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Aligning Interests

Boutique buys businesses run by managers who have skin in the game.

Aug 21, 2018

Mentioned: Brookfield Asset Management Inc (BAM.A) , Lululemon Athletica Inc (LULU) , Meta Platforms Inc (FB) , Alphabet Inc (GOOG) , Liberty Broadband Corp (LBRDA) , Principal MidCap Institutional (PCBIX) , Amazon.com Inc (AMZN) , American Tower Corp (AMT) , TJX Companies Inc (TJX) , Costco Wholesale Corp (COST)

In every issue, Undiscovered Manager profiles a noteworthy strategy that hasn’t yet been rated by Morningstar Research Services’ manager research group.

Tucked within Principal Global Investors, which runs more than $450 billion of assets as part of Fortune 500 company Principal, is equity boutique Aligned Investors. There, chief investment officer Bill Nolin and director of research Tom Rozycki oversee a $22 billion portion.

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Laura Lallos has a position in the following securities mentioned above: AMZN, BRK.B, FB. Find out about Morningstar’s editorial policies.

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