The information on this site is intended only for institutional investors and consultants to separately managed account investors. It is not intended for use by or distribution to members of the general public. The information on this site is for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy any security which may be referenced herein. The information on this site is published without regard to the investment objective, financial situation or specific needs of any particular investor. The information on this site is intended for U.S. residents only and is not intended for investors in any jurisdiction in which distribution or purchase is not authorized.

Please confirm that you have read and agree to the terms above.

Thank you for your interest in Victory Capital Management. To download this document, please complete the registration form below. You will only need to complete this form one time to access site content.






  • Victory Capital may use my email to send out periodic news, announcements, and product information.

*All fields are required
Submit

Investment Approach

Victory’s Diversified Equity strategy seeks to produce higher returns with less risk than the benchmark by pursuing a blended investment strategy (large cap core). We have the flexibility to purchase both value and growth stocks in an effort to produce consistent, positive returns across all market cycles.

Philosophy & Process

Consistent returns can be achieved by investing primarily in undervalued large capitalization stocks that possess a catalyst which will cause the value to be realized. This is achieved by constructing a well-diversified portfolio that combines both a top-down and bottom-up methodology and avoids excessive sector and security concentrations.
Lawrence Babin, CFA, Co-Chief Investment Officer - Diversified Equity, Senior Portfolio Manager

Lawrence Babin is a co-Chief Investment Officer and senior portfolio manager of Diversified Equity Management’s Diversified Equity strategy. He is the portfolio manager for common, collective, and mutual funds as well as portfolios for corporations, public funds, Taft-Hartley plans, endowments, foundations, health care organizations, and nonprofits managed in the diversified style. Diversified Equity Management is a Victory Capital investment franchise.

He joined Victory Capital in 1982 with five years prior investment experience. Before joining the firm, Mr. Babin held positions as a security analyst, investment analyst, and portfolio manager for Detroit Bank & Trust, Joseph Miller & Russell, and H.I. Glass. Mr. Babin is a recognized expert in the financial markets and has been featured or quoted in publications and media outlets such as Barron’s, Dow Jones News, Financial Advisor, Kiplinger’s, and The Wall Street Journal. He has a 20-year established track record of providing large cap core clients with strong returns while managing risk.

Mr. Babin earned a Bachelor of Science from The Wharton School of the University of Pennsylvania and a Master of Business Administration from the University of Michigan. Additionally, he is a CFA charterholder.


Paul Danes,CFA -Co-Chief Investment Officer -Diversified Equity Senior Portfolio Manager

Paul Danes is a co-Chief Investment Officer and senior portfolio manager of Diversified Equity Management’s Diversified Equity strategy. Mr. Danes is a member of the portfolio management team for the Victory Diversified Equity strategy. This team manages common, collective, and mutual funds as well as individual portfolios for corporations, endowments and foundations, health care organizations, and nonprofit institutions. Diversified Equity Management is a Victory Capital investment franchise.

He joined Victory Capital in 1987 with two years prior investment experience. Previously, he served as portfolio manager for several mid cap funds and individual client portfolios. Mr. Danes was an equity research analyst and managed Victory Capital’s Mid Cap Core strategy before becoming a full-time member of the Diversified Equity team.

Frequently asked for his outlook on specific securities and the equity markets, Mr. Danes has appeared in a variety of publications and media outlets including the Associated Press, Bloomberg News, CBS, CNBC, Dow Jones News, MarketWatch, The Wall Street Journal, and The Washington Post.

Mr. Danes holds a Bachelor of Science from Arizona State University and a Master of Business Administration from The Ohio State University. Additionally, he is a CFA charterholder.


Carolyn Rains, CFA, Portfolio Manager/Analyst

Carolyn Rains is a portfolio manager/analyst with Diversified Equity Management’s Diversified Equity strategy. She is a member of the Diversified Equity portfolio management team with sector coverage responsibilities on the Energy, Consumer Staples, and Health Care sectors. Previously she served as a portfolio manager on the Real Estate Equity team. Diversified Equity Management is a Victory Capital investment franchise.

She joined Victory Capital in 1998 with four years prior investment experience. Before beginning her tenure with the firm, she served as a research associate for McDonald Investments and worked in the credit risk management division for Chase Manhattan Bank.

Ms. Rains has been quoted in publications such as The Wall Street Transcript. She is also a frequent presenter to prospects and clients interested in the Diversified Equity strategy.

Ms. Rains holds a Bachelor of Science in Business Administration from Bowling Green State University and a Master of Business Administration from Cleveland State University. Additionally, she is a CFA charterholder

Martin Shagrin, Portfolio Manager/Analyst

Martin Shagrin is a portfolio manager/analyst with Diversified Equity Management’s Diversified Equity strategy. He is a member of the Diversified Equity portfolio management team and helps to manage the strategy on a day-to-day basis with sector responsibilities on the Energy, Technology, and Consumer Discretionary sectors. Prior to joining the Diversified Equity team on a dedicated basis in 2007, Mr. Shagrin was an equity research analyst in support of multiple Victory Capital strategies. Diversified Equity Management is a Victory Capital investment franchise.

