Throughout our history, compelling investments have been Southeastern's driving force.
Every decision we make is driven by where we would like to invest our own capital. Long-term clients have joined us as partners, and we have added new strategies when opportunities warranted. Likewise, we have closed in periods when qualifying investments were not available.
Southeastern Asset Management formed to take advantage of opportunities created by the 1973-74 stock market crash and bear market.
Longleaf Partners Fund created to allow all employees to invest alongside clients.
O. Mason Hawkins, CFA
Longleaf Partners Small-Cap Fund created to purchase compelling smaller-cap opportunities.
Longleaf Partners Fund temporarily closes to new investors given a limited opportunity set and elevated cash levels.
Longleaf Partners Realty Fund created to take advantage of growing universe of undervalued, publicly-traded real estate opportunities.
Southeastern Governing Principles
Longleaf Partners Small-Cap Fund closes to new investors, reflecting limited opportunity set and liquidity considerations.
Longleaf Partners Fund re-opens, after three years of being closed, as global market dislocations present new investment opportunities.
Tokyo office opened to deepen research in significantly discounted Asian companies.
Longleaf Partners International Fund created to take advantage of numerous undervalued businesses located outside of the US.
Longleaf Partners Fund temporarily closes as a result of the limited qualifying opportunity set.
Southeastern’s Global separately-managed account strategy launches when a client asks for a "best ideas" portfolio of US and Non-US businesses.
Longleaf Partners Fund re-opens as the technology bubble leaves many qualified non-tech businesses ignored and extremely discounted.
London office opened to expand our network and deepen research in compelling investment opportunities across Europe.
Longleaf Partners Realty Fund permanently closed and capital returned to shareholders as the undervalued, publicly-traded real estate universe shrinks enough to limit long-term opportunities.
Longleaf Partners Fund & Longleaf Partners International Fund temporarily close as a result of limited investment opportunities in both strategies.
Ross Glotzbach, CFA
CEO and Head of Research
Longleaf Partners International Fund re-opens as qualifying investments outside of the US become available again.
Singapore office opened to grow our network, deepen research and expand trading capabilities in Asia.
Longleaf Partners Fund re-opens as qualifying companies become discounted with the demise of the US credit and housing bubble.
G. Staley Cates, CFA
Longleaf Partners Global UCITS Fund opened to allow pooled vehicle access for Non-US investment partners.
Longleaf Partners Global Fund opened to allow pooled vehicle access for US investment partners in our Global strategy.
Asia Pacific separately managed accounts and Longleaf Partners Asia Pacific UCITS Fund opened to take advantage of compelling opportunity set in Asia, including Japan.
Concentrated European strategy created to take advantage of opportunity to constructively engage with European management teams.
Longleaf Partners Fund temporarily closes to new investors as Southeastern sells fully valued businesses and finds limited qualifying discounted companies.
Longleaf Partners Fund re-opens as market volatility set off by global fears of trade wars, geopolitical unrest and slower economic growth creates opportunity.
Concentrated European strategy permanently closed and capital returned to shareholders after cash steadily increased, and internal capital reinvested in other Longleaf Funds to take advantage of compelling opportunities.
Longleaf Partners Small-Cap Fund temporarily re-opens, as qualifying companies become more attractive amid indiscriminate selling during the COVID-19 pandemic.
Concentrated European strategy launched to take advantage of the opportunity to constructively engage with European companies and key stakeholders to address structural inefficiencies and drive positive change.
Greenwood Pine Partners, a minority-owned, mission-driven investment management firm launched with the goal to produce strong risk-adjusted returns through a US-focused, all-cap strategy, managed by PM and majority owner Brandon Arrindell, while also working to address the issue of minority underrepresentation in asset management.
Ross Glotzbach, CFA
CEO and Head of Research