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SMA Manager of the Year Jon Christensen on Valuation and Business Analysis

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(Video: Mimi Productions)

Kayne Anderson Rudnick’s Small-Cap Sustainable Growth strategy returned 26.11% in 2016, and 9.58% per year since its inception in 1998. Kayne is one of two winners in the mall-/mid-/SMID-cap equity category.

Jon Christensen, co-portfolio manager of the portfolio with Todd Beiley, said their strategy looks at businesses for the long haul. “We want to find businesses that have some sort of sustainable advantage, companies that can grow, protect and sustain over long-term economic cycles,” he said. “That comes back to business, and our task is to find high-quality businesses that can grow during good and bad times.”

Christensen said that the key to their approach is having business analysts on the team. “Valuation is important, but we need people who can understand business.”

— Read The Long Game: 2017 SMA Managers of the Year for more from this year’s winners. 


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