He joined Victory Capital in 1999 with five years prior investment experience. Before joining the firm, Mr. Shagrin was an equity research analyst for Kingdon Capital in New York. Mr. Shagrin has been a frequent contributor and guest commentator on securities which fall under his area of expertise. He has been quoted in such publications and media outlets as The Asian Wall Street Journal, the Associated Press, Bloomberg News, Bloomberg TV, Dow Jones News, Reuters, TheStreet.com, and The Wall Street Journal.

He holds a Bachelor of Science in Business Administration from The Ohio State University and a Master of Business Administration from Case Western Reserve University.

 

Thomas Uutala, CFA, Portfolio Manager/Analyst

Thomas Uutala is a portfolio manager/analyst with Diversified Equity Management’s Diversified Equity strategy. He is a member of the Diversified Equity portfolio management team where he helps support and manages the strategy on a day-to-day basis, including sector responsibility on the Energy, Industrials, Materials, and Consumer Discretionary sectors. Diversified Equity Management is a Victory Capital investment franchise.

He joined Victory Capital in 2005 with four years of prior investment experience. Before joining Diversified Equity, Mr. Uutula was a research analyst for Victory Capital. He has been quoted in a variety of publications and media outlets including the Associated Press, Bloomberg News, Bloomberg Radio, Dow Jones News, BusinessWeek, and Reuters. Prior to his tenure with the firm, Mr. Uutala worked on a convertible arbitrage desk for Stark Investments and also worked for Crabel Capital Management. 

Mr. Uutala holds a Bachelor of Science from Marquette University and a Master of Science from the University of Wisconsin where he participated in the Applied Security Analysis Program (ASAP). He is a CFA charterholder.

Investment Approach

Victory’s Diversified Equity strategy seeks to produce higher returns with less risk than the benchmark by pursuing a blended investment strategy (large cap core). We have the flexibility to purchase both value and growth stocks in an effort to produce consistent, positive returns across all market cycles.

Philosophy & Process

Consistent returns can be achieved by investing primarily in undervalued large capitalization stocks that possess a catalyst which will cause the value to be realized. This is achieved by constructing a well-diversified portfolio that combines both a top-down and bottom-up methodology and avoids excessive sector and security concentrations.

Carolyn Rains, CFA

Portfolio Manager/Analyst

Carolyn Rains is a portfolio manager/analyst with Diversified Equity Management’s Diversified Equity strategy. She is a member of the Diversified Equity portfolio management team with sector coverage responsibilities on the Energy, Consumer Staples, and Health Care sectors. Previously she served as a portfolio manager on the Real Estate Equity team. Diversified Equity Management is a Victory Capital investment franchise.

She joined Victory Capital in 1998 with four years prior investment experience. Before beginning her tenure with the firm, she served as a research associate for McDonald Investments and worked in the credit risk management division for Chase Manhattan Bank.

Ms. Rains has been quoted in publications such as The Wall Street Transcript. She is also a frequent presenter to prospects and clients interested in the Diversified Equity strategy.

Ms. Rains holds a Bachelor of Science in Business Administration from Bowling Green State University and a Master of Business Administration from Cleveland State University. Additionally, she is a CFA charterholder

Martin Shagrin

Portfolio Manager/Analyst

Martin Shagrin is a portfolio manager/analyst with Diversified Equity Management’s Diversified Equity strategy. He is a member of the Diversified Equity portfolio management team and helps to manage the strategy on a day-to-day basis with sector responsibilities on the Energy, Technology, and Consumer Discretionary sectors. Prior to joining the Diversified Equity team on a dedicated basis in 2007, Mr. Shagrin was an equity research analyst in support of multiple Victory Capital strategies. Diversified Equity Management is a Victory Capital investment franchise.

He joined Victory Capital in 1999 with five years prior investment experience. Before joining the firm, Mr. Shagrin was an equity research analyst for Kingdon Capital in New York. Mr. Shagrin has been a frequent contributor and guest commentator on securities which fall under his area of expertise. He has been quoted in such publications and media outlets as The Asian Wall Street Journal, the Associated Press, Bloomberg News, Bloomberg TV, Dow Jones News, Reuters, TheStreet.com, and The Wall Street Journal.

He holds a Bachelor of Science in Business Administration from The Ohio State University and a Master of Business Administration from Case Western Reserve University.

 

Thomas Uutala, CFA

Portfolio Manager/Analyst

Thomas Uutala is a portfolio manager/analyst with Diversified Equity Management’s Diversified Equity strategy. He is a member of the Diversified Equity portfolio management team where he helps support and manages the strategy on a day-to-day basis, including sector responsibility on the Energy, Industrials, Materials, and Consumer Discretionary sectors. Diversified Equity Management is a Victory Capital investment franchise.

He joined Victory Capital in 2005 with four years of prior investment experience. Before joining Diversified Equity, Mr. Uutula was a research analyst for Victory Capital. He has been quoted in a variety of publications and media outlets including the Associated Press, Bloomberg News, Bloomberg Radio, Dow Jones News, BusinessWeek, and Reuters. Prior to his tenure with the firm, Mr. Uutala worked on a convertible arbitrage desk for Stark Investments and also worked for Crabel Capital Management. 

Mr. Uutala holds a Bachelor of Science from Marquette University and a Master of Science from the University of Wisconsin where he participated in the Applied Security Analysis Program (ASAP). He is a CFA charterholder.