Barrow Hanley Global Investors: An In-Depth Analysis
Barrow Hanley Global Investors: A Deep Dive into a Value Investing Powerhouse
Barrow Hanley Global Investors, a Dallas-based asset management firm, has carved a niche for itself as a leading proponent of value-oriented investment strategies. With a history spanning over four decades, the firm has navigated multiple market cycles, consistently delivering value to its clients through a disciplined and research-driven approach. This in-depth article explores every facet of Barrow Hanley Global Investors, from its storied history and investment philosophy to its funds, leadership, and commitment to responsible investing. Whether you are an institutional investor, a financial advisor, or simply an individual interested in the world of finance, this comprehensive guide will provide you with a detailed understanding of what makes Barrow Hanley a standout name in the global investment landscape.
The Bedrock of Value: The History of Barrow Hanley Global Investors
Founded in 1979 in the heart of Dallas, Texas, Barrow Hanley Global Investors was established with a clear and unwavering mission: to provide superior investment returns by identifying and investing in undervalued securities. The firm’s founders, brought together by a shared belief in the power of value investing, laid the groundwork for a culture of deep fundamental research, disciplined decision-making, and a long-term perspective.
From its inception, Barrow Hanley distinguished itself from the broader market by shunning momentum-driven strategies and short-term speculation. Instead, the firm focused on a meticulous, bottom-up approach to security selection, seeking out companies that were trading at a significant discount to their intrinsic value. This commitment to value has remained the cornerstone of the firm’s philosophy throughout its more than 40-year history.
A pivotal moment in the firm’s journey came in November 2020, when it entered into a strategic partnership with Perpetual Limited, a leading Australian financial services firm. Perpetual acquired a 75% stake in Barrow Hanley, a move that provided the Dallas-based firm with access to a broader global distribution network, particularly in the Australian, Asian, and Pan-Pacific regions. This partnership has allowed Barrow Hanley to expand its reach and offer its proven investment strategies to a wider range of institutional and retail investors, while still maintaining its investment autonomy and boutique culture.
Despite its growth and evolution, Barrow Hanley has never strayed from its core principles. The firm’s culture is characterized by a collaborative and investment-driven environment, where intellectual curiosity and rigorous debate are encouraged. The stability of its investment team, many of whom have been with the firm for decades, is a testament to its strong and enduring culture. This continuity of leadership and philosophy has been a key factor in the firm’s ability to build and maintain long-term relationships with its clients, who entrust the firm with their capital, confident in its unwavering commitment to value.
The Art and Science of Value: Barrow Hanley's Investment Strategies
At the heart of Barrow Hanley’s success lies its unwavering dedication to a value-oriented investment philosophy. The firm believes that markets are often inefficient, creating opportunities to purchase securities at prices below their true worth. By conducting in-depth, fundamental research, the firm’s investment professionals seek to identify these mispriced opportunities and build portfolios that are positioned for long-term capital appreciation.
Barrow Hanley’s investment process is a blend of art and science. It begins with a quantitative screening process to identify a universe of potentially undervalued securities. This is followed by a rigorous qualitative analysis, where the firm’s analysts delve deep into the fundamentals of each company. This includes a thorough assessment of the company’s business model, competitive landscape, management team, and financial health.
The firm’s investment strategies span across two primary asset classes: equities and fixed income. Within each of these, Barrow Hanley offers a range of specialized strategies designed to meet the diverse needs of its clients.
Equity Strategies: A Global Pursuit of Value
Barrow Hanley’s equity strategies are built on a foundation of bottom-up security selection and a long-term investment horizon. The firm’s equity team seeks to construct portfolios of high-quality companies that are trading at attractive valuations. The firm’s equity offerings include:
U.S. Equity: Barrow Hanley offers a range of U.S. equity strategies, including Large Cap Value, Mid Cap Value, and Small Cap Value. These strategies are designed to provide investors with exposure to different segments of the U.S. equity market, all through a value-oriented lens.
Non-U.S. and Global Equity: Recognizing the opportunities that exist beyond the borders of the United States, Barrow Hanley offers a range of international and global equity strategies. These include Non-U.S. Value, Global Value, and Emerging Markets Value. These strategies allow investors to diversify their portfolios and tap into the growth potential of international markets.
ESG Value Equity: In response to the growing demand for sustainable investing, Barrow Hanley has developed a range of ESG (Environmental, Social, and Governance) value equity strategies. These strategies integrate ESG factors into the firm’s traditional value investing process, seeking to identify companies that are not only financially attractive but also demonstrate a commitment to sustainable business practices.
Fixed Income Strategies: A Disciplined Approach to a Total Return
Barrow Hanley’s fixed income philosophy is rooted in the belief that fixed income assets should provide a stable source of income and act as a diversifier to equity risk. The firm’s fixed income team employs a disciplined, research-driven approach to identify undervalued securities across the credit spectrum. The firm’s fixed income strategies include:
Multi-Sector: These strategies offer broad exposure to the fixed income market, investing in a diversified portfolio of government, corporate, and mortgage-backed securities.
