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 5-star Overall Morningstar Rating™ for Ariel International Fund (Investor Class) and 4-star Overall Morningstar Rating™ for Ariel Global Fund (Investor Class) 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.
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Past performance does not guarantee future results. For the period ended 9/30/2017, Ariel International Fund’s Overall Morningstar Rating™ is five stars for the Investor Class and five stars for the Institutional Class among 261 Foreign Large Value Funds. The Overall Morningstar Rating for the Fund’s Investor Class is derived only from the three-year rating of four stars among the 261 funds in the category for the period ended 9/30/2017 and the five-year rating of five stars among the 210 funds in the category for the period ended 9/30/2017. The Overall Morningstar Rating for the Fund’s Institutional Class is derived only from the three-year rating of four stars among the 261 funds in the category for the period ended 9/30/2017 and the five-year rating of five stars among the 210 funds in the category for the period ended 9/30/2017. The inception date for the Fund is 12/30/11 and therefore it does not yet have performance or ratings for the ten-year period. Total returns (on which the ratings are based) would have been lower if certain fees and expenses had not been reduced during these periods.
For the period ended 9/30/2017, Ariel Global Fund’s Overall Morningstar Rating™ is four stars for the Investor Class and four stars for the Institutional Class among 703 World Large Stock Funds. The Overall Morningstar Rating for the Fund’s Investor Class is derived only from the three-year rating of three stars among the 703 funds in the category for the period ended 9/30/2017 and the five-year rating of four stars among the 583 funds in the category for the period ended 9/30/2017. The Overall Morningstar Rating for the Fund’s Institutional Class is derived only from the three-year rating of three stars among the 703 funds in the category for the period ended 9/30/2017 and the five-year rating of four stars among the 583 funds in the category for the period ended 9/30/2017. The inception date for the Fund is 12/30/11 and therefore it does not yet have performance or ratings for the ten-year period. Total returns (on which the ratings are based) would have been lower if certain fees and expenses had not been reduced during these periods.
The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
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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.