Global Insight

Global Insight

Global Insight


Morgan Stanley Global Insight seeks long-term capital appreciation by investing in established and emerging companies with capitalizations within the range of companies included in the MSCI All Country World Index. To help achieve its objective, the strategy seeks to invest in unique companies with sustainable competitive advantages with above average business visibility, the ability to deploy capital at high rates of return, strong balance sheets, and an attractive risk/reward.


Investment Approach

Counterpoint Global believes that it may achieve value-added investment results more consistently through bottom-up analysis and qualitative judgment rather than through top-down forecasting. Additionally, the team holds that optimal stock selection is primarily a function of making long-term investments in companies with: inherent sustainable competitive advantages (such as a patent portfolio, a network or community effect, etc.), brand-name recognition, the ability to redeploy capital at high rates of return, and strong current-period free-cash-flow yield. These characteristics, in the team’s view, provide the potential for consistent long-term growth and competitive returns.

The team believes that the development of insights is valuable to the investment process, and guiding principles combined with intellectual and process flexibility are critical to strong decision-making in pursuit of attractive investments.



Counterpoint Global's long-term incentive compensation program requires investors to allocate a significant portion of deferred compensation into the portfolios they manage.


Their generalist approach and disruptive change research are unique in an industry that leans toward specialization. They promote cross-disciplinary thinking where investors follow areas with distinctly different business models.


Counterpoint Global has a distinctive culture that encourages innovation, evolution and continued learning.


The team has been managing money since 1998. They have a long-term investment horizon that promotes perspective and insight.

Investment Process
Idea Generation

The team generates investment ideas through an ongoing set of activities conducted individually and collaboratively, including: (i) involvement in contact networks across industries and in the investment management business; (ii) its reading network; (iii) its focus on return on invested capital and current-period free cash flow yield; (iv) team discussions; (v) the identification of patterns; (vi) conventional-valuation and coverage biases, among others; and (vii) continual research on current company holdings.

Bottom-up analysis and valuation

Our quality criteria includes business visibility, a diverse customer base, the sustainability of growth and low capital intensity. Valuation focuses on current-period free cash flow yield and endgame, a five-year market capitalization calculation.

Disruptive change research

To complement its in-depth, bottom-up research, the team’s disruptive change researcher investigates big ideas and emerging themes that may have far-reaching consequences, such as artificial intelligence and blockchain.

Portfolio construction and implementation

The team’s portfolios are actively managed and built to maximize expected value. Company weightings are primarily determined by the quality of the idea and the team’s conviction. Dennis Lynch leads decision making along with the investor responsible for a company and perhaps one other investor. The team reviews factor analysis on a monthly basis in order to ensure the portfolio's expected return is more idiosyncratic than systematic.

Dennis Lynch
Head of Counterpoint Global
30 years industry experience
Sandeep Chainani
Managing Director
28 years industry experience
Armistead Nash
Managing Director
24 years industry experience
David Cohen
Managing Director
36 years industry experience
Alex Norton
Executive Director
29 years industry experience

May not represent all Investors.


Effective March 31, 2021, the Global Advantage Strategy is renamed to the Global Insight Strategy, and the Strategy’s approach has been amended from seeking to invest primarily in established companies, to established and emerging companies.


Diversification does not protect you against a loss in a particular market; however it allows you to spread that risk across various asset classes.

There is no assurance that a Portfolio will achieve its investment objective. Portfolios are subject to market risk, which is the possibility that the market values of securities owned by the Portfolio will decline and that the value of Portfolio shares may therefore be less than what you paid for them. Market values can change daily due to economic and other events (e.g. natural disasters, health crises, terrorism, conflicts and social unrest) that affect markets, countries, companies or governments. It is difficult to predict the timing, duration, and potential adverse effects (e.g. portfolio liquidity) of events. Accordingly, you can lose money investing in this Portfolio. Please be aware that this Portfolio may be subject to certain additional risks. In general, equities securities’ values also fluctuate in response to activities specific to a company. Investments in foreign markets entail special risks such as currency, political, economic, market and liquidity risks. The risks of investing in emerging market countries are greater than risks associated with investments in foreign developed countries. Privately placed and restricted securities may be subject to resale restrictions as well as a lack of publicly available information, which will increase their illiquidity and could adversely affect the ability to value and sell them (liquidity risk). Investments in small and mid cap companies may involve greater risks than investments in larger, more established companies. The securities issued by small and mid cap companies may be less liquid and such companies may have more limited markets, financial resources and product lines, and may lack the depth of management of larger companies.

This communication is only intended for and will be only distributed to persons resident in jurisdictions where such distribution or availability would not be contrary to local laws or regulations.

There is no guarantee that any investment strategy will work under all market conditions, and each investor should evaluate their ability to invest for the long-term, especially during periods of downturn in the market. Past performance is no guarantee of future results.

A separately managed account may not be appropriate for all investors. Separate accounts managed according to the Strategy include a number of securities and will not necessarily track the performance of any index. Please consider the investment objectives, risks and fees of the Strategy carefully before investing. A minimum asset level is required. For important information about the investment manager, please refer to Form ADV Part 2.

Any views and opinions provided are those of the portfolio management team and are subject to change at any time due to market or economic conditions and may not necessarily come to pass. Furthermore, the views will not be updated or otherwise revised to reflect information that subsequently becomes available or circumstances existing, or changes occurring. The views expressed do not reflect the opinions of all portfolio managers at Morgan Stanley Investment Management (MSIM) or the views of the firm as a whole, and may not be reflected in all the strategies and products that the Firm offers.

This is a general communication, which is not impartial and has been prepared solely for informational and educational purposes and does not constitute an offer or a recommendation to buy or sell any particular security or to adopt any specific investment strategy. The information herein has not been based on a consideration of any individual investor circumstances and is not investment advice, nor should it be construed in any way as tax, accounting, legal or regulatory advice. To that end, investors should seek independent legal and financial advice, including advice as to tax consequences, before making any investment decision.


The indexes are unmanaged and do not include any expenses, fees or sales charges. It is not possible to invest directly in an index. Any index referred to herein is the intellectual property (including registered trademarks) of the applicable licensor. Any product based on an index is in no way sponsored, endorsed, sold or promoted by the applicable licensor and it shall not have any liability with respect thereto.

The MSCI All Country World Index (ACWI) is a free float-adjusted market capitalization weighted index designed to measure the equity market performance of developed and emerging markets. The term "free float" represents the portion of shares outstanding that are deemed to be available for purchase in the public equity markets by investors. The performance of the Index is listed in U.S. dollars and assumes reinvestment of net dividends.

The information presented represents how the portfolio management team generally implements its investment process under normal market conditions.

Morgan Stanley Investment Management is the asset management division of Morgan Stanley.


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