4Factor

A 25-year global equity capability combining quantitative insight and fundamental research to deliver disciplined, repeatable investment outcomes.

Fundamental investors, harnessing technology

The 4Factor team invests across developed and emerging markets through Global, International, European, Emerging Market Equity, Asia, and China strategies.

The team’s approach combines machine learning with human judgement. The proprietary alpha model drives idea generation and guides fundamental research, highlighting where market behaviour or changes in company fundamentals may create opportunity. It helps direct research toward the areas with the greatest potential to add value. Core portfolios are built from diversified, company-level insights, with active risk driven by fundamentals rather than broad style or macro factors.

Key facts

  • Established in 2000
  • 11 investment strategies
  • 40+ investment professionals
  • 16 years average experience
  • Core, style agnostic equity platform
  • Multi-factor approach complements traditional value and growth allocations

25 years of 4Factor

Looking back to look forward:

25 years of 4Factor

The 4Factor story is one of continuous learning. Over a quarter-century, the team has evolved its tools, sharpened its thinking and deepened its discipline. Explore how this philosophy positions 4Factor to meet the demands of the next 25 years.

Download the paper

What do we believe?

  1. Markets are inefficient due to behavioural biases​ creating pricing anomalies
  2. This can generate diverse alpha opportunities across investment styles​
  3. Combining fundamental insight with quantitative analysis is the optimal way to unlock alpha

The 4Factor investment process​

A disciplined, integrated investment framework.​
  • Investable universe defined by liquidity and market capitalisation​
  • Alpha model ranks stocks in the investable universe from most to least preferred​
  • Fundamental research undertaken through portfolio and cluster discussions​
  • Analysts focus on high-ranking stocks with attractive characteristics​
  • Portfolio construction informed by conviction, risk and guideline considerations​
  • Monitoring and active ownership of portfolio holdings
The 4Factor investment process The 4Factor investment process

What pricing anomalies are we looking to exploit?​

  • Quality
    Underappreciated addressable market growth, persistent returns that can compound over time
  • Value
    Compelling value & tangible catalysts, often in cyclical industries
  • Operating performance
    Revisions to forecast estimates, positively trending key business drivers
  • Investor attention
    Positive technical momentum confirms pricing anomalies

The resulting portfolios maintain balanced exposure across traditional investment styles, with returns driven primarily by stock-specific risk rather than macro or style factors.

Meet the Portfolio Managers


Rhynhardt Roodt is head of the 4Factor team, which is based primarily in London and Hong Kong. The passionate team of investment specialists with diverse backgrounds, skills, and experience are all unified by the common language of 4Factor.

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Important Information

This communication is provided for general information only and should not be construed as advice.

All the information in this communication is believed to be reliable but may be inaccurate or incomplete. The views are those of the contributor at the time of publication and do not necessarily reflect those of Ninety One.

Any opinions stated are honestly held but are not guaranteed and should not be relied upon.

All rights reserved. Issued by Ninety One.

For further information on indices, fund ratings, yields, targeted or projected performance returns, back-tested results, model return results, hypothetical performance returns, the investment team, our investment process, and specific portfolio names, please click here.