At the recent Value Invest New York conference, Jennifer DeSisto, the Chief Investment Officer of Anchor Capital, presented a compelling analysis of the beauty industry, with a particular focus on Ulta Beauty. With over three decades of experience and managing a portfolio worth $7.4 billion, DeSisto brought an expert’s perspective to the discussion, offering deep insights into the evolving dynamics of the beauty sector and Ulta Beauty's market positioning.
Anchor Capital’s Investment Philosophy
DeSisto began by outlining Anchor Capital's investment philosophy, emphasizing a value-driven approach. The firm, founded in 1983 and based in Boston, focuses on high-quality companies with strong balance sheets, high returns on invested capital, and consistent growth at attractive valuations. This approach has guided their investment in Ulta...

