A Born Investor
Coming from a long line of bankers and brokers, Rupal Bhansali grew up on stock stories instead of fairy tales. Eager to enter the world of finance, she learned accounting by the age of 16 and began working in the field right out of high school. By age 24, she had edited prospectuses, calculated residual values on lease portfolios and learned how to trade foreign exchange.
During her college days, Rupal was known for challenging conventional wisdom. To break the cyclical habit of students job-hunting upon graduation, she encouraged them to consider entrepreneurship as a path to success by launching a competition called "Mind Your Own Business".
Rupal learned the meaning of volatility firsthand, when she came to the United States to pursue her MBA at the University of Rochester in Rochester, N.Y., in 1991. The Indian rupee had just devalued by a massive 40%, and stock markets tumbled worldwide due to a global recession. Fortunately, she had earned a Rotary Foundation Scholarship that was not subject to currency risk or equity market fluctuations, which meant she could still fund her education. That formative shock lesson continues to guide her risk management philosophy today.
After earning her MBA, Rupal initially worked on emerging markets and then later on developed markets around the world. Although unusual for a long-only manager, her buy-side career began on the long-short side at Soros, where she sharpened her focus on absolute returns and downside protection. By age 30, she was managing money as an analyst/portfolio manager at Oppenheimer Capital in New York. In 2001, Rupal joined Mackay Shields, where she led the international equities division and enjoyed a distinguished career for 10 years. Fittingly, in September 2009, Forbes International named her a Global Guru. Rupal’s unconventional investment views and non-consensus stock picks have also been widely featured in leading publications such as The Wall Street Journal, USA Today, Financial Advisor and the Australian Financial Review.
Rupal joined Ariel in 2011 as Chief Investment Officer for International and Global Equities. She found a kindred spirit in Ariel, where her investment philosophy of applying independent thinking and owning high-conviction, concentrated portfolios coincided with the firm's philosophy.
Having grown up, lived, studied and worked in multiple geographies, Rupal has a keen understanding of the socio-economic-political environments and cultural attributes of various countries in the world. She has several decades of experience analyzing corporate strategies and business models of thousands of companies in a variety of industries operating in North America, Europe and Japan as well as Latin America, Eastern Europe and Asia.
Rupal believes her team's best risk-adjusted returns have come from marching to its own tune and applying an investment process that pays equal attention to both risk and return management. The 4-star Overall Morningstar Rating™ for Ariel International Fund and 3-star Overall Morningstar Rating™ for Ariel Global Fund are just the latest examples of the power of this approach and evidence of what may be possible when a great team implements a proven investment process inside a like-minded firm.
It is clear, Rupal was born to invest.
Past performance does not guarantee future results. Click here for information about the rankings and other disclosures.
Learn more about Rupal Bhansali and Ariel's Global products:
Past performance does not guarantee future results. Ariel International Fund’s Overall Morningstar Rating™ is four stars (for both the Investor and Institutional Classes) among 272 Foreign Large Value Funds for the period ended 12/31/16. Ariel International Fund was rated five stars (for both the Investor and Institutional Classes) among the 272 Foreign Large Value Funds for the three-year period ended 12/31/16. Ariel International Fund was rated four stars (for both the Investor and Institutional Classes) among the 223 Foreign Large Value Funds for the five-year period ended 12/31/16. Ariel Global Fund’s Overall Morningstar Rating™ is three stars (for both the Investor and Institutional Classes) among 848 World Stock Funds for the period ended 12/31/16. Ariel Global Fund was rated four stars (for both the Investor and Institutional Classes) among the 848 World Stock Funds for the three-year period ended 12/31/16. Ariel Global Fund was rated three stars (for both the Investor and Institutional Classes) among the 669 World Stock Funds for the five-year period ended 12/31/16. The inception date for both Funds is 12/30/11 and therefore they do not yet have performance or ratings for the ten-year periods.
Effective February 1, 2014, Ariel Investments, LLC, the Adviser, has contractually agreed to waive fees or reimburse expenses (the “Expense Cap”) in order to limit each Fund’s total annual operating expenses to 1.25% of net assets for the Investor Class through the end of the fiscal year ending September 30, 2017. Before February 1, 2014, the Expense Cap for each Fund was 1.40%. For the year ended September 30, 2015, the net expense ratio of Ariel International Fund rounded above the Expense Cap (to 1.26%) due to interest expense which is excluded from the expense reimbursement. Total returns (on which the rankings are based) would have been lower if certain fees and expenses had not been reduced during these periods.
For each Fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. These ratings change monthly. The top 10% of funds in an investment category receive five stars, the next 22.5% receive four stars, the next 35% receive three stars, the next 22.5% receive two stars, and the bottom 10% receive one star. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics.
© 2016 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Both Funds seek long-term capital appreciation. Ariel International Fund invests primarily in foreign equity securities in developed international markets and Ariel Global Fund invests primarily in equity securities of both domestic and foreign issuers in developed or emerging markets. Foreign investments may underperform and may be more volatile than comparable U.S. stocks because of the risks involving foreign economies and markets, political systems, regulatory standards, currencies and taxes. The use of currency derivatives and exchange-traded funds (ETFs) may increase investment losses and expenses and create more volatility. Investments in emerging markets present additional risks, such as difficulties in selling on a timely basis and at an acceptable price. For a current summary prospectus or full prospectus click here.