Credit-Focused: These strategies focus on the corporate credit market, seeking to identify undervalued bonds and loans.
LDI & Inflation Protection: These strategies are designed to help institutional investors manage their long-term liabilities and protect their portfolios from the erosive effects of inflation.
Alternative Credit: These strategies offer exposure to less traditional areas of the fixed income market, such as bank loans and collateralized loan obligations (CLOs).
A Universe of Opportunities: Barrow Hanley's Funds
Barrow Hanley offers a range of mutual funds that provide investors with access to its various investment strategies. These funds are designed to meet the needs of a wide range of investors, from individuals to institutions. Some of the firm’s key funds include:
Barrow Hanley Global Share Fund: This fund provides investors with exposure to a diversified portfolio of global equities, all selected through the firm’s value-oriented investment process. The fund aims to provide long-term capital growth by investing in high-quality companies from around the world.
Barrow Hanley Emerging Markets Fund: This fund focuses on the equity markets of developing countries, seeking to identify undervalued companies with strong growth potential. The fund provides investors with an opportunity to participate in the dynamic growth of emerging economies.
Barrow Hanley International Value Fund: This fund invests in a portfolio of non-U.S. equities, providing investors with exposure to developed and emerging markets outside of the United States. The fund seeks to achieve long-term capital appreciation by investing in undervalued international companies.
Barrow Hanley US Value Opportunities Fund: This fund offers a flexible approach to U.S. equity investing, with the ability to invest across the market capitalization spectrum. The fund seeks to identify the most attractive value opportunities in the U.S. market, regardless of company size.
Barrow Hanley Global ESG Value Equity Fund: This fund combines the firm’s traditional value investing approach with a focus on ESG factors. The fund seeks to invest in companies that are not only financially sound but also demonstrate strong environmental, social, and governance practices.
AUM, Revenue, and a Commitment to Growth
As a leading global asset management firm, Barrow Hanley oversees a significant amount of assets for a diverse client base that includes corporate and public pension plans, mutual funds, endowments, foundations, and sovereign wealth funds. As of March 31, 2025, the firm had $51.79 billion in assets under management (AUM). This figure is a testament to the trust and confidence that investors have placed in the firm’s ability to deliver consistent, long-term returns.
While Barrow Hanley does not publicly disclose its annual revenue, the firm’s AUM provides a strong indication of its financial strength and stability. The strategic partnership with Perpetual Limited has also provided the firm with a solid platform for future growth, allowing it to expand its distribution capabilities and reach a wider audience of investors.
Responsible Investing: A Core Tenet of Barrow Hanley's Philosophy
Barrow Hanley recognizes that responsible investing is not just a trend but a fundamental aspect of sound investment management. The firm is a signatory to the United Nations-supported Principles for Responsible Investment (PRI), the Investor Stewardship Group (ISG), and an Alliance member of the International Financial Reporting Standards (IFRS) Sustainability Alliance. These affiliations underscore the firm’s commitment to integrating environmental, social, and governance (ESG) factors into its investment process.
The firm’s approach to responsible investing is guided by a comprehensive policy that outlines its framework for identifying and assessing ESG risks and opportunities. Barrow Hanley believes that companies with strong ESG practices are more likely to be sustainable and profitable in the long run. The firm’s investment professionals incorporate ESG analysis into their fundamental research, seeking to identify companies that are not only financially attractive but also demonstrate a commitment to responsible business practices.
The firm’s internal ESG scoring system, which ranges from 40 to 80, allows it to quantitatively assess the ESG performance of companies. This, combined with qualitative analysis, enables the firm to make informed investment decisions that align with its commitment to responsible investing.
Barrow Hanley is also an active owner, engaging with the management teams of the companies in which it invests to promote positive change. The firm believes that by partnering with companies, it can help them mitigate risks, improve their performance, and create long-term value for shareholders.
A Partnership for the Future: Perpetual Limited
The strategic partnership with Perpetual Limited has been a transformative event for Barrow Hanley. The partnership has provided the firm with the resources and support it needs to continue to grow and thrive in an increasingly competitive global investment landscape.
Perpetual Limited is a diversified financial services company that has been serving Australians for over 130 years. The company has a long and proud history of providing its clients with high-quality investment and wealth management solutions. The acquisition of a majority stake in Barrow Hanley was a strategic move for Perpetual, as it allowed the company to expand its global footprint and gain access to a world-class value investing capability.
The partnership has been a win-win for both firms. Barrow Hanley has benefited from Perpetual’s global distribution network and financial strength, while Perpetual has gained a highly respected and successful investment partner. The partnership is a testament to the shared values and long-term vision of both firms.
A Legacy of Excellence: Awards and Recognition
Barrow Hanley’s commitment to excellence has not gone unnoticed. The firm has been recognized by the investment community for its strong performance and disciplined investment approach. In 2019, the firm was honored by Chief Investment Officer magazine as a winner in the Public Fixed Income category of its Asset Management & Servicing Awards. This award is a testament to the expertise and dedication of the firm’s fixed income team.
