Investment Overview

The Eaton Vance Global Small-Cap Equity Strategy offers exposure to a broadly diversified portfolio of high quality, global small cap companies.

Investment Philosophy

We focus on three definable inputs - Quality, Valuation, and Time (QVT). Our focus on quality drives a preference for well entrenched franchises with durable and scalable business models, typically benefitting from either structural growth (compounders) or structural change (improvers). We believe a disciplined combination of quality in a reward-to-risk framework with a long-term mind-set can uncover sources of alpha in the broad and inefficient small cap universe.

Investment People

Depth, expertise & location
151person team with an average of 15 years of experience located in Boston, London, and Tokyo
Supported by the broader Eaton Vance equity group with over 502 investment professionals
Analyst driven process within a collaborative culture
High levels of accountability, with distinct lines of responsibility
1Five investment professionals are product dedicated, while the remainder have multi-strategy responsibilities. 2Portfolio managers, analysts, and traders including US and Global/International Equity team members.


Bottom-up, in-depth fundamental analysis
Structured to implement our philosophy in a disciplined and repeatable reward-to-risk framework
Portfolio exercises ensure team ownership, encourage collaboration, and test biases
Ensures all research adds value — working list, wish list, research library
Clearly defined portfolio construction and risk management parameters

Portfolio Construction

Clearly defined portfolio construction
120-180 holdings 3
Quality/core bias
Alpha driven by bottom-up stock selection
Positioned for capital preservation in addition to capital appreciation
3The number of securities/holdings indicated is the current range typically associated with this type of account and will vary depending on account size, client parameters and market conditions prevailing at the time of investment.

Investment Team

Aidan Farrell4

Director Global Small-Cap Equity, London

Non-US Consumer, Energy, Utilities, Financials

23 Years' Industry Experience

J. Griffith Noble, CFA5

Director US Small-Cap Equity, Boston

US Industrials, Energy, Materials

23 Years' Industry Experience

Mike McLean, CFA5

Director US Small-Cap Equity, Boston

US Consumer

17 Years' Industry Experience


Claus Roller, CFA4


Non-US Information Technology, REITS

29 Years' Industry Experience

Nakaba Minai4


Japanese Small-Caps

23 Years' Industry Experience

Brian Hertzog5


US Technology

20 Years' Industry Experience

Samantha Pandolfi, CFA


Non-US Healthcare

19 Years' Industry Experience

Andrew Valk, CFA5


US Utilities, REAITS and Industrials

13 Years' Industry Experience

Prachi Samundra5


US Financials, REITS

12 Years' Industry Experience

Allen Mayer, CFA4


Non-US Industrials, Materials

7 Years' Industry Experience

Steven Reece4


Non-US Consumer

7 Years' Industry Experience

Ryan Cavanaugh5


US Healthcare

6 Years' Industry Experience

Jared Allen, CFA4



*The team is supported by two equity research associates. 4Denotes investment professionals dedicated solely to international/Global Small-Cap. 5Denotes members of the Eaton Vance US Small-Cap Investment Team.

6 Years' Industry Experience



MSCI World Small-Cap Index