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.
Group key figures:
Kepler + Cambiar Joint Venture
WASHINGTON (AP) — Don't tune into the Super Bowl hoping for a break from the tumultuous politics gripping the U.S.
The NFL is facing pressure ahead of Sunday's game between the Seattle Seahawks and the New England Patriots to take a more explicit stance against the Trump administration's aggressive immigration enforcement. More than 184,000 people have signed a petition calling on the league to denounce the potential presence of Immigration and Customs Enforcement at the Super Bowl, which is being held at Levi's Stadium in the San Francisco Bay Area. The liberal group MoveOn plans to deliver the petition to the NFL's New York City headquarters on Tuesday.
Meanwhile, anticipation is building around how Bad Bunny, the halftime show's Spanish-speaking headliner, will address the moment. He has criticized President Donald Trump on everything from his hurricane response in his native Puerto Rico to his treatment of immigrants. On Sunday night, he blasted ICE while accepting an award at the Grammys. His latest tour skipped the continental U.S. because of fears that his fans could be targeted by immigration agents.
Trump, a Republican, has said he doesn't plan to attend this year's game, unlike last year, and he has derided Bad Bunny as a “terrible choice.” A Republican senator is calling it “the woke bowl.” And a prominent conservative group plans to hold an alternative show that it hopes will steal attention from the main event.
The Super Bowl is one of the few remaining cultural touchstones viewed by millions of people in real time and the halftime show is no stranger to controversy, perhaps most notably Janet Jackson's 2004 performance in which her breast was briefly exposed. But there are few parallels to this year's game, which has the potential to become an unusual mix of sports, entertainment, politics and protest. And it will unfold at a tinderbox moment for the U.S., just two weeks after Alex Pretti's killing by federal agents in Minneapolis reignited a national debate over the Trump administration's hard-line law enforcement tactics.
“The Super Bowl is supposed to be an escape, right? We’re supposed to go there to not have to talk about the serious things of this country,” said Tiki Barber, a former player for the New York Giants who played in the Super Bowl in 2001 and has since attended several as a commentator. “I hope it doesn’t devolve, because if it does, then I think we’re really losing touch with what’s important in our society.”
The 31-year-old Bad Bunny, born in Puerto Rico as Benito Antonio Martínez Ocasio, has elevated Latino music into the mainstream and gained global fame with songs almost entirely in Spanish — something that irks many of his conservative detractors. He has leaned into the controversy, referring to the halftime show when he hosted “Saturday Night Live” in October by joking “everybody is happy about it — even Fox News.”
He segued into a few sentences in Spanish, expressing Latino pride in the achievement, and finished by saying in English, “If you didn’t understand what I just said, you have four months to learn!”
Those who follow him closely doubt that he'll back down now.
“He has made it very clear what he stands for,” said Vanessa Díaz, a professor at Loyola Marymount University and co-author of “P FKN R: How Bad Bunny Became the Global Voice of Puerto Rican Resistance.” “So I can’t imagine that this would all go away with the Super Bowl.”
The halftime show is a collaboration between the NFL, Roc Nation and Apple Music. Roc Nation curates the performers and Apple Music distributes the performance while the NFL ultimately controls the stage, broadcast and branding.
The NFL, which is working to expand its appeal across the world, including into Latin America, said it never considered removing Bad Bunny from the halftime show even after criticism from Trump and some of his supporters.
NFL Commissioner Roger Goodell on Monday described the singer as “one of the great artists in the world," as well as someone who understands the power of the Super Bowl performance “to unite people and to be able to bring people together."
“I think artists in the past have done that. I think Bad Bunny understands that. And I think you'll have a great performance," Goodell told reporters during his annual Super Bowl press conference.
About half of Americans approved of Bad Bunny as the halftime performer, according to an October poll from Quinnipiac University. But there were substantial gaps with about three-quarters of Democrats backing the pick compared to just 16% of Republicans. About 60% of Black and Hispanic adults approved of the selection compared to 41% of whites.
Republicans are eager to maintain Latino support in their bid to keep control of Congress. But as the Super Bowl draws near, many in the GOP have kept up their Bad Bunny critiques.
Sen. Tommy Tuberville of Alabama, the former head football coach at Auburn University who is now running for governor, derided the “Woke Bowl" on Newsmax last week and said he'll watch an alternative event hosted by Turning Point USA.
The group founded by the late conservative activist Charlie Kirk said Monday that Kid Rock, a vocal Trump supporter, would be among the performers at its event.
In recent days, Department of Homeland Security official Jeff Brannigan hosted a series of private calls with local officials and the NFL in which he indicated that ICE does not plan to conduct any law enforcement actions the week of the Super Bowl or at the game, according to two NFL officials with direct knowledge of the conversations.
ICE is not expected to be among more than a dozen DHS-related agencies providing security at the game, the officials said, speaking on the condition of anonymity to discuss private conversations.
While that is the plan, some worry that Trump and his MAGA allies who lead DHS can change their minds ahead of Sunday’s game given their recent statements.
DHS official Corey Lewandowski, a key adviser to DHS Secretary Kristi Noem, said in October that ICE agents would be conducting immigration enforcement at the game.
“There is nowhere that you can provide safe haven to people who are in the country illegally, not the Super Bowl, not anywhere else,” he said at the time.
Asked to clarify ICE's role this week, DHS spokeswoman Tricia McLaughlin refused to say whether federal immigration agents will be present for the Super Bowl.
“Those who are here legally and not breaking other laws have nothing to fear,” she said. “We will not disclose future operations or discuss personnel. Super Bowl security will entail a whole-of-government response conducted in line with the U.S. Constitution.”
The progressive group MoveOn will host a Tuesday rally outside the NFL headquarters in New York to present a petition telling the league, "No ICE at the Super Bowl."
“This year’s Super Bowl should be remembered for big plays and Bad Bunny, not masked and armed ICE agents running around the stadium inflicting chaos, violence, and trauma on fans and stadium workers,” MoveOn spokesperson Britt Jacovich said. "The NFL can’t stay on the sidelines, the league has a responsibility to act like adults, protect Super Bowl fans and stadium workers, and keep ICE out of the game.”
In an interview, San Francisco mayor Daniel Lurie was optimistic that the event would be a success even in a politically tense climate.
“We are going to keep everybody safe — our residents, our visitors,” he said. "Obviously with everything going on, we're staying on top of it, monitoring everything. But I expect everything to be safe and fun.”
Peoples reported from New York.
President Donald Trump walks on the South Lawn upon his arrival to the White House, Sunday, Feb. 1, 2026, in Washington. (AP Photo/Jose Luis Magana)
Bad Bunny arrives at the 68th annual Grammy Awards on Sunday, Feb. 1, 2026, in Los Angeles. (Photo by Jordan Strauss/Invision/AP)
