In this episode of the SMArtX 2021 Virtual Awards Webinar Series, SMArtX CEO Evan Rapoport sits down with Scott O'Gorman, Principal & Portfolio Manager at The Ithaka Group, to discuss winning Best Opportunistic/Multi-Cap Strategy in this year’s awards.
Evan and Scott talk about finding the “great growth stories of our day,” the importance of long-term investing, and why all of this is important to advisors.
About the Strategy
Ithaka seeks long‐term capital appreciation for clients by investing in high quality growth companies. They perform ongoing, proprietary, bottom‐up research on each company owned or under consideration.
Ithaka periodically runs quantitative screens against the companies in the Russell 3000 Growth in order to ensure it is casting its net wide.
A typical new idea is shared, researched and discussed among the four investment team members during twice-weekly investment meetings and in conversations outside of those meetings. This process can take a few days, a few weeks, or a few months. When the CIO becomes convinced the new stock is worthy of inclusion in Ithaka’s portfolio, he makes the final decision. Any other proposed changes to the portfolio are typically discussed among all four investment professionals, but the final decision rests with the CIO. After a new security is added to the model portfolio, it is under constant supervision to ensure it remains a buy every day.
Resources