Investment Strategies

Chautauqua Capital Management's International Growth and Global Growth Strategies are designed to meet the specific investment and financial goals of a variety of clients, institutions and groups including, but not limited to:

  • Individual investors
  • Endowments
  • Family offices
  • Foundations
  • Retirement plans

Our International Growth and Global Growth Strategies are best suited to minimum investments of $50 million and include between 25 and 45 stocks, carefully diversified among regions, sectors and by other factors designed to help manage risk without dilution of performance. We are pleased to provide our market insights and performance review through our most recent quarterly investment letter.

INTERNATIONAL

The Chautauqua International Growth Strategy invests in equity securities of non-U.S. companies with large market capitalizations. The strategy will normally be diversified among at least 10 countries. The strategy invests primarily in developed markets but may invest in emerging and less-developed markets. The portfolio contains high-quality companies that employ better governance and disclosure, more conservative accounting, less financial leverage, and "best-in-class" management. This reduces the risk of negative surprises and mitigates the risk of loss, which is a primary concern. In addition to generating high risk-adjusted returns, the approach creates upside market participation and downside protection.

Portfolio Construction

  • Concentrated portfolio of generally 25-35 stocks
  • Positions are typically 1-6% at the time of purchase
  • Market caps in excess of $4 billion at the time of purchase
  • Sector weights limited to 50% of portfolio
FACT SHEET   COMMENTARY  

 

Managing Partner Brian Beitner makes the case for active investment management in non-U.S. equity markets. 

Performance*

Annualized Returns (%)

 3-MonthYTD1-Year3-Year5-Year10-YearSince InceptionInception Date
Chautauqua International Growth (gross) 6.13 37.04 37.04 12.89 10.50 4.92 8.70 1/1/06
Chautauqua International Growth (net) 6.07 36.62 36.62 12.45 10.09 4.64 8.47 1/1/06
MSCI ACWI ex-U.S. GD 5.06 27.77 27.77 8.33 7.28 2.31 5.36
Excess Return (net) 1.01 8.85 8.85 4.12 2.81 2.33 3.08


Annual Total Returns (%)

 20172016201520142013201220112010200920082007
Chautauqua International Growth (gross) 37.04 -0.09 5.11 0.01 14.49 12.38 -9.85 1.52 63.39 -50.03 29.21
MSCI ACWI ex-U.S. GD 27.77 5.01 -5.25 -3.44 15.78 17.39 -13.33 11.60 42.14 -45.24 17.12

*Data as of 12/31/17

GLOBAL

The Chautauqua Global Growth Strategy invests in equity securities of both U.S. and non-U.S. companies with large market capitalizations. The strategy will normally be diversified among at least 10 different countries, including the United States. The strategy invests primarily in developed markets but may invest in emerging and less-developed markets. The portfolio contains high-quality companies that employ better governance and disclosure, more conservative accounting, less financial leverage, and “best-in-class” management. This reduces the risk of negative surprises and mitigates the risk of loss, which is a primary concern. In addition to generating high risk-adjusted returns, the approach creates upside market participation and downside protection.

Portfolio Construction

  • Concentrated portfolio of generally 35-45 stocks
  • Positions are typically 1-6% at the time of purchase
  • Market caps in excess of $4 billion at the time of purchase
  • Sector weights limited to 50% of portfolio
FACT SHEET   COMMENTARY  

 

Managing Partner Brian Beitner explains how his team analyzes events and their potential impact on the global investment environment. 

Performance*

Annualized Returns (%)

 3-MonthYTD1-Year3-Year5-Year10-YearSince InceptionInception Date
Chautauqua Global Growth (gross) 6.85 38.97 38.97 15.92 15.03 8.41 9.85 1/1/07
Chautauqua Global Growth (net) 6.39 37.63 37.63 15.12 14.31 8.01 9.48 1/1/07
MSCI ACWI GD 5.84 24.62 24.62 9.89 11.40 5.22 5.84
Excess Return (net) 0.55 13.01 13.01 5.23 2.91 2.79 3.64


Annual Total Returns (%)

20172016201520142013201220112010200920082007
Chautauqua Global Growth (gross) 38.97 2.24 9.64 8.24 19.44 15.40 -8.67 22.62 70.29 -49.38 25.32
MSCI ACWI GD 24.62 8.49 -1.84 4.71 23.44 16.80 -6.86 13.21 35.41 -41.85 12.18

*Data as of 12/31/17