COOKE & BIELER LP

Cooke & Bieler LP is an investment management firm based out of Philadelphia. The company was established in 1949 by cofounders Jay Cooke and Louis Bieler and currently operates under a partnership structure with 32 total employees of which 12 are investment professionals. Cooke & Bieler originally began as a local investment firm and has grown into “an institutional and private wealth manager with an international client base.” The company was affiliated with United Asset Management (Old Mutual) from 1986 to 2001, when the company would conduct a management buyback. Cooke & Bieler conducts its research internally, utilizing a conservative fundamental approach to make its investment decisions. The company utilizes a bottom up approach and invests in the value and growth stock companies of mid, large and all cap companies in the fixed income and public equity markets of the U.S. The company manages fixed income, equity, and balanced portfolios for its clients and benchmarks its performance against various S&P and Russell indexes. Cooke & Bieler invests most heavily in the finance sector, which alone makes up over a quarter of its total asset allocations, and also invests in the consumer discretionary, health care, industrials, energy, consumer staples, information technology, and materials sectors, among other sectors to a lesser degree, in order of decreasing allocations. The company holds almost $5 billion in total assets under management spread across 293 accounts, all of which are discretionary except for 4 which make up just over a billion of its held assets. Although its total number of accounts has been gradually decreasing in recent years, its total assets under management, despite some volatility, has increased in recent years, growing from $3.9 billion back in 2010 to its current amount today. Cooke & Bieler mainly caters to high net worth individuals, which alone makes up over a third of its clientele, and also provides to individuals, charities, and others, in order of decreasing clientele.