NEW YORK, May 11, 2016 /PRNewswire/ -- Global value investor Abhay Deshpande today announced the launch of Centerstone Investors, LLC an employee-owned asset management firm headquartered in New York. Previously, Mr. Deshpande was a Portfolio Manager at First Eagle Investment Management where he co-managed the vast majority of the firm's approximately $100 billion. Centerstone will initially offer two value-oriented strategies to retail and institutional investors.
The two risk-managed strategies are available in mutual fund and institutional separate account vehicles and will be managed by Mr. Deshpande, who serves as Chief Investment Officer of Centerstone, along with an investment team averaging 15 years of investment management experience. The strategies include the Centerstone global multi-asset strategy, focused on investing in both U.S. domestic and foreign assets and is employed by the Centerstone Investors Fund (CENTX). The related strategy, the Centerstone international strategy, is focused on investing in markets outside the U.S. and is utilized by the Centerstone International Fund (CINTX).
The strategies will be managed according to Centerstone's operating principles, which govern the firm's approach to investing in what it believes are undervalued assets to potentially derive value for clients over a long-term investment horizon, while seeking to protect against the risk of loss of principal.
"Through Centerstone we hope to address a significant need for investment strategies that effectively seek to manage risk and utilize active reserve management in an effort to preserve value for investors," said Mr. Deshpande. "It's our intention to manage Centerstone's multi-asset strategies in such a way that they can serve as core holdings for patient investors concerned with managing risk."
Most recently Mr. Deshpande served as a Portfolio Manager at First Eagle Investment Management, where he co-managed the vast majority of the firm's approximately $100 billion across strategies including the First Eagle Global Fund and First Eagle Overseas Fund. Prior to his 15-year tenure at First Eagle, Mr. Deshpande served as an investment analyst for Harris Associates' Oakmark International Fund and Oakmark International Small Cap Fund. He spent his early investing career as an analyst for Morningstar and Conservative Asset Management, the latter a Kentucky-based boutique investment advisor.
"Our objective is to own good businesses at good prices. We're investors, not speculators," said Mr. Deshpande. "By adhering to our time-tested intrinsic value methodology, it's our goal to keep our Funds nimble enough to take advantage of opportunities as they arise on behalf of our investors."
For more information about Centerstone Investors, please visit www.centerstoneinv.com.
About Centerstone Investors
Centerstone Investors is a New York-based, investment management firm founded and led by Chief Investment Officer, Abhay Deshpande. Centerstone is an investment advisor registered with the U.S. Securities and Exchange Commission. For more information, visit www.centerstoneinv.com.
The Centerstone Funds are new and have a limited history of operation. An investment in the Funds entails risk including possible loss of principal. There can be no assurance that the Funds will achieve their investment objective. In addition, the Adviser is newly formed and has not previously managed a mutual fund.
International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, or from social, economic or political instability in other nations. In emerging markets, these risks are heightened.
Investors should carefully consider the investment objectives, risks, charges and expenses of the Centerstone Funds. This and other important information about the Funds are contained in the prospectus, which can be obtained by calling 1-877-314-9006. The prospectus should be read carefully before investing. The Centerstone Funds are distributed by Northern Lights Distributors, LLC, Member FINRA/SIPC.
Centerstone Investors, LLC is not affiliated with Northern Lights Distributors, LLC.
SOURCE Centerstone Investors