Large Cap Fund
Characteristics
- Market Cap >$10 Billion
- Fundamental Research on Industries & Economy
- Analysis of Company-Specific Factors (i.e. product cycles, management)
- Rigorous Valuation Screening
Strategy
All of the Buffalo equity mutual funds follow a common strategy. The first step involves the identification of fundamental trends that we believe will play out over the next three to five years. These trends must be well defined and measurable. The second step consists of identifying the companies that can potentially benefit from the continuation of these trends. Finally, a valuation and business model analysis of each company is performed. This includes fundamental analysis which focuses on firms that we believe can either sustain or grow their profit margins, have a solid management team, and have the financial strength to weather difficult economic environments.
Investment Team
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The Buffalo Large Cap Fund is managed by a team of investment professionals at Kornitzer Capital Management (KCM). The management team consists of Elizabeth Jones, MD, CFA (left), Robert Male, CFA, (center) and Grant Sarris, CFA (right).
Elizabeth Jones, MD, CFA joined KCM in 2003. She was previously a research analyst with Bank of America Capital Management. Jones received a B.S. from Georgetown University, M.D. from Vanderbilt University, and a M.B.A. from Arizona State University. She has more than 7 years of investment experience and 12 years of healthcare industry experience. Robert Male, CFA joined KCM in 1997, and is also a Portfolio Manager. Previously, Mr. Male was an equity securities analyst with USAA Investment Management Co. and Waddell & Reed mutual fund groups. He has over 21 years of investment experience. He holds an M.B.A. from Southern Methodist University and a B.S. in Business Administration from the University of Kansas. Grant Sarris, CFA joined KCM in 2003. He is a Portfolio Manager. Prior to joining KCM, he was with Waddell & Reed in Overland Park, Kansas, for 12 years. He holds a B.A. from the University of Wisconsin and an MBA from the University of Minnesota. He has over 17 years investment experience.