“We believe companies that are more profitable, better financed and faster growing than their peers will outperform over the long term.”
– Chuck Severson, CFA , Senior Portfolio Manager
Sound, Long Standing Philosophy
Our growth team has established a strong track record leveraging specialized market knowledge, a consistent management approach and proven investment experience. Senior Portfolio Manager Chuck Severson was a founding member of the Mid Cap Growth Strategy and has served as its lead manager for more than 25 years. Much of the team has spent significant time together at Baird and many of us have covered our sectors for our entire careers.
We focus on high-quality, traditional growth companies and has a strong emphasis on risk control and a long-term perspective. Our primary investment goal is to provide consistent, superior-to-market returns at a risk posture less than that of the market.
A proprietary “PRIME” model enables the team to identify companies with better growth prospects and capital structures than peers. The hallmark of this disciplined approach is to maintain a long-term perspective while investing in established companies with proven management.
Learn how the Growth Team has evolved and how its investment philosophy and process have stood the test of time.
While Robinhood trading and short squeezes commanded headlines early in the quarter, more significant events impacting markets and economic data included substantial progress on the vaccine front, a turn lower in Covid-19 cases, and the passage of a very large fiscal stimulus bill. Improving economic fundamentals lifted growth expectations as well as long-term interest rates, spurring debate about future inflation. The cumulative effect on equity markets was generally positive, with most broader stock indices rising through the year’s first three months.
Chuck Severson, CFA, and Ken Hemauer, CFA, Senior Portfolio Managers of Baird’s Mid Cap Growth Strategy, recently sat down with Mary Ellen Stanek, CFA, President of the Baird Funds.