Institutional Investors

Value

INVESTMENT PHILOSOPHY

LMCG’s Value team applies a classic value investment style focusing on solid companies whose stock is temporarily out of favor in the market. The strategy emphasizes companies with higher returns on capital, free cash flow and strong balance sheets. These companies often dominate a particular industry niche. Generally these industries have significant barriers to entry and, as a result, are able to perpetuate a higher return on capital over time. Additionally, the strategy will invest in more cyclical companies with somewhat lower returns on capital when the market does not currently appreciate the company’s long-term earnings. The team offers Small Cap Value and Mid Cap Value strategies.

Associated Strategies

Portfolio Management Team

  • R. Todd Vingers, CFA
    Managing Director, Value Equities

    Todd Vingers joined LMCG in June 2002 as the head of the Value team and lead portfolio manager. In October 2014, Mr. Vingers became co-portfolio manager on the Mid Cap Value portfolio. Mr. Vingers is a member of LMCG's Board of Directors. Prior to joining the firm, Mr. Vingers served as Vice President and senior portfolio manager for American Century Investments. Prior to joining American Century, he was a valuation analyst for the Hawthorne Company. He holds a BA from the University of St. Thomas and an MBA from the University of Chicago Booth School of Business. Mr. Vingers is a CFA charterholder and a member of the CFA Institute.

  • Jay C. Willadsen, CFA
    Portfolio Manager

    Jay Willadsen joined the LMCG Value team in March 2003 as a research analyst and became the co-portfolio manager on LMCG’s Mid Cap Value portfolio in October 2014. Prior to joining LMCG Jay served as a Senior Vice President for Independence Investment, LLC, an institutional asset manager located in Boston. Previously, he researched equity stocks for the Indiana University Foundation. Mr. Willadsen was also an associate national bank examiner for the Comptroller of Currency in Omaha, NE. Mr. Willadsen holds a BA from Buena Vista University and an MBA from Indiana University. He is a CFA charterholder, a member of the CFA Institute and the Boston Bank Analyst Society.

  • Timothy P. Murphy, CFA
    Analyst

    Timothy Murphy currently serves as an analyst for the Value team. He joined the firm in 2005 as an Account Administrator in the Operations group and became an analyst on the Value team in October 2006. Prior to joining the firm, Mr. Murphy spent four years at Putnam Investments in a variety of roles, most recently as a Senior Accounting Analyst. Mr. Murphy is a graduate of Connecticut College with a BA in Economics and Government. He is a CFA charterholder and a member of the CFA Institute.

  • Ryan R. Satterfield, CFA
    Analyst

    Ryan Satterfield currently serves as an analyst for the Value team. Prior to joining LMCG in 2010, he spent over five years in the Banking industry, most recently as a Commercial Lending Associate at a Synovus Financial Corporation affiliate bank. Mr. Satterfield holds a BBA from the University of Georgia and an MBA from Indiana University. He is a CFA charterholder and a member of the CFA Institute.

  • Timothy D. Buckley, CFA
    Analyst

    Timothy Buckley currently serves as an Analyst for the Value team. Prior to joining LMCG in 2014, Mr. Buckley served as an Analyst at Surveyor Capital, a hedge fund subsidiary of Citadel, and was a Portfolio Manager at Ty View Capital. Previously, he spent fourteen years as an Analyst covering small- and mid-cap stocks in the financial sector on a team most recently owned by Evercore Asset Management. Mr. Buckley also served as a corporate bond analyst at State Street Research & Management and as a financial institutions examiner at the Federal Deposit Insurance Corporation. Mr. Buckley holds a BS in Business Administration from Boston College and an MBA from the Tuck School of Business at Dartmouth. He is a CFA charterholder and a member of the CFA Institute.

Read Bio Read Bio Read Bio Read Bio Read Bio

Todd Vingers joined LMCG in June 2002 as the head of the Value team and lead portfolio manager. In October 2014, Mr. Vingers became co-portfolio manager on the Mid Cap Value portfolio. Mr. Vingers is a member of LMCG's Board of Directors. Prior to joining the firm, Mr. Vingers served as Vice President and senior portfolio manager for American Century Investments. Prior to joining American Century, he was a valuation analyst for the Hawthorne Company. He holds a BA from the University of St. Thomas and an MBA from the University of Chicago Booth School of Business. Mr. Vingers is a CFA charterholder and a member of the CFA Institute.

Jay Willadsen joined the LMCG Value team in March 2003 as a research analyst and became the co-portfolio manager on LMCG’s Mid Cap Value portfolio in October 2014. Prior to joining LMCG Jay served as a Senior Vice President for Independence Investment, LLC, an institutional asset manager located in Boston. Previously, he researched equity stocks for the Indiana University Foundation. Mr. Willadsen was also an associate national bank examiner for the Comptroller of Currency in Omaha, NE. Mr. Willadsen holds a BA from Buena Vista University and an MBA from Indiana University. He is a CFA charterholder, a member of the CFA Institute and the Boston Bank Analyst Society.

Timothy Murphy currently serves as an analyst for the Value team. He joined the firm in 2005 as an Account Administrator in the Operations group and became an analyst on the Value team in October 2006. Prior to joining the firm, Mr. Murphy spent four years at Putnam Investments in a variety of roles, most recently as a Senior Accounting Analyst. Mr. Murphy is a graduate of Connecticut College with a BA in Economics and Government. He is a CFA charterholder and a member of the CFA Institute.

Ryan Satterfield currently serves as an analyst for the Value team. Prior to joining LMCG in 2010, he spent over five years in the Banking industry, most recently as a Commercial Lending Associate at a Synovus Financial Corporation affiliate bank. Mr. Satterfield holds a BBA from the University of Georgia and an MBA from Indiana University. He is a CFA charterholder and a member of the CFA Institute.

Timothy Buckley currently serves as an Analyst for the Value team. Prior to joining LMCG in 2014, Mr. Buckley served as an Analyst at Surveyor Capital, a hedge fund subsidiary of Citadel, and was a Portfolio Manager at Ty View Capital. Previously, he spent fourteen years as an Analyst covering small- and mid-cap stocks in the financial sector on a team most recently owned by Evercore Asset Management. Mr. Buckley also served as a corporate bond analyst at State Street Research & Management and as a financial institutions examiner at the Federal Deposit Insurance Corporation. Mr. Buckley holds a BS in Business Administration from Boston College and an MBA from the Tuck School of Business at Dartmouth. He is a CFA charterholder and a member of the CFA Institute.

Small Cap Value Vehicle(s) Offered:
Separate account
Mutual Fund*

Mid Cap Value Vehicle(s) Offered:
Separate account
Mutual Fund*

*Currently offered to investors though the Touchstone Small Cap Value Fund (TVOIX, TVOCX, TVOYX, TVOAX) and the Touchstone Mid Cap Value Fund (TCVIX, TMFCX, TCVYX and TCVAX). Touchstone Small Cap Value Fund and Touchstone Mid Cap Value Fund are distributed by Touchstone Securities, Inc. (the “Distributor”). The Distributor may enter into arrangements with banks, broker-dealers and other financial intermediaries through which investors may purchase or redeem shares. The Distributor is not affiliated with LMCG Investments, LLC (“LMCG”). LMCG sub advises the Touchstone Small Cap Value and Touchstone Mid Cap Value Funds. For more information, please refer to the funds’ prospectus and SAI which can be found on the Touchstone Investments website: https://www.touchstoneinvestments.com.