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Mondrian

Mondrian Parent Rating

Above Average

Sound succession planning and a dedication to its time-tested approach earn Mondrian Investment Partners an Above Average Parent rating.

The co-founders of this value-oriented boutique, founded in the early 1990s, remain in charge. CEO Clive Gillmore, who is 62, says he plans to stay in that position at least five more years and become executive chairman after that. Nonetheless, he’s making plans for a smooth succession, an action sometimes lacking at founder-led firms. He and colleagues have shared with the board the names of several younger potential successors. Most come from the investment side, as Gillmore says he’d prefer the firm remain under the leadership of investors.

Mondrian had approximately USD 60 billion under management as of March 2022, up from USD 55 billion in late 2019. Manager and analyst retention is strong, helped by a policy of spreading equity ownership widely; about half of the roughly 180 employees are partners, including all 57 of the investment staff. Another prolonged bout of underperformance by international value stocks could pose a challenge, as more than 90% of assets are in equity accounts, nearly all focused on non-U.S. markets. Only 7% is in fixed-income vehicles. The firm weathered the most recent value drought well, though, and Gillmore argues that solid performance from a consistent strategy will always appeal to investors.

Mondrian Investments

Market

US Open-end ex MM ex FoF ex Feeder

Total Net Assets

1.06 Bil

Investment Flows (TTM)

59.71 Mil

Asset Growth Rate (TTM)

6.45%

# of Share Classes

4
Morningstar Rating # of Share Classes
0
1
3
0
0
Not Rated 0

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