More recently, in May 2023, Barrow Hanley announced that it had selected SEI, a leading provider of technology and investment solutions, to migrate its core applications and infrastructure to the cloud. This move reflects the firm’s forward-looking approach to technology and its commitment to providing its clients with the best possible service.
The People Behind the Performance: Barrow Hanley's Team
At the core of Barrow Hanley’s success is its team of talented and experienced investment professionals. The firm has a team of 99 employees, including 58 investment professionals, who are dedicated to delivering superior investment results for the firm’s clients.
The firm’s investment team is characterized by its stability and depth of experience. Many of the firm’s senior investment professionals have been with the firm for decades, providing a continuity of leadership and philosophy that is rare in the investment management industry. The team’s collaborative and research-driven culture fosters an environment of intellectual curiosity and rigorous debate, which leads to better investment decisions.
The firm is led by a team of experienced executives who are committed to upholding the firm’s values and delivering on its mission. The leadership team is responsible for setting the strategic direction of the firm and ensuring that it has the resources and support it needs to succeed.
The Barrow Hanley Advantage: Why Choose a Value Investing Pioneer
In a world of ever-changing market trends and investment fads, Barrow Hanley Global Investors stands out as a beacon of stability and consistency. The firm’s unwavering commitment to value investing, its disciplined investment process, and its experienced team of investment professionals have enabled it to deliver strong, long-term returns for its clients.
Here are some of the key advantages of investing with Barrow Hanley:
A Proven Track Record: With a history spanning over four decades, Barrow Hanley has a long and successful track record of navigating multiple market cycles.
A Disciplined Investment Process: The firm’s disciplined, research-driven investment process is designed to identify undervalued securities and build portfolios that are positioned for long-term growth.
An Experienced Team: The firm’s team of experienced investment professionals is dedicated to delivering superior investment results for its clients.
A Commitment to Responsible Investing: The firm’s commitment to responsible investing ensures that its portfolios are aligned with the long-term interests of its clients and society as a whole.
A Global Perspective: With a range of global and international investment strategies, the firm provides investors with access to opportunities from around the world.
Whether you are an institutional investor seeking a long-term partner to help you achieve your investment objectives, or an individual investor looking for a reliable and disciplined approach to growing your wealth, Barrow Hanley Global Investors offers a compelling value proposition. The firm’s unwavering commitment to value, its experienced team, and its proven track record make it a standout choice in the global investment landscape.
Barrow Hanley Global Investors Leadership & Teams
Cory Martin – Chief Executive Officer / Executive Director, Portfolio Manager
Erin Sisson – Managing Director, Chief Financial Officer
Hannah Ackels – Managing Director, Chief Compliance Officer
John Barber – Managing Director, Portfolio Manager / Analyst
Patricia Barron – Executive Director, Chief Operating Officer & Head of Risk
Preston Brown – Managing Director, Portfolio Manager / Analyst
Ross Campbell – Managing Director, Responsible Investing, Portfolio Manager / Analyst
James Carpenter – Managing Director, Client Portfolio Manager
Matt Egenes – Managing Director, Head of Client Portfolio Management—Americas
Mark Giambrone – Executive Director, Head of U.S. Equities, Portfolio Manager
Coleman Hubbard – Managing Director, Portfolio Manager / Analyst
Kathrine Husvaeg – Managing Director, Head of EMEA & UK, Client Portfolio Manager
Brad Kinkelaar – Senior Managing Director, Portfolio Manager
Nick Losey – Managing Director, Portfolio Manager / Analyst
Stephanie J. Manter – Managing Director, Head of Investment Operations
Justin Martin – Managing Director, Portfolio Manager / Analyst
Scott McDonald – Senior Managing Director, Portfolio Manager
Ann-Therese O’Neill – Managing Director, Head of Distribution
Chet Paipanandiker – Managing Director, Portfolio Manager / Analyst
Terry Pelzel – Managing Director, Portfolio Manager / Analyst
Deborah Petruzzelli – Managing Director, Portfolio Manager / Analyst
Brian Quinn – Managing Director, Portfolio Manager / Analyst
Luis Rhi – Managing Director, Portfolio Manager / Analyst
Matthew Routh – Managing Director, Portfolio Manager / Analyst
DJ Taylor – Managing Director, Portfolio Manager / Analyst
Michael Trahan – Managing Director, Portfolio Manager / Analyst
TJ Unterbrink – Managing Director, CLO Structuring Portfolio Manager/Analyst
Patrik Wibom – Managing Director, Portfolio Manager / Analyst
Rand S. Wrighton – Senior Managing Director, Head of International Equities, Portfolio Manager
Sherry Zhang – Managing Director, Portfolio Manager / Analyst
Casey Cass – Director, Client Portfolio Manager
Eddie Guerra – Director, Client Portfolio Manager
Kristi Herring – Director, Head of Human Resources
Mike Hirai – Director, Institutional Business Development
Headquarters: 2200 Ross Avenue, 31st floor, Dallas, TX 75201, USA
Phone: 214-665-1900
Number of employees: 51-200
Website: www.barrowhanley.com