Brown Brothers Harriman & Co. has launched the BBH Global Core Select Fund (BBGNX and BBGRX), a successor to the BBH private investment partnership, BBH Global Funds, LLC – Global Core Select, which launched on April 2, 2012.
The fund will be co-managed by Regina Lombardi and Tim Hartch, two members of the BBH Core Select investment team and bet on “established, cash generative businesses” priced at a discount to estimated intrinsic value. It will generally hold 30 to 40 companies with market capitalizations greater than $3 billion.
“While our investment team has researched, followed, and even owned non-U.S. companies for years, a global fund will provide greater flexibility for us to invest worldwide in shares of companies that meet our criteria,” stated Hartch.
This is the first fund launch for BBH
