investors seeking sustainable long-term outperformance of the market from a high conviction portfolio, backed by proprietary and systematic fundamental research.

The strategy’s portfolio of 20-40 quality growth companies offer sustainable growth and resilience to economic uncertainty.

Our three long-term mega trends of demographic change, the future of technology and resource scarcity, guide our proprietary fundamental research and portfolio construction. This allows us to invest on multi-decade investment horizon to meet client requirements for sustainable long-term returns.

Proprietary fundamental research can identify long-term value-creating companies undervalued by the market. We elaborate on this below:

  • The market is myopic and fades returns of quality companies too fast
  • Our proprietary fundamental research framework is able to identify these companies
  • Value creating companies compound returns over the long-term

We consider portfolio construction with equal importance to the research process, employing the same high-quality data from the research process.  Here we focus on five areas – long-term thematics, company classifications, geographic revenue/profit, end user markets and industry lifecycles. These aid our understanding of the portfolio’s diversity, effectively manage risk and ensure we are positioned to capture long-term growth.

Portfolio characteristicsUS Long-Term Unconstrained
Benchmark Unconstrained (MSCI USA used for performance comparison only)
Performance objective Long-term capital appreciation
Market capitalisation Mid- and Large-Cap
Sector/country allocations Unconstrained
Number of stocks 20-40
Maximum active stock weight 10%
Portfolio turnover < 25% per annum
Inception 1 September 1983*

The characteristics shown are guidelines only and not hard limits.
* Moved from a benchmark relative North American equity strategy to an unconstrained US equity strategy on 20 December 2019

Investment team

Led by Zehrid Osmani, the team combine experience of portfolio management, specialist sector research and accountancy to identify long-term value creation.

Zehrid Osmani

Zehrid Osmani

Job title
Head of Global Long-Term Unconstrained
Experience
25 years
Amanda Whitecross

Amanda Whitecross

Job title
Portfolio Manager
Experience
29 years
Ken Hughes

Ken Hughes

Job title
Portfolio Manager
Experience
29 years
Yulia Hostede

Yulia Hofstede

Job title
Portfolio Manager
Experience
14 years
Robbie McNab

Robbie McNab

Job title
Portfolio Manager
Experience
15 years
Sam Cottrell

Sam Cottrell

Job title
Portfolio Manager/Analyst
Experience
8 years
Anna Shevkunova

Anna Shevkunova

Job title
Investment Analyst
Experience
5 years
Johnathan Regan

Jonathan Regan

Job title
Portfolio Manager
Experience
7 years
Anna Shevkunova

Jackie Cui

Job title
Investment Analyst
Experience
7 years

We focus on sustainable businesses with good compounding characteristics, backed by low disruption risk, strong pricing power, good ESG credentials and high management quality.