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Renaissance: aerospace, electrification lift international strategy; manager sold some China ADRs on delisting risk
Summary
Mike Streetmarter, partner and portfolio manager for Renaissance Investments' international strategy, reported to the Sarasota City Firefighters' Pension Plan Board on Sept. 24 that the strategy returned about 15.5% through June 30 and continued to post strong returns in the third quarter.
Mike Streetmarter, partner and portfolio manager for Renaissance Investments' international strategy, presented the firm's quarterly report to the Sarasota City Firefighters' Pension Plan Board of Trustees on Sept. 24. He said the international strategy returned about 15.5% through June 30 and that the third quarter had continued the positive trend, with the strategy up roughly 10% in the quarter to date.
Streetmarter described Renaissance as a growth-at-a-reasonable-price (GARP) manager that uses a two-step process: a quantitative 13-factor screen followed by fundamental…
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