AMIT WADHWANEY

Portfolio Manager and Co-Founding Partner


Amit Wadhwaney is a Portfolio Manager and Co-Founding Partner at Moerus Capital Management LLC, and the founding manager of the Moerus Worldwide Value Fund. Mr. Wadhwaney has over 25 years of experience researching and analyzing investment opportunities in developed, emerging, and frontier markets worldwide, and has managed global investment portfolios since 1996.

Prior to founding Moerus, Mr. Wadhwaney was a Portfolio Manager and Partner at Third Avenue Management LLC. Mr. Wadhwaney founded the international business at Third Avenue and was the founding manager of the Third Avenue Global Value Fund, LP, the Third Avenue Emerging Markets Fund, LP, and the Third Avenue International Value Fund, an open end mutual fund. The Third Avenue Global Value Fund, LP, Third Avenue Emerging Markets Fund, LP, and the Third Avenue International Value Fund are not offered by Moerus Funds.

Earlier in his career, Mr. Wadhwaney was first a securities analyst, and then Director of Research at M.J. Whitman LLC, a New York-based broker-dealer. Prior to joining M.J. Whitman, Mr. Wadhwaney was a paper and forest products analyst at Bunting Warburg, a Canadian brokerage firm. He began his career at Domtar, a Canadian forest products company. Mr. Wadhwaney holds an M.B.A. in Finance from The University of Chicago. He also holds a B.A. with honors and an M.A. in Economics from Concordia University; at Concordia, he was awarded the Sun Life Prize and the Concordia University Fellow in Economics, and he subsequently taught economics classes there. He also holds B.S. degrees in Chemical Engineering and Mathematics from the University of Minnesota. He speaks English, French, Gujarati, Hindi, Sindhi, and Spanish.
A company's survivability is paramount, which is why our investments having a "moerus" is a necessity.
 
 

JOHN MAURO, CFA

Research Analyst and Co-Founding Partner


John Mauro is a Research Analyst and Co-Founding Partner at Moerus Capital Management LLC. Mr. Mauro has over twelve years of global investment research experience, during which he has evaluated investment opportunities across a wide range of industries and geographic markets. Prior to joining Moerus, Mr. Mauro worked alongside Amit Wadhwaney and Michael Campagna as an investment research analyst at Third Avenue Management LLC, where he joined the investment team in 2003.

Mr. Mauro holds an M.B.A. in Finance from the Zicklin School of Business at Baruch College, where he was inducted into Beta Gamma Sigma, the international honor society. He holds a B.A. in Economics from Fordham University, where he graduated summa cum laude. Mr. Mauro is a CFA Charterholder and a member of the New York Society of Security Analysts.

Our approach results in a portfolio unlike others.
 
 

MICHAEL CAMPAGNA, CFA

Research Analyst and Co-Founding Partner


Michael Campagna is a Research Analyst and Co-Founding Partner at Moerus Capital Management LLC. For over ten years, Mr. Campagna has conducted research on and analyzed investment opportunities globally across a wide range of industries. Prior to joining Moerus, Mr. Campagna worked alongside Amit Wadhwaney and John Mauro as an investment research analyst at Third Avenue Management LLC, where he joined the investment team in 2007.

Earlier in his career, he was an investment analyst for the JP Morgan Private Bank, where he evaluated and selected money managers for use in high net worth and institutional investment accounts. Mr. Campagna holds a B.S. in Finance and a B.S. in Information Systems from New York University. He is a CFA Charterholder and a member of the New York Society of Security Analysts.

We search for bargains in all corners of the world.
 
 

IAN LAPEY

Research Analyst and Partner


Ian Lapey is a Research Analyst and Partner at Moerus Capital Management LLC. Prior to joining Moerus, Mr. Lapey was a Partner, Research Analyst, and Portfolio Manager at Third Avenue Management. In 2009 he was appointed Co-Manager of the firm’s flagship Third Avenue Value Fund alongside legendary value investor Marty Whitman, and was subsequently named Sole Portfolio Manager of that fund in 2012.

Prior to joining Third Avenue in 2001, Mr. Lapey held equity research analyst positions at Credit Suisse First Boston and Salomon Brothers. He began his career in 1991 as a staff accountant for Ernst & Young and is a CPA (inactive). Mr. Lapey holds an M.B.A. in Finance and Statistics from the Stern School of Business at New York University. He also holds a Masters in Accounting from Northeastern University and a B.A. in Economics from Williams College.

In an investment climate currently prone to herd mentality and an overemphasis on short-term forces, it is refreshing to join a team that I know will truly stay long-term in its focus and remain disciplined in sticking to its stringent investment criteria.