SAN DIEGO — After several years of bleeding assets, Nicholas-Applegate Capital Management is looking to its systematic strategies for a much-needed transfusion.
Led by Managing Director Stacey Nutt, the 10-person systematic portfolio management team relies on quantitative factors to implement the firm's investment philosophy, which is based on behavioral finance and emphasizes looking at companies undergoing a positive fundamental change with sustainable growth. The model-driven, systematic approach is used on several different styles, including core and growth, said Mr. Nutt, who has been with the firm since 1999 and is a member of the executive committee.
The San Diego-based firm, a subsidiary of Allianz Global Investors, Munich, has 11 strategies in its systematic group, the first of which — U.S. systematic small cap — was introduced in 1990. Other offerings such as U.S. systematic large cap and international systematic came about in 1993 and 2001, respectively. The platform is giving the firm a shot in the arm at a time when Wall Street is widely expecting the market for growth to rebound.