SASCO CAPITAL INC / CT/

Sasco Capital is a contrarian value equity investment management company based out of Fairfield, Connecticut. The company was founded in 1985 by cofounders Hoda N. Bibi, the current President and CCO, Daniel Lawrence Leary, the current Secretary and Managing Director, and Bruce Dale Bottomley, the current Portfolio Manager and Managing Director. Sasco Capital utilizes a contrarian stock picking approach, utilizing an extensive fundamental analysis and personal meetings with senior management to make its investment decisions. The company invests in the public equity market within the United States, focusing on the value stocks of selected companies. Sasco Capital invests most heavily in the materials sector, which alone makes up over a third of its total asset allocations, and also invests in the industrials, energy, consumer discretionary, utilities and telecommunications, and consumer discretionary sectors, among others to a lesser degree, in order of decreasing allocation. Sasco Capital currently has 9 employees with all of them being investment professionals. The company has over $6.2 billion in total assets under management spread across 35 accounts, all of which are discretionary accounts. While its total number of accounts has been relatively stable in recent years, its total assets under management has been steadily increasing, growing from $2.7 billion back in 2010 to well over twice that amount today. The company is currently owned by its three cofounders with Bruce Dale Bottomley and Daniel Lawrence Leary holding the majority of the ownership, each owning approximately 40% of the company, and Hoda Bibi holding the remaining ownership. Sasco Capital mainly provides its services to pension and profit sharing plans and state or municipal governments, each of which make up over a third of its clients base, and also caters to charities, high net worth individuals, banking or thrift institutions, and investment companies, in order of decreasing clientele.