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New Guru Added: Sarah Ketterer

May 20, 2008
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GuruFocus is very glad to announce the addition of Sarah Ketterer into our List of Gurus. She is the first woman in our List of Gurus.

Ms. Ketterer is the Chief Executive Officer of Causeway since June 2001. Her firm manages more than $15 billion as of May, 2008. She is responsible for investment research in global financials and healthcare. Prior Experience From November 1996 to June 2001, Ms. Ketterer worked for the Hotchkis and Wiley division of Merrill Lynch Investment Managers ("HW-MLIM"). At HW-MLIM, she was a Managing Director and co-head of the firm's HW-MLIM International and Global Value team. Education Ms. Ketterer has a BA in Economics and Political Science from Stanford University and an MBA from the Amos Tuck School , Dartmouth College .

Sarah Ketterer focuses on global equities: International , global, and emerging market. She and her team begin with a screen of both large and mid-sized companies in the developed international markets. Their screens are applied to approximately 3,400 companies and use quantitative and value-oriented methods to find prospective stocks that meet their criteria for further analysis. Each stock also receives a "risk score" based on the additional volatility/risk it adds to the portfolio. Their final portfolio is built from those stocks with the highest expected risk-adjusted return. It will typically have 60-80 stocks that have a lower price/earnings ratio and higher dividend yield than the market.

We have updated her portfolio as of 03/31/2008 . She owns 81 stocks with total value of about $323.9 million. This portfolio does not cover other international holdings she may have, as she is not required to report these holdings.

(Premium Members: If you have built your Personalized List of Gurus, Sarah Ketterer has not been added into your list. If you have not, Sarah Ketterer is added, and you can build your Personalized List of Gurus. If you are not a Premium Member, we invite you for a 7-day FREE Trial.)

Rating: 2.3/5 (30 votes)

Comments

Laud12345
Laud12345 - 6 years ago
What's her performanc record?
john.sturges
John.sturges - 6 years ago
Ketterer has a record spanning from Oct 1990-Present of 480bps better than the EAFE. There have been 2 periods of under-performace-(mid-1997 to Mar 2000, the "High Tech Bubble" and Jun 2004-Mar 2008, the "Commodity Bubble" or whatever you would like to call it) which represent markets in which momentum traders drove market prices. Even with these periods of under-performance she generated 480bps annual excess return vs. EAFE. Her portfolio has just begun to out-perform the EAFE once again. If you believe the "Oil Bubble" has reached its peak, then her portfolio w/10%+ 12mos forward earnings yield should look attractive.
pshah19
Pshah19 - 6 years ago
Sigh!! I guess anyone with a fund to manage can become a 'guru' here......
fk
Fk - 6 years ago
You guys who are critical of her addition to gurufocus, what is it about her portfolio holdings you don't like? Looking through it, it seems pretty disciplined. If it can consistently meet or beat EAFE, and more importantly, beat EAFE in down markets, then it's doing its job very well.

batbeer2
Batbeer2 premium member - 6 years ago
The picks are simple, understandable, reasonably focussed and well diversified. I for one am happy to see that this approach can be rewarding. I wonder what the turnover of the portfolio is.

What's more she has looked at the Dutch stockmarket and picked the best ones there at bargain prices. Glad to see a guru agree.

Happy investing to All!
BMaira
BMaira - 6 years ago
I'm glad to see a woman guru! Also, has anyone read Greatest Stock Picks (ebooks version)? I'm trying to decide if it's worth my time...
Ranni
Ranni - 6 years ago
sorry offtopic, but when we see Whitney Tilson & T2 Partners in Gurufocus?
Evan
Evan - 6 years ago
Where is Peter Cundill? I thought GF was getting on that.
danielw
Danielw - 6 years ago


GuruFocus is losing its focus by including everyone with great returns. Tilson's fund doesn't even have good returns--unless I'm mistaken.
Andres.Reibel
Andres.Reibel - 6 years ago
My suggestion is to define a clear set of criteria that one has to meet before he/she can become a "Guru".

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