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Bruce Gordon Veaco
Fondateur chez
Focused Investors LLC
Profil
Mr. Bruce G.
Veaco is a Portfolio Manager & Analyst at Focused Investors LLC.
He co-founded the firm in 2006.
Prior to Focused Investors, Mr. Veaco spent nearly 20 years as part of the investment team at Pacific Financial Research (PFR) serving as a Principal, Portfolio Manager, and Chief Financial Officer.
While at PFR, he also was part of the portfolio management team that managed the Clipper and Clipper Focus funds.
His professional experience also includes five years as a Certified Public Accountant in the Los Angeles office of Price Waterhouse where he was an Audit Manager.
He graduated summa cum laude from the University of California, Los Angeles with a BA degree in Economics and received his MBA degree from Harvard Business School.
Postes actifs de Bruce Gordon Veaco
| Sociétés | Poste | Début |
|---|---|---|
Focused Investors LLC
 Focused Investors LLC Investment ManagersFinance FI is a research driven, fundamental, bottom-up investor that adheres to a strict discipline of concentrated value investing by constructing portfolios of 15-25 significantly undervalued companies. The firm only invests in companies selling at 20-40% discounts to the firm’s estimates of their intrinsic values. They always sell stocks once they reach their estimates of intrinsic value. | Fondateur | 01/01/2006 |
Anciens postes connus de Bruce Gordon Veaco
| Sociétés | Poste | Fin |
|---|---|---|
Pacific Financial Research, Inc.
 Pacific Financial Research, Inc. Investment Trusts/Mutual FundsMiscellaneous PFR is a bottom-up value manager with two concentrated portfolios. Unconventional Value employs a discretionary, value equity strategy. 95+ Equity employs the same discretionary, value equity strategy as Unconventional Value, but remains fully invested (cash less than five percent). PFR practices a team approach to investing, assigning two investment professionals to analyze each company. One member is appointed as a 'devil's advocate' to challenge the assumptions and conclusions of the other member. Their research entails gathering industry and company information, visiting companies and meeting with management, talking with customers, competitors and suppliers and discussing key issues with experts in the field. They build computer-based models to calculate the intrinsic value of a company. PFC then compares a detailed discounted cash flow analysis to the price a rational private buyer would pay for a similar business. Intrinsic value is the lower of these two valuations. They then focus on a sensitivity analysis of the key risks inherent in the business to refine their estimate of intrinsic value. If they are unable to completely understand the business fundamentals, they avoid investing in the company. A portfolio manager is responsible for day-to-day administration of each account. Accounts are managed identically, subject to specific client requirements. Although the portfolio manager and client service representative are the primary client contacts, over time PFC introduces each client to all members of the investment staff. | Corporate Officer/Principal | 31/12/2005 |
Pricewaterhouse LLP
 Pricewaterhouse LLP Miscellaneous Commercial ServicesCommercial Services Provides accounting services | Corporate Officer/Principal | - |
Formation de Bruce Gordon Veaco
Expériences
Fonctions occupées
Actives
Inactives
Sociétés cotées
Entreprise privées
Relations
6
Relations au 1er degré
5
Entreprises liées au 1er degré
Homme
Femme
Administrateurs
Exécutifs
Sociétés liées
| Entreprise privées | 5 |
|---|---|
Pacific Financial Research, Inc.
Pacific Financial Research, Inc. Investment Trusts/Mutual FundsMiscellaneous PFR is a bottom-up value manager with two concentrated portfolios. Unconventional Value employs a discretionary, value equity strategy. 95+ Equity employs the same discretionary, value equity strategy as Unconventional Value, but remains fully invested (cash less than five percent). PFR practices a team approach to investing, assigning two investment professionals to analyze each company. One member is appointed as a 'devil's advocate' to challenge the assumptions and conclusions of the other member. Their research entails gathering industry and company information, visiting companies and meeting with management, talking with customers, competitors and suppliers and discussing key issues with experts in the field. They build computer-based models to calculate the intrinsic value of a company. PFC then compares a detailed discounted cash flow analysis to the price a rational private buyer would pay for a similar business. Intrinsic value is the lower of these two valuations. They then focus on a sensitivity analysis of the key risks inherent in the business to refine their estimate of intrinsic value. If they are unable to completely understand the business fundamentals, they avoid investing in the company. A portfolio manager is responsible for day-to-day administration of each account. Accounts are managed identically, subject to specific client requirements. Although the portfolio manager and client service representative are the primary client contacts, over time PFC introduces each client to all members of the investment staff. | Miscellaneous |
Focused Investors LLC
Focused Investors LLC Investment ManagersFinance FI is a research driven, fundamental, bottom-up investor that adheres to a strict discipline of concentrated value investing by constructing portfolios of 15-25 significantly undervalued companies. The firm only invests in companies selling at 20-40% discounts to the firm’s estimates of their intrinsic values. They always sell stocks once they reach their estimates of intrinsic value. | Finance |
Pricewaterhouse LLP
Pricewaterhouse LLP Miscellaneous Commercial ServicesCommercial Services Provides accounting services | Commercial Services |
University of California, Los Angeles
 University of California, Los Angeles Other Consumer ServicesConsumer Services Functions as a College/University | Consumer Services |
Harvard Business School
 Harvard Business School Other Consumer ServicesConsumer Services Functions as a College/University | Consumer Services |
