LOS ANGELES, May 16, 2017 /PRNewswire/ -- Envestnet and Investment Advisor magazine has named Kayne Anderson Rudnick (KAR) the 2017 Separately Managed Account (SMA) Manager of the Year in the U.S. Equity Small Cap category for the KAR Small Cap Sustainable Growth strategy. The award, which was announced at the 2017 Envestnet Advisor Summit in Dallas, recognizes best-in-class managers that consistently outperform their peers over the long term, generating alpha for investors in all market cycles. KAR also received the SMA Manager of the Year Award for its Small Cap Sustainable Growth strategy in 2012.
To learn more about KAR's high conviction portfolios, visit www.kayne.com/im/client-solutions.
"We are deeply humbled to be recognized for our investment process and the continued hard work of our investment management team," said Doug Foreman, chief investment officer of KAR. "To continue to receive such recognition from a publication and provider of wealth management solutions that we hold in such high regard, speaks to the strength of our firm and of our steadfast commitment to adhering to an investment philosophy that we believe in and that has proven results."
Co-managed by Jon Christensen and Todd Beiley, the KAR Small Cap Sustainable Growth strategy employs a rigorous bottom-up approach that emphasizes deep fundamental research to invest in the highest quality small cap growth companies believed to be undervalued relative to their future growth potential. Foreman and five equity research analysts also support the strategy, and the full team has a combined 139 years of investment management experience.
KAR's investment strategy emphasizes companies with a competitive advantage, strong management and low financial risk that are able to grow over market cycles, despite their discounted valuations. The portfolios are concentrated, with low turnover; exhibit reduced volatility, as measured by standard deviation; and have better downside protection relative to their respective small cap peers.
To be eligible for the award, a manager's team must have at least three years of experience running a strategy with $200 million or more in assets. Award winners were chosen based using Envestnet | PMC's rigorous methodology for evaluating managers, which takes a variety of qualitative and quantitative criteria into consideration, such as investment process and style, performance, firm profile, customer service and tax efficiency.
Christensen attended the Envestnet Advisor Summit and accepted the award on KAR's behalf. KAR will also be featured in the July 2017 issue of Investment Advisor as part of an article on the 13th Annual SMA Manager of the Year Awards.
About Kayne Anderson Rudnick
Kayne Anderson Rudnick is a boutique investment and wealth advisory firm founded in 1984 by John Anderson (a Forbes 400 billionaire and the benefactor of UCLA's Anderson School of Management). Based in Los Angeles, the firm has $14.2 billion in assets under management. The company manages assets for corporations, endowments, foundations, public entities and high net worth individuals. With over 30 years of experience, the firm is known for its commitment to high quality in its business practices, investment strategies and wealth solutions.
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SOURCE Kayne Anderson Rudnick
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