Southernsun Asset Management LLC

SouthernSun Asset Management LLC, established in 1989 by Michael W. Cook in Memphis, Tennessee, specializes in providing investment advisory services using a proprietary research process based on fundamental analysis. The firm primarily focuses on long positions in small to small-to-mid-cap equity securities of U.S.-based companies. Clients can implement customized investment guidelines and restrictions, subject to approval by SouthernSun. The firm offers Small Cap and SMID Cap Strategies with a minimum separately managed account size of $5,000,000 and minimum annual fees of $50,000 and $45,000, respectively. SouthernSun charges asset-based fees ranging from 0.75% to 1.00% based on the size of the managed account. The firm may waive minimum account sizes or negotiate fees based on specific circumstances. Clients may pay fees quarterly in arrears or in advance, with adjustments for significant cash flows during the quarter. The firm acts as a fiduciary and accepts discretionary authority from clients to manage their assets in line with stated investment objectives. The firm's investment philosophy is research-driven, focusing on long-term investments in niche-dominant companies with strong financials and management teams. SouthernSun's investment process involves thorough fundamental analysis, management interviews, and facility visits. The firm's Proxy Voting Policy emphasizes accountability, alignment of interests, and transparency in voting decisions. Phillip W. Cook, the Managing Partner and CIO, oversees the investment process and is responsible for decision-making regarding security purchases and sales. SouthernSun has no disciplinary information, and Phillip Cook's business experience includes roles in investment management since 2006.