Eisinger uses analysis on concentrated fund to get higher-conviction returns

Janus manager highlights importance of sticking to process to uncover intrinsic value

Janus US All Cap Growth fund manager John Eisinger has strongly held convictions, from the highly concentrated top 20 holdings in his portfolio to a belief that P/E ratios have no correlation with the true value of a company. The Denver-based manager talks to Mark Colegate about the dangers of benchmarks, unforeseen hidden correlations in portfolios and why his colleagues have been known to take Smart phones to pieces to try and understand the underlying value of the businesses they are investing in. How would you describe your portfolio? US All Cap Growth is a concentrated portf...