Large Cap Equity Cambiar's signature diversified large cap equity portfolio typically consists of 35-40 relative-value securities with a medium to large capitalization range.  Industry specific analysts initially look for companies with a market capitalization of $3 billion or more that are undervalued relative to their peer group based on conventional financial criteria such as P/E, P/B, P/CF and P/S. Small Cap Equity Cambiar's small cap equity portfolio typically consists of 50 relative-value securities with a small capitalization range.  Management selects quality companies that are attractively priced, that offer significant appreciation potential within a 12 to 18 month time horizon with market capitalizations ranging from $500 million to $3 billion. International Equity Cambiar's international equity portfolio is a natural extension of the firm’s traditional bottom-up domestic equity approach.  Cambiar identifies undervalued foreign companies that are undiscovered, misunderstood and/or mispriced. These companies then must evidence outstanding financial and business characteristics not yet recognized by the respective capital markets.