Christian Correa

Value investor looks for opportunities where market is "overly pessimistic or simply wrong."

Michael Ryval 2 March, 2012 | 7:00PM

A bottom-up value investor, Christian Correa is mindful of global trends because of their impact on large-capitalization companies that have multinational operations. He is also aware that markets are too hasty in their reactions and often misprice companies.

Consequently, "we look for opportunities where we can see real value that the market is overly pessimistic or simply wrong about," says Correa, a portfolio manager with Short Hills, N.J.-based Franklin Mutual Advisors LLC, who oversees the $253-million Mutual Beacon.

In seeking companies that are trading at sizeable discounts to their intrinsic worth, Correa studies their cash flows and balance sheets. There are about 100 names in the portfolio, which is benchmarked against the S&P 500 Index, although about 25% of the assets are held outside the United States.

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Michael Ryval

Michael Ryval  

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