Strategy
US Growth Equities
The Driehaus US Growth Equities team focuses on investing in US-listed equities of public companies with market capitalizations between $100 million and $15 billion, through the Driehaus Micro Cap Growth, Driehaus Small Cap Growth, Driehaus Small/Mid Cap Growth and Driehaus Life Sciences strategies. The strategies provide investors with high active share portfolios of companies experiencing positive fundamental change in addition to exposure to positive growth inflections, earnings surprises and earnings revisions, factors that are positively correlated to alpha generation. The team is led by Jeff James who began his portfolio management career at Driehaus in 1998. He is supported by six analysts that combined have over 50 years of Driehaus research experience.
Institutional Investors
Our institutional sales team will be pleased to address questions and requests related to separately managed accounts and/or institutional commingled vehicles that employ our investment strategies.
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Driehaus Micro Cap Growth Strategy
View DetailsDriehaus Micro Cap Growth Strategy
The strategy seeks to outperform the Russell Microcap® Growth Index over full market cycles.
Facts
- Strategy Inception Date
- Jan 01, 1996
- Total Strategy Assets
As of Dec 31, 2022
- $1647M
Separately Managed Accounts
- Open to New Investors
- No
Funds
Driehaus Small Cap Growth Strategy
View DetailsDriehaus Small Cap Growth Strategy
The strategy seeks to outperform the Russell 2000® Growth Index over full market cycles.
Facts
- Strategy Inception Date
- Jan 01, 1980
- Total Strategy Assets
As of Dec 31, 2022
- $2272M
Separately Managed Accounts
- Open to New Investors
- Yes
Funds
Driehaus Small/Mid Cap Growth Strategy
View DetailsDriehaus Small/Mid Cap Growth Strategy
The strategy seeks to outperform the Russell 2500® Growth Index over full market cycles.
Facts
- Strategy Inception Date
- Feb 01, 2012
- Total Strategy Assets
As of Dec 31, 2022
- $1,154
Separately Managed Accounts
- Open to New Investors
- Yes
Funds
Driehaus Life Sciences Strategy
View DetailsDriehaus Life Sciences Strategy
The strategy intends to exploit the inefficiencies in how markets assign risk to development-stage and early-commercial stage healthcare companies.
Facts
- Strategy Inception Date
- Feb 01, 2019
- Total Strategy Assets
As of Dec 31, 2022
- $219M
Separately Managed Accounts
- Open to New Investors
- Yes
Philosophy & Process
The team employs a growth-oriented investment philosophy focusing on identifying company-specific growth inflection points and exploiting associated marketplace inefficiencies. Core to the philosophy are the beliefs that: earnings are the primary driver of equity prices over time, market expectations tend to be ‘anchored’ to historical information and points of inflection therefore introduce dislocations between market expectations and fundamentals which generate significant alpha capture opportunities. The team combines fundamental, macro/sector/industry and behavioral analysis in its investment process together with a nimble/active investment approach to quickly identify inefficiencies and generate a portfolio, which uniquely seeks to achieve superior aggregate growth rates as well as superior risk characteristics.
Featured Commentary
An Alphabet Soup of Tailwinds for Industrials
CHIPSIRAIJAA……Over the last two years, there have been several funding bills that have been passed. These include the CHIPS and Science Act (CHIPS), the Inflation Reduction Act (IRA), and the Infrastructure Investment & Jobs Act (IJAA). These three bills provide significant funding to incentive investment in the United States on a multi-year basis. A description of these bills is provided below.
How Big Pharma Merger and Acquisition (M&A) Priorities Skew the Life Sciences Investment Landscape and Create Pockets of Exploitable Inefficiency
For investments in development stage biopharma companies, we focus on companies pursuing high-probability-of-success approaches to treat large unmet needs in areas of low competitive intensity. Given the accelerating nature of innovation in biopharma as well as the number of company-creators capable of pursuing fast-follower strategies, it is reasonable to ask how such approaches can evolve without attracting substantial competition?
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