General Description of Firms
Longview Partners is a specialist investment management company, focused entirely on the management of
global equity portfolios. The firm was founded in 2001. Our client base is almost entirely institutional with
clients in North America, the UK, Europe, Australia and Asia.
Longview Partners LLP is the investment management firm and its investment activities are all managed from
its London office. Longview Partners (UK) Limited is the managing member of Longview Partners LLP.
Longview Partners (UK) Limited is 100% owned by Longview Partners (Guernsey) Limited, the parent
company. Longview Partners (Guernsey) Limited is majority owned by Northill Capital, part of the B-FLEXION
Group, with the balance owned by the following individuals:
Marina Lund Chief Executive Officer (CEO) and Head of Institutional Clients
Alex Philipps Chief Investment Officer (CIO)
Paul Crinion Head of Research
Katie Moran Research Analyst, Chair of Diversity & Inclusion Committee
Jim Sellars Research Analyst
Matthew Tunna Research Analyst
Emma Davies Chief Financial Officer (CFO)
Greg Wiles Head of Operations
Mark Chapman Chair of LLP Risk Committee, Business Optimisation and Portfolio Risk Analysis
Ben Welsher Chief Operating Officer (COO)
James Williams Business Optimisation and Portfolio Risk Analysis
Amy Scupham Head of Americas* (resigned)
*Non-members of LLP
Longview Partners (Guernsey) Ltd (“Longview Guernsey”) is an investment advisor. The company is a
Guernsey limited company with its principal place of business in St. Peter Port, Guernsey. The company
commenced operations in 2001 and has been registered as an investment advisor with the SEC since
December 2007. In addition, Longview Guernsey is licensed and regulated by the Guernsey Financial Services
Commission (“GFSC”).
Longview Partners LLP (“Longview London”) is an investment advisor. It is an English limited liability
partnership, with its principal place of business in London, England. Longview London commenced operations
in the UK as Longview Partners LP in 2001. With effect from July 3, 2012, the business of Longview Partners
LP was transferred to a new legal entity, Longview Partners LLP. Longview London has been registered with
the SEC since April 2006. In addition, Longview London is also authorized and regulated by the Financial
Conduct Authority (“FCA”) of the United Kingdom.
Since June 2014, Northill Longview Holdings (Guernsey) Limited (formerly Northill Pallas Holdings (Guernsey)
Limited), part of the Northill Capital Group (“Northill”), has owned a majority shareholding in Longview.
Northill is part of the B-FLEXION Group, previously Waypoint. Ultimate controlling ownership of the B-
FLEXION Group rests with Ernesto Silvio Maurizio Bertarelli.
Longview London is the investment management firm and the firm’s investment activities are all managed
from our London office. As an investment manager we seek to consistently generate long-term alpha by
investing in a concentrated portfolio of global equities. Our bottom-up approach invests in high quality
companies with strong business fundamentals and attractive cash-based valuations.
Longview Guernsey provides account management, administration and reporting functions in addition to
overall Group risk and compliance oversight.
Within each client’s investment management agreement, Longview Guernsey delegates investment
management responsibilities to Longview London while retaining reporting and administrative functions, as
well
as oversight of Longview London.
Description of Advisory Services
Longview Partners is focused entirely on the management of a single Global Equity strategy. This can be
accessed via a separately managed account or a pooled investment vehicle (“Fund”), although this vehicle is
not available to US investors.
Longview Partners provides investment management services to sophisticated and experienced investors,
on a discretionary basis. Investment management services are provided to clients such as corporate pension
plans, government owned funds, insurance companies, pension plans of UK local authorities, sub-advisory
accounts, US states, superannuation schemes, charities, foundations and endowments, as well as pooled
investment vehicles.
The investment objective of the Global Equity strategy is to generate alpha through investing in a
concentrated portfolio of global companies. Longview Partners’ bottom-up approach invests in high quality
companies with strong business fundamentals and attractive cash-based valuations. The process is
disciplined, robust and rigorous within a detailed framework. The investment process analyses companies on
three independent Investment Criteria – Quality, Fundamentals and Valuation. To be eligible for inclusion in
the portfolio or to remain in the portfolio, a company must pass all three of these independent criteria. The
independence of the Quality and Valuation criteria ensures that no company is of such high quality that any
valuation will be accepted, and no company can ever be so cheap that Quality would be compromised.
At Longview Partners, we have an integrated approach to evaluating Environmental, Social and Governance
(ESG) risks and opportunities. Assessing the significance of environmental, social and governance related
risks and opportunities is an integral part of our bottom-up research process and considered within our
Quality rating, however ESG considerations are not Longview’s sole focus and the impact of ESG factors on
performance is not separately measured.
This investment process enables us to identify companies that we believe will generate long term sustainable
returns. It is the output of the bottom-up, index-agnostic research process that drives portfolio construction.
The portfolio is concentrated, typically investing in 35 companies whilst maintaining a focus on diversification
and the avoidance of excessive exposure to macro factors and overexposure to common business drivers.
Availability of Tailored Services for Individual Clients
Longview Partners is able to tailor its advisory services to suit most particular client objectives, performance
benchmark requirements and investment restrictions. For example, clients with segregated mandates may
impose restrictions on investing in certain securities or certain types of securities, such as tobacco or
securities from a specified country. These restrictions should not be able to have such a material effect on
the construction of the client’s portfolio that it deviates substantially relative to other client portfolios in the
Global Equity strategy. Philosophically, the portfolio is likely to have low carbon intensity relative to global
benchmarks due to the lack of exposure to oil and gas, mining, metals and deeply cyclical businesses.
Longview tends to consider such businesses to be of insufficient predictability to pass the Quality criteria.
Client Assets under Management
As at 31st December 2023, Longview Partners managed USD 17.8 billion in our Global Equity Strategy, the
firm’s single product offering and sole focus.