Value manager

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Value manager

A manager who seeks to buy stocks that are at a discount to their "fair value" and to sell them at or in excess of that value. Often a value stock is one with a low price-to-book value ratio. Opposite of to growth stock.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Value Manager

A money manager who uses value investing, which is a strategy that seeks securities thought to be undervalued. A value manager may do this in a variety of ways, but two of the most popular are finding companies with low P/E ratios or low price-to-book ratios. In both cases, the stock price for a company is lower than its earnings per share or its asset value per share. These companies are thought to have high profit potential. Value managers disagree on the tools for value investing, but most use some form of fundamental analysis and look for companies with an underlying value of more than its price. See also: Buy and Hold.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Large-cap value managers were the best performers over a 10-year horizon, with slightly more than 64% beating their benchmark.
On the hedge fund side, he pointed out that the company's relative value managers have performed fairly well in 2015 and expect our relative value and macro managers to continue their momentum.
However, as all value managers understand too well, value can go out of favor for extremely long and painful periods of time.
Their professional services team ensures a thorough training and onboarding process, while its Business Value Managers and Customer Success Managers explore current and potential processes, implementing best practices, and ensuring user adoption.
The Integration of Sustainability Within Value Management Practices: A Study of Experienced Value Managers in the GCC Countries, Project Management Journal, 41: 50-59.
The sector has emerged in stronger shape, though, according to both stable value managers and plan consultants.
One of the great value managers, Seth Klarman of Baupost, puts it this way: " To T assume the investment opportunity sets." that are available to you today are as good (or better) than those that will present themselves next week, next month, next quarter is naive, and you need to have cash to take advantage of those new investment opportunity sets."
The negative coefficient of the standard deviation of earnings per share indicates that value managers prefer assets with smaller variance in earnings per share, which is probably an indicative of the choice for more mature companies.
The flipside is that when the global outlook looks more constructive, positive trends will be magnified by traders and create a self-fulfilling bull market that reduces volatility and overshoots what value managers argue are the "fundamentals".
Indeed, value managers are seizing the day with a few names among the most pummeled sectors this year.
Chris Ball, National Secretary of Amicus, explains: ``The problem is often that organisations value managers who adopt a buccaneering role.
Private Equities $265.5 3.8% Foreign Private Equities $118.8 1.7% Other Alternatives $48.0 0.7% Total $7,006.0 During the past year, the fund allocated $100 million each to small-cap value managers Daruma Asset Management and Phoenix Investment Counsel.