Factsheets
Kennondale Capital Management LLC claims compliance with the Global Investment Performance Standards (GIPS®). To receive a GIPS report, please contact info@kennondale.com. GIPS is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein.
Firm and Principal Background
Kennondale Capital Management (Kennondale) is located in Richmond, Virginia.
As of March 31, 2024, the firm has approximately $73 million in assets under management in two long-only equity strategies, Kennondale Large Cap Value ($38 million) and Kennondale Small Cap Value ($35 million). Kennondale’s Form ADV can be found HERE.
Kennondale’s managing principal, Andrew Slay, has ten years of investment experience, including managing outside capital in a private fund from 2013 to 2018. Slay has also consulted for two separate fund managers. Andrew Slay graduated from the University of Virginia with an undergraduate degree in Economics, is a CFA® charterholder, and is a member of the CFA Society Virginia.
Investment Process
Kennondale has a focused approach and manages exclusively value equity portfolios. The portfolios exhibit low turnover, high concentration, and high active share.
Kennondale’s investment process starts with traditional value screens followed by bottom-up analysis, looking for catalysts that can potentially spark sustained periods of excess returns; these can span multiple years. Kennondale manages long-term, low turnover portfolios. Finally, rules are used to help guide a portion of the low, ongoing turnover in portfolios.
Kennondale attempts to have procedures in place that are designed to address behavioral biases, which can help to potentially minimize performance drag on portfolios. Kennondale believes that actively managed, value-oriented, low turnover portfolios offer investors an opportunity to seek superior long-term returns.
Past performance does not guarantee future returns. An investor’s principal, when redeemed, may be worth more or less than the original investment. This website should not be construed as an offer or solicitation of an offer to buy or sell securities.
