Cambiar’s intellectual contribution is to identify companies that have meaningful upside potential.

A unique element of the Cambiar investment discipline is our high return hurdle. All new purchases into the Cambiar portfolios must possess the potential for a 50%* return over a 1-2 year time horizon.  We typically achieve this return through a variety of contributing factors - including multiple expansion, margin improvement and dividend yield.  Clearly, we believe that future corporate developments will unfold more favorably vs. how they are anticipated by the market at the time of investment.

While recognizing that we may not achieve this return target over our desired timeframe – or at all, for that matter – we do believe that this more stringent return requirement enables our investment team to channel their research efforts in only those situations which offer the most compelling risk/return tradeoffs. 

* Cambiar's objective of selecting stocks having a potential for 50% appreciation may or may not be realized.