PORTFOLIO REVIEW MUNICIPAL EMPLOYEES’ RETIREMENT SYSTEM OF LOUISIANA JOHN P. HARLOE, CFA COLEMAN HUBBARD, CFA APRIL 18, 2019 BARROW, HANLEY, MEWHINNEY & STRAUSS, LLC 2200 Ross Avenue | 31st Floor | Dallas, TX 75201-2761 Telephone: 214.665.1900 |
[email protected] FIRM OVERVIEW BARROW, HANLEY, MEWHINNEY & STRAUSS, LLC 1 BARROW HANLEY: A LEGACY OF STABILITY STABILITY OF THE FIRM ❑ 40-Year-Old Firm, Founded in 1979 in Dallas, Texas, USA – $76 Billion AUM (3/31/19) ❑ Four-Decade History of Unique Organizational Stability ❑ Institutional Focus – Boutique Culture ❑ 99 Employees, Including 57 Investment Professionals ❑ Significant Employee Equity Ownership STABILITY OF THE PROCESS ❑ For the Past 40 Years, the BHMS Value-Oriented Approach to Stock Selection has Always Emphasized the Importance of Dividends and the Protection of Assets ❑ Our Firm’s Size and Stature Provides Direct Access to the Senior Management of Publicly-Traded Companies Worldwide Benefiting our Research ❑ BHMS has a 40-Year Record of Consistently Producing Alpha in the Large, Mid, and Small Cap Sectors of the Market with a Proven Ability to Protect Assets in Down Markets through Risk Control and Yield STABILITY OF OUR PARTNERSHIPS ❑ Uniquely Stable Client Base – 45 Clients for More than 20 Years ❑ Experienced in Management of Large Portfolios – 25+ Larger than $500 Million ❑ Serving Clients Globally: North America, Europe, Asia, Australia, Africa BARROW, HANLEY, MEWHINNEY & STRAUSS, LLC 2 BRIEF HISTORY OF BHMS Global Value Dividend 2019 Bank Loans 2018 ESG Strategies