Cambiar Investors and Kepler Cheuvreux Announce Strategic Joint Venture to Expand Global Distribution and Enhance Research Collaboration

DENVER & PARIS--(BUSINESS WIRE)--Feb 3, 2026--

Cambiar Investors and Kepler Cheuvreux today announced a strategic joint venture project designed to expand the global distribution of Cambiar’s investment strategies while deepening research collaboration across international markets.

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Cambiar and Kepler Cheuvreux’s contemplated asset management joint venture (subject to UCITS, other regionally appropriate structures and any applicable regulatory requirements and approvals) aims to distribute Cambiar’s investment strategies to investors across Europe, Canada, and the Middle East. Initially, the joint venture would focus on distributing Cambiar’s Global Equity and the firm’s award-winning Large Cap Value strategies.

In parallel, the firms have entered into a research cooperation agreement, effective immediately, that enables the sharing of analytical resources and corporate access. Kepler Cheuvreux’s extensive European equity research platform will enhance Cambiar’s international research capabilities, supporting both existing and future strategies managed in the US.

“ This partnership aligns Cambiar’s disciplined, long-standing investment process with Kepler Cheuvreux’s deep European research and asset management infrastructure, ” Brian Barish, President of Cambiar Investors.

“ It allows us to extend our reach globally while simultaneously strengthening the research foundation behind our international investment strategies. ”

Kepler Cheuvreux is a leading independent European financial services company, widely recognized for its equity research franchise. The group is present in 14 major financial centres in Europe, the US, and the Middle East. It is a primary research provider for institutional investors across Europe and consistently ranks among the top research providers across major continental European markets, including France, Benelux, Germany, Italy, Spain, Switzerland, and the Nordics. The firm covers more than 1,000 companies across 34 sectors through a team of over 110 equity analysts.

Jean-Pierre ANE, Deputy CEO, in charge of Business Development at Kepler Cheuvreux, commented: “ This partnership leverages Kepler Cheuvreux’s leading independent equity research and unique distribution capabilities across Europe. It strengthens our existing presence in the United States and our ability to offer the best set of geographically diversified products to our clients. ”

This research collaboration is expected to further invigorate Cambiar’s 28-year-old international investment product suite, which includes its International Equity ADR and International Dividend Equity strategies. By expanding research capabilities within Cambiar’s relative value framework, the collaboration enables deeper insight, improved risk assessment, and greater conviction in international investing.

The partnership preserves each firm’s independence and core strengths. Cambiar remains responsible for portfolio management and investment discipline, while Kepler Cheuvreux provides research depth, asset management infrastructure, and regional distribution capabilities.

Barish added: “ This is an expansion of capability. Our process remains intact, but the resources supporting it are meaningfully stronger. ”

About Cambiar Investors

Cambiar Investors is an independent, employee-owned investment management firm founded in 1973 and headquartered in Denver, Colorado. For more than five decades, Cambiar has built its reputation around a disciplined, research-intensive approach to relative value investing, navigating multiple market cycles with a consistent focus on capital preservation and long-term wealth creation.

At the core of Cambiar’s value approach, is a proven framework designed to identify high-quality businesses trading at attractive valuations, while applying rigorous risk management and portfolio discipline. This process is applied consistently across market capitalizations and geographies, supported by deep fundamental research and active security selection.

As a 100% employee-owned firm, Cambiar’s interests are directly aligned with those of its clients. The firm offers a diversified suite of actively managed strategies spanning U.S. and international equities, serving institutional investors, financial advisors, and individual clients worldwide.

About Kepler Cheuvreux

Kepler Cheuvreux is a leading independent European financial services company that specialises in Research, Execution, Fixed Income and Credit, Listed Derivatives, Structured Solutions, Corporate Finance, and Asset Management.

The Group employs over 650 people and is present in 14 major financial centres in Europe, the US, and the Middle East: Amsterdam, Brussels, Dubai (DIFC), Frankfurt, Geneva, London, Madrid, Milan, New York, Oslo, Paris, Stockholm, Warsaw, and Zurich.

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Kepler + Cambiar Joint Venture

ROME (AP) — Pope Leo XIV will personally carry the wooden cross through all 14 stations of the Way of the Cross at the Colosseum on his first Good Friday as pontiff, marking the first time in decades that a pope carries the cross to every station.

“I think it will be an important sign because of what the pope represents, a spiritual leader in the world today, and for this voice, that everyone wants to hear, that says Christ still suffers,” Leo told reporters this week outside of the papal retreat at Castel Gandolfo. “I carry all of this suffering in my prayer.”

John Paul II carried the cross for the entire procession from his first Good Friday as pontiff in 1979 until his hip surgery in 1995, when he carried it just part of the way, according to AP reports at the time.

For the first two years of his papacy, Benedict XVI carried the cross for the first station inside the Colosseum, then followed other bearers in the procession that ends on a platform on the Palatine Hill.

Pope Francis never carried the cross, but participated in the procession until his health worsened. He died after a long illness last year on Easter Monday, which fell on April 21.

Pope John Paul II was just 58 when he became pope, and was known as a hiker and outdoorsman. His two successors were in their late 70s when they began their papacies, and Francis was missing part of a lung due to a pulmonary infection as a young man.

At 70, Leo is physically fit and an avid tennis player and swimmer. Before becoming pope, Leo would work out regularly at a gym near the Vatican, with a plan befitting a man in his early 50s, according to his former trainer.

Crowds are expected to gather outside of the Colosseum for the Way of the Cross, which commemorates the final hours of Jesus’ life, from his death sentence to taking up the cross to his crucifixion, death and burial. The procession ends outside the Colosseum atop the Palatine Hill.

The meditations, which are read aloud at each station, were composed by the Rev. Francesco Patton, who was custos (or custodian) of the Holy Land 2016-25, charged, among other things, with looking after sacred sites

“The Way of the Cross is not intended for those who lead a pristinely pious or abstractly recollected life,” Patton wrote in his introduction. “Instead, it is the exercise of one who knows that faith, hope and charity must be incarnated in the real world.”

On Holy Saturday, the pontiff will preside over Easter vigil rites at St. Peter’s Square and lead Roman Catholics into Christianity’s most joyous celebration marking Christ’s resurrection.

On Easter Sunday, the pope will celebrate an open-air Mass in St. Peter’s Square before delivering his Easter message and offer the traditional “Urbi et Orbi” blessing to the city (of Rome) and the world.

Pope Leo XIV attends the Celebration of the Passion of the Lord in St. Peter's Basilica at the Vatican on Catholic Good Friday, Friday, April 3, 2026 (AP Photo/Andrew Medichini)

Pope Leo XIV attends the Celebration of the Passion of the Lord in St. Peter's Basilica at the Vatican on Catholic Good Friday, Friday, April 3, 2026 (AP Photo/Andrew Medichini)