Our Story
Kiltearn Partners LLP was incorporated in 2011 by Murdo Murchison and his five founding partners, with the support of Silchester International Investors.
Kiltearn offers a single global equity program, managed with a disciplined value investment philosophy. Kiltearn's Chief Investment Officer, Murdo Murchison, was a senior investment professional with Templeton Global Advisers for 15 years, latterly as the second manager after Sir John Templeton of the firm’s flagship product. Our process at Kiltearn is very much a team-orientated approach and seeks to build off, and enhance, the lessons learned during Murdo’s time at Templeton. We have 8 investment professionals devoted to the strategy. The formation of Kiltearn has allowed the investment team to implement a time-tested value philosophy while offering a strong alignment of interests between the partners of Kiltearn and its institutional clients.
Kiltearn’s strong alignment and firm structure supports the investment discipline through the following:
One program – We are incredibly focused.
Majority employee owned – We make all the decisions around the business.
Alignment with clients – We invest side by side with our clients in our funds.
Capacity management – We have closed the strategy when appropriate to allow for an all-cap approach. We will do so again.
We believe that the provision of thoughtful global investment skills will continue to be an important service to the investment community. Our primary goal is to deliver first-class solutions to these investment requirements through the compounding of Intrinsic Value which should lead to strong returns in our investment program. Additionally, we are focused on meeting the needs of our clients while maintaining a long-term perspective in our investment work, and in the planning and development of our offering for the years ahead.
A critical component of meeting our clients’ goals (and our goals) is maintaining our focus. Therefore, Kiltearn only manages one program – Global Value. This allows the investment team to be incredibly focused and not overburdened by managing multiple strategies and accounts.
By managing one program, our message is quite simple: We want to concentrate on doing one thing exceptionally well.
Kiltearn Partners LLP is based in Edinburgh, Scotland, with a client service/marketing office in Pittsburgh, PA.
Kiltearn’s value philosophy is focused on fundamental business valuation.
