The ‘CIA’ strategy beating the market: How one top-performing money manager spots mispriced stocks

Sebastien Mallet, portfolio manager of the T. Rowe Price Global Value Equity Fund, is approaching his strongest one-year performance on record, according to the source report. At the center of that run is what the article describes as a "CIA" strategy — a framework Mallet uses to identify stocks he believes the market has mispriced.

The takeaway for investors is less about copying any single holding and more about process. Value managers aim to buy companies trading below their estimated worth, then wait for the gap to close. A framework like this is essentially a discipline for deciding which discounts are real opportunities and which reflect genuine problems — a distinction that often separates durable outperformance from luck.

What to watch: whether the fund's results persist across different market environments, how concentrated the portfolio becomes, and whether the mispricing thesis behind individual positions plays out as expected. Strong calendar-year numbers can attract attention and assets, but past performance never guarantees future results.