Value Manager Phil Davidson Sounds Like a Quant

Phil Davidson of American Century Investments takes a slow and steady approach to value investing, stressing avoiding losers as he has built nearly $33 billion in assets under management in nine mutual funds. His numbers tell the story, having delivered an annualized net return of 8 percent over the past 15 years vs. just 4.6 percent for the S&P 500 (INDEXSP:.INX).

Phil Davidson on the different styles of value investing

“There are different styles of value investing, with different outcomes in terms of volatility,” Davidson noted in a recent issue of Value Investor Insight. “We consider ourselves more at...