Causeway Funds: Causeway’s Sarah Ketterer bets big on AI losers
Causeway emerged victorious from their bet on stocks laid low by the Covid pandemic and today sees a similar opportunity in AI losers.
Causeway emerged victorious from their bet on stocks laid low by the Covid pandemic and today sees a similar opportunity in AI losers.
Portfolio manager Sarah Ketterer explains how she invests in companies facing temporary setbacks, why underwriting earnings power two years out may matter more than near term results, and how thinking past the trough helps identify durable businesses before the recovery becomes obvious.
Portfolio manager Conor Muldoon noted that Liberation Day was a shock to the markets, which tend to overreact in the short term and underreact in the medium to long term. However, he added that these situations present opportunities for Causeway.
Portfolio manager Ryan Myers shares how Causeway’s Emerging Markets portfolio can provide diversified alpha sources with disciplined risk controls as the market evolves through the next AI infrastructure cycle.
Portfolio manager Sarah Ketterer emphasizes the importance of portfolio diversification when navigating uncertainty in the markets.
CEO and portfolio manager Sarah Ketterer shares her thoughts on how AI will ultimately benefit software stocks.
Firm’s Co-Founders Recognized as Outstanding Equity Portfolio Managers
March 2026 saw a sharp spike in volatility as markets grappled with rapidly shifting headlines around the Middle East conflict, rising oil prices, and tightening financial conditions. Periods like these tend to test both alpha generation and risk management. Yet Causeway’s quantitatively managed Emerging Markets and International Small Cap Funds generated positive alpha for the month.
Portfolio manager Ellen Lee believes short term volatility can offer some opportunities but it’s Causeway’s disciplined approach and focus on company fundamentals that keeps them steady amid the headline noise.
Causeway is pleased to announce we are the recipient of Morningstar’s 2026 Awards for Investing Excellence. Sarah Ketterer and Harry Hartford have been named Outstanding Equity Portfolio Managers, a recognition of their decades-long, disciplined value approach.
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