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Byline: MURRAY COLEMAN
Brian Barish is a high-anxiety type of investor.
The manager of $97 million Cambiar Opportunity Fund searches for stocks that seem like major headaches to most.
"Stocks get cheap because people see something that worries them," said Barish, 36. "A lot of times, those anxieties aren't really that big of a deal."
Cambiar considers itself a strict value investor. It manages a total of $2.3 billion in retail and institutional money. "There are plenty of stocks with earnings growth potential of 25% or more," said Barish. "But you've got to pay a pretty sum to own most of them. In a competitive marketplace, I'm not willing to do that."
Instead, along with four co-managers, Barish sorts through the market's current underachievers. They might be maturing players going through a period of slower growth, like Microsoft.
Or, they could be what Barish considers to be underappreciated niche players like Pitney Bowes and BMC Software.