Longview Partners (Guernsey) LTD

Longview Partners (Guernsey) is an investment management firm that is owned by its employees. The company is based out of St. Peter Port, Channel Islands and currently operates as a subsidiary of Northill Capital LLP. Longview Partners (Guernsey) focuses on owning a concentrated number of holdings each with an absolute return objective. The company conducts its research in house and utilizes a fundamental analysis with a bottom up stock picking approach to make its investment decisions, believing that “one of the greatest tools for the management of performance risk is adequate diversification” and that the “only way to adequately ensure true diversification is to consider the commonality of the business risks across all holdings in our portfolio.” Longview Partners (Guernsey) invests on an absolute returns basis and do not use index weightings, typically owning 35 equities within the Global Equity Portfolio. The company’s investment process focuses on quality, locating efficient and effective allocation and return on investments, industry stability, and consistency and predictability of revenue; business fundamentals, comparing the companies against market expectations; and valuation, utilizing its Discounted Cash Flow Analysis. Longview Partners (Guernsey) currently has over $20 billion in total assets under management spread across 73 accounts. Almost all of the accounts are discretionary, with the 3 non-discretionary accounts totally $7.25 billion in assets. Its total number of accounts has been relatively stable, only showing moderate growth from 62 accounts in 2010, but its total amount of assets under management has grown significantly from $2.6 billion five years ago to almost eight times that amount today. The majority of its clients are pension and profit sharing plans, which alone is approximately one third of its client base, and also includes pooled investment vehicles, corporations, state or municipal government entities, high net worth individuals, charities, and insurance companies, among others, in order of decreasing clientele. The company currently offers Global Equity, its core strategy, and the Long Only Absolute Return.