GuruFocus is pleased to announce an upcoming interview with Chip Rewey, the chief investment officer of Rewey Asset Management.
While the interview, which is scheduled for next week, will be in the form of a podcast, we would like to give our readers the opportunity to hear his responses to your inquiries. Please submit your investing-related questions in the comments below.
Founded in 2018, his boutique, value-focused investment management firm, which is based in New Jersey, serves high net worth individuals and family offices with a fundamental-driven research approach that focuses on long-term capital appreciation and downside risk management.
Rewey has more than 30 years of value investing experience from leading buy-side financial institutions, including Third Avenue Management (Trades, Portfolio), Cramer Rosenthal McGlynn and Sloate Weisman Murray and Co.
At Third Avenue, Rewey led the 'Value Equity' strategies as the lead portfolio manager of the "flagship" Value Fund, lead portfolio manager of the company's Small-Cap Fund and lead manager of the 15 to 20-name concentrated "Best Ideas" strategy.
Prior to joining Third Avenue, Rewey was senior vice president and senior portfolio manager at Cramer Rosenthal McGlynn, LLC, overseeing the smid, mid, large and all-cap value investment strategies, as well as the concentrated 10 to 20-position strategies.
Prior to CRM, he was senior portfolio manager at Sloate Weissman Murray & Co., where he worked directly with the founder on research and portfolio construction. He began his career as an associate at Smith Barney Shearson.
He earned his MBA at Duke University and graduated magna cum laude from Boston College.
Rewey, who holds a chartered financial analyst designation and is a member of the CFA Society of New York and the CFA Institute, has been a guest twice on our Value Investing Live stream series and has been a speaker at the GuruFocus Value Conference in Omaha, Nebraska.
In his third-quarter letter to shareholders, Rewey commented on the trends he has observed among consumers, especially in regard to the housing and oil markets.
“As such, over the last year, we have significantly reduced our composite's holdings in the housing and consumer sectors and added a new position in the oil and gas production sector,” he wrote. “While some of these moves may have been early, we are happy with our current positioning and pleased to avoid the potential stampede of investors that might look to adjust their exposures in these sectors through year-end.”
He continued to add the firm has “focused on companies with low leverage and strong interest coverage metrics.” Rewey highlighted Limbach Holdings (LMB, Financial) as its top percentage gainer for the second quarter in a row, while Richardson Electric (RELL, Financial) was its largest detractor over the same period.
The guru's firm also added to its Mayville Engineering (MEC, Financial) position during the third quarter.
Do not forget to submit your questions in the comment section by this Friday!
