J Stern & Co surpasses USD1bn AUM
J Stern & Co, the London and Zurich-based investment partnership, today announces that its assets under management now exceed USD1 billion after a period of significant growth.
Founded in 2012 and building on the 200-year-old banking heritage of the Stern family, J Stern & Co is a specialist investment management business running a small number of differentiated investment strategies on a global basis. Its services are targeted at institutions, charities, wealth managers, family offices, entrepreneurs and trustees.
The firm’s most established strategy is World Stars Global Equity, a concentrated large and mega-cap global equity strategy. World Stars invests in 20-30 high quality, sustainable global companies with enduring competitive advantages and a long runway of growth. The strategy has consistently outperformed the MSCI World over the last five years. The firm also manages a Multi-Asset Income strategy and an Emerging Markets Bond strategy.
The ethos of the business is built around investing in long-term quality and value following the principles espoused by the Stern family for over 60 years. The firm’s investment approach is based on intensive, fundamental in-house research and active engagement with companies.
ESG is fully integrated across both the equities and credit investment teams, and there is a deep-rooted belief in the correlation between ESG, sustainability and above-average, long-term investment returns.
Clients of the firm benefit from a strong alignment of interest with the Stern family and partners who own about 25 per cent of the assets under management.
The growth of the firm has accelerated in recent years, based on its strong investment performance, and by broadening the investment offering to include funds as well as segregated accounts. In 2019 it launched the World Stars Global Equity Fund via a Luxembourg UCITS vehicle and a Multi-Asset Income Fund via a Luxembourg RAIF. The World Stars Global Equity Fund had as at 30/4/21 assets under management of USD167 million.
Jérôme Stern, Managing Partner of J Stern & Co, says: “We are delighted to have reached this milestone for our business. The strategies we have successfully managed since launching in London in 2012 follow the same principles the Stern family has applied over three generations, and we look forward to continuing this growth.”
Christopher Rossbach, CIO and manager of the World Stars Global Equity Fund, says: “We believe a long-term approach, focusing on quality and value, and based on rigorous fundamental analysis and active ownership, is clearly the best way to invest. This has been borne out time and again, both since the inception of J Stern & Co and over the past two hundred years of the Stern family.”