Aligned Investors is a specialized equity investment boutique within Principal Global Investors. We are long-term, completely fundamental investors. We invest in companies that have sustainable competitive advantages and owner-operator management teams, with a constant focus on valuation and reducing risk.
Superior risk-adjusted results through full market cycles
This disciplined process has consistently delivered superior risk-adjusted results through full market cycles. In fact, in 2014 Bloomberg recognized our Principal MidCap Fund for having the best risk-adjusted returns over the previous 10 years, compared to all other US equity funds of a minimum asset size.
Conviction in the power of aligned incentives
The name Aligned Investors comes from our conviction in the power of aligned incentives. This conviction is expressed in the investment process through a distinctive preference for owner-operators, or companies with an owner-operator culture. It has also led to our commitment to having substantial investments of personal money in the strategies we manage. Just as we want CEOs to have interests that are aligned with ours, we want our clients to know that our interests are aligned with theirs.
Focused boutique with the extensive resources of Principal
We have managed the MidCap strategy since our chief investment officer, Bill Nolin, took over Principal’s MidCap portfolios in 1999. Our Blue Chip strategy, which has the same people and process but invests in larger companies, began more recently in 2012. We enjoy the benefits of being a focused boutique, as well as having the full support and extensive resources provided by Principal.
”All my life I’ve been in the top 5% of my age cohort in understanding the power of incentives, and all my life I’ve underestimated them.”
– Charlie Munger, Vice Chairman of Berkshire Hathaway