Causeway Capital On Finding Mispriced Bargains

With $44 billion of assets under management, Causeway Capital Management certainly knows how to attract and retain capital. The ability of the firm to remain relevant in the eyes of its investors no doubt has something to do with the returns achieved by its flagship Global Value Equity strategy, which earned a net annualized 10.2% since its 2001 inception, vs. 7.2% for the MSCI World Index.

Causeway Capital Management is on the lookout for quantitatively cheap stocks that upon further analysis, also appear significantly mispriced. In the March issue of Value Investor Insight, Causeway’s president and portfolio manager Harry...