About

River Road Asset Management was established in 2005 and provides institutional separate account and investment sub-advisory services to a broad range of domestic and international clients. The firm was founded upon a proprietary Absolute Value® investment discipline. This approach was developed by River Road’s founders and occupies a distinct niche within value investing styles.

Founded

2005

Affiliate Since

2014

Headquarters

Louisville, KY

River Road Asset Management's Products on AMG's Wealth Platform

ARDEX

River Road Dividend All Cap Value Fund

Fund Detail

ARRFX

River Road Focused Absolute Value Fund

Fund Detail

FQUAX

River Road Large Cap Value Select Fund

Fund Detail

ABIZX

River Road Mid Cap Value Fund

Fund Detail

ARSMX

River Road Small-Mid Cap Value Fund

Fund Detail

ARSVX

River Road Small Cap Value Fund

Fund Detail

Philosophy and Approach

Philosophy

River Road’s investment management is firmly anchored in the firm’s Absolute Value® philosophy. This investing approach seeks to blend the best aspects of traditional “deep” and “relative” value strategies, aiming to generate attractive, sustainable, low-volatility returns over the long term while minimizing downside portfolio risk.


Approach

Absolute Value® Investing:

  • Targets financially strong companies that generate predictable and sustainable cash flows and trade at attractive discounts (vs. challenged businesses trading at deep discounts or overvalued businesses that only appear affordable relative to higher-priced peers)
  • Employs a bottom-up portfolio construction process that avoids market and index trends
  • Focuses on less efficient areas of the equity market including small capitalization and out-of-favor securities, and securities with limited analyst coverage
  • Culture of risk management
  • River Road’s mantra, “keep mistakes small,” informs a balanced approach to diversification and a structured sell discipline that seeks to reduce portfolio volatility and the risk of permanent loss of capital

Portfolio Managers

R. Andrew Beck

CHIEF EXECUTIVE OFFICER, SENIOR PORTFOLIO MANAGER

Read full bio

J. Alex Brown

CHIEF INVESTMENT OFFICER

Read full bio

J. Justin Akin

VICE PRESIDENT, SENIOR PORTFOLIO MANAGER

Read full bio

Thomas S. Forsha, CFA

CO-CHIEF INVESTMENT OFFICER, SENIOR PORTFOLIO MANAGER

Read full bio

Daniel R. Johnson, CFA, CPA

VICE PRESIDENT, PORTFOLIO MANAGER

Read full bio

Matt W. Moran, CFA

VICE PRESIDENT, PORTFOLIO MANAGER

Read full bio

Andrew R. McIntosh, CFA

PORTFOLIO MANAGER

Read full bio

Wenjun (William) Yang, CFA

VICE PRESIDENT, PORTFOLIO MANAGER

Read full bio

Jeffrey B. Hoskins, CFA

DIRECTOR OF RESEARCH, ASSOCIATE PORTFOLIO MANAGER

Read full bio

All Affiliates

AMG’s Affiliates are high-quality independent investment management firms with entrepreneurial cultures and an investment-centric focus.