Walnut Creek, CA, November 30, 2020—iMGP Funds, an affiliate of wealth management firm Litman Gregory Asset Management, announced the launch of its latest offering under the new iMGP name: iMGP Oldfield International Value Fund (POIVX). The fund employs a contrarian value strategy run by Oldfield Partners, and is emblematic of the iMGP mission.
Previously known as Litman Gregory Masters Funds, the fund family changed its name earlier this year to better represent its mission to identify and select high-quality managers from around the world in asset classes believed to offer the best opportunity to add value through active management. By partnering with select managers not available in U.S. mutual fund formats, iMGP seeks to offer advisors and investment professionals unique and compelling solutions for investors.
This new fund is a concentrated Europe, Australasia, Far East (EAFE) portfolio from a management team with a strong investing pedigree in an inefficient space. Led by Oldfield’s CIO Nigel Waller and Andrew Goodwin, two experienced portfolio managers who specialize in contrarian global and EAFE value investing, the fund’s objective is to achieve long-term growth of capital; that is, the increase in the value of an investment over the long term.
“We find in Oldfield Partners an experienced generalist team of value-minded investors that perform extremely thorough analyses on companies,” said Rajat Jain, a Litman Gregory Principal and the co-portfolio manager on the fund. “They seek to build layers of conservatism in their assumptions and focus on what can be known with confidence. The team’s disciplined process is supported by its culture, which emphasizes patience alongside an ongoing commitment to improvement and a learning mindset.”
The iMGP Oldfield International Value Fund is now available for purchase. For more information, view the Fund Overview.
About Litman Gregory
Founded in 1987, Litman Gregory is a nationally recognized boutique wealth management firm based in the San Francisco Bay Area. Litman Gregory Asset Management provides wealth management services with a commitment to excellent client service to individuals, multigenerational families, and nonprofits. Litman Gregory advises the iMGP Funds, provides Litman Gregory Portfolio Strategies on third-party asset management platforms, and publishes investment research and portfolio guidance for other investment advisors through Litman Gregory AdvisorIntelligence.
Monica Castillo, Litman Gregory Asset Management, (925) 253-5286, firstname.lastname@example.org