The Firm
Founded in 2015, Foresight Global is an investment boutique that utilizes an unconstrained, high conviction investment process to build global and international equity portfolios. Our investment team led by CIO Ajay Mehra embodies a performance-driven culture. We manage with a long term, value orientation and seek to mitigate risk utilizing our proprietary risk management process.
At Foresight we believe in doing first class business in a first class way. We provide bespoke, transparent money management for institutional and ultra high net worth clients. We prefer to enter into long term partnerships with clients who understand what we do and how we do it and value the significant alpha that we have been able to provide over time.
Philosophy
At Foresight Global we believe there is an important difference between a good stock and a good business. That is why our investment process is focused on rigorous fundamental analysis within a framework that weighs absolute returns with capital preservation.
We also believe that portfolio construction plays a crucial role in the investment outcome. Managers often make poor “sizing” decisions, leading to unbalanced portfolios and higher volatility. At Foresight, we strive to take the emotion out of portfolio construction by employing a proprietary rules-based process designed to isolate alpha and create a portfolio of stocks that is expected to exhibit more consistent absolute and relative performance over a market cycle.
Another core belief is that returns across global markets tend to equilibrate over time. Having an unconstrained, benchmark-agnostic approach allows us the flexibility to invest globally wherever the most value can be identified.
Prior to founding Foresight, Ajay served as Managing Director and Head of Equities at Salient Partners where he created and managed the firm’s global equity strategy. Dr. Mehra also served as Managing Director and Head of Manager and Fund Research at UBS where he rebuilt the firm’s manager and fund selection platform and advised on over $300 Billion in assets. Previously, as a Partner and Portfolio Manager at private equity firm Columbus Nova, Dr. Mehra co-managed a global macro fund and a long biased global equity fund. Prior to that, Dr. Mehra was Managing Director and Head of Equity Research for State Street Research, where he was the lead portfolio manager for a Health Sciences fund (selected as the Lipper Best Health Sciences Fund 2003 and 2004) and a Large-Cap fund. Dr. Mehra first started managing institutional money at Columbia Management Group where he was a Senior Vice President and Portfolio Manager covering Media, Telecom, and Consumer and Healthcare sectors. He started his Wall Street career at Morgan Stanley where he was the firm’s ranked Consumer Products analyst. Before coming to Wall Street, he was Assistant Professor of Strategic Management at West Virginia University’s College of Business and Economics. Dr. Mehra holds a B.S. and M.B.A. from Panjab University in Chandigarh, India and earned a Ph.D. from the University of Massachusetts, where his doctoral dissertation was selected as a finalist for the Best Dissertation award by the Academy of Management and was subsequently published as a book. He has also published numerous papers on company strategy and industry analysis in leading academic journals.