Philippe Thierry Labaune

Stralem & Co.'s flagship product is their US Large-Cap Equity Strategy (LCES). The LCES invests solely in large, well run companies. They are fundamental investors who seek to invest in high quality growth businesses. Their portfolio management team conducts independent research including qualitative and quantitative review of all companies in their large-cap universe. Stralem's proprietary relative growth model is a key part of this process and is used to help with portfolio construction and risk control. This is an integrative approach that results in purchasing companies that sell at reasonable valuations relative to their earnings growth forecasts. The LCES is a long-only portfolio consisting of approximately 25 to 35 equity securities and is fully invested at all times. It typically carries approximately 5% in cash. The strategy is based on a disciplined investment process that is fundamentally driven and quantitatively enhanced. Stralem constructs portfolios by purchasing a set of fundamentally solid growth companies along with a group of companies that deliver strong cash flow. They then adjust the balance between these groups to emphasize growth or preservation of capital, depending on where they are in the market cycle. The LCES seeks to deliver strong investment performance during both up and down markets with reduced volatility by adapting portfolio construction to changing market environments. Stralem manages risk using their proprietary Relative Growth Valuation Model. At the individual stock level, the model provides a quantitative method for minimizing the risk of overpaying for growth and a strict sell discipline that reduces the risk of holding on to a security too long. At the portfolio construction level, the model provides a quantitative tool that helps in weighting the portfolio between up and down markets stocks and in balancing the categories of stocks within those sectors.

Functions as a College/University