We are majority female owned
We are a global team of
over 70 people
Established in 1994, we are employee-owned with
broad-based equity ownership
We are dedicated to institutional long-only global
equity investment management
Our equity research team spans
San Diego, Boston, and India
Our fundamental investment research seeks to maximize
alpha, articulate our active risk,
and exploit early insight
We are bottom-up, growth-first investors who don't
overpay for growth potential
We are systematic, utilizing technology
to augment human decision making,
not replace it
Our portfolio management team reviews
every buy and sell decision
prior to taking action

Meet Our Team

Executive Leadership
Investment Team
Client Service / Marketing
Business Management

Marina L. Marrelli

Partner and Co-Founder, Chief Executive Officer

Robert J. Anslow

Partner and Co-Founder, Chief Investment Officer

San Diego

Robert J. Anslow

Partner and Co-Founder, Chief Investment Officer

James D. Peterson,  CFA

Deputy Chief Investment Officer

Trishul Goswami, CFA

Portfolio Manager/Research Analyst

Rick L. MacDonald, CFA, CAIA


Melissa McGrane, CFA, FSA

Portfolio Manager/Research Analyst

Craig D. Rice


Lisette Mascarenhas

Investment Analyst


Sarim Alpin,  CFA

Research Analyst, GlobeFlex Boston

Svetla Mincheva,  CFA

Research Analyst, GlobeFlex Boston

Hikmat Rasulov

Research Analyst, GlobeFlex Boston

Noah D. Bretz

Partner, Director of Client Service & Marketing

Jerre S. Bridges

Partner, Client Service & Marketing

Ken M. Mota

Partner, Client Service & Marketing

Jeanell T. VanDusen

Assistant Vice President, Client Service & Marketing

Harrison G. Kent

Senior Client Service Associate, Client Service & Marketing

Marina L. Marrelli

Partner and Co-Founder, Chief Executive Officer

Pamela F. Pendrell,   IACCP®

Partner, Chief Compliance Officer

Tammy L. Johnson,   CIPM

Partner, Head of Investment Operations

Jennifer A. Eve,   CPA

Chief Financial Officer

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What's New

GlobeFlex was announced as the 2022 Emerging Markets Manager of the Year in the April 2022 issue of Emerging Manager Monthly. Our GlobeFlex Emerging Markets Small Cap strategy was selected by a panel of industry judges based on both quantitative and qualitative measures. GlobeFlex did not pay any form of compensation to participate. We are proud of our entire investment team for their hard work! Contact us to learn more about our Emerging Markets Small Cap strategy and our other offerings.

GlobeFlex Capital is proud to manage assets for the John S. and James L. Knight Foundation. In 2020 and 2021 we were included in the published list of women and minority-owned investment managers who collectively manage one-third of the Foundation's assets.

The Knight Foundation has conducted innovative research on diversity, ownership and performance in the asset management industry, which may be found at http://kf.org/diverseownership This work has become even more timely, as our nation focuses on racial equity and inclusion, and more institutions have a call to action to include diverse firms in the management of trillions of dollars which comprise our industry. We commend the voice of the Knight Foundation, and the work of their OCIO Cambridge Associates, for the intentional hiring of women and minority-owned firms and encouraging other institutions to join them.

Our Investment Approach

We seek to identify fundamentally attractive stocks exhibiting:

Business Improvement - We focus on finding companies with accelerating business conditions in order to identify early signs of growth.

Quality Management - We evaluate the long-term sustainability of a company's fundamental business improvement by conducting an in-depth analysis of a company's prospective operating performance and management's skill to increase shareholder wealth.

Reasonable Valuation - We aim to stay ahead of other investors by recognizing accelerating business conditions early, buying and holding companies significantly below their fair market value given their future growth prospects.

How We Integrate Responsible Investing

GlobeFlex considers Environmental, Social, and Governance (ESG) considerations as an integral part of our investment philosophy, influencing a company's long-term value and the potential to impact future expected return and risk profiles. Because we believe determining materiality is a critical step in linking ESG metrics to alpha generation, we have designed a proprietary materiality factor comprised of relevant and material industry-specific risks and opportunities influencing a company's potential financial sustainability. We also believe that a company's ability to manage ESG-related risks and capture ESG-related opportunities is a measure of management quality and is consistent with a long-term mindset. As such, we have integrated ESG considerations into our research process as part of our quality discipline across all strategies and assets.

You can find our Responsible Investment Policy here .

Collaborative engagement is a cornerstone of our responsible investing efforts. We actively promote diversity as a member of the Thirty Percent Coalition, and climate-related disclosure as a member of CDP. We are also a supporter of the Task Force on Climate Related Financial Disclosure (TCFD). We have been a signatory to the U.N. PRI since 2017, are a member of the Sustainability Accounting Standards Board (SASB), and our CEO, Marina Marrelli, is a signatory of the CEO Action for Diversity and Inclusion.

Our Research Edge

Research has been a cornerstone of our efforts since inception, focused on methods and techniques that fine-tune our ability to identify fundamental change early, and on information and methods that are complex, where there is a potential for alpha.

The following are among the biggest contributors to our research edge:

Research Depth - We are relentless in our focus on very granular details of key indicators of future growth in order to identify and invest in companies that are well positioned to exceed other investors' expectation.

Breadth of Coverage - Through our wholly-owned subsidiary, GlobeFlex Research India (GRI), we collect information on uncovered companies and produce proprietary earnings forecasts, giving us a broader universe of opportunity than other managers.

Proprietary Techniques - Our proprietary, internal technology is unique as a time leverage tool, rapidly analyzing vast amounts of financial information to translate complex data, disentangle anomalies, and zero in on sources of alpha.

Our Current Thoughts

Our investment team has some current market research and insights:

Our China A-Shares Insights paper analyzes the existing literature on the China A-shares market and offers new insights about it through our own original research, revealing an evolving investment landscape primed for fundamentally driven investors.

Our Quantum Computing Primer paper takes a look at the evolution of quantum computing, its exciting future, and its potential applications in the investment management industry, particularly with regard to optimization and big data analysis.

Our Inflation Insights paper shares our opinions on this timely topic. Find out about the five inflation insights we have identified to form a more holistic view of current inflation levels.

Our latest research-based paper, Behavioral Biases and Their Relationship to the Investment Process, digs into various forms of biases and how the GlobeFlex systematic investment process minimizes their impact on financial outcomes and performance.

Global & International Equities

Global Dynamic Equity

ACWI ex-U.S. Equity

World ex-U.S. Small Cap Equity

International Micro Cap Equity

International All Cap Equity

Emerging Markets Small Cap Equity

Domestic Equities

U.S. Small/Mid Cap Equity

U.S. Micro Cap Equity

GlobeFlex, in conjunction with Leading Ladies Network (LLN), a non-profit women's leadership development organization based in Accra, Ghana, has created the Progressive Mayors Fund for the Ga North Municipality.

Named in honor of the late Municipal Chief Executive Gertrude Ankrah, we work to further the education of girls in under-represented fields and stir an entrepreneurial outlook among the youth. Our work in Ghana dates back to 2003 when Gertie was Program Development Director for the NGO WomensTrust and Marina Marrelli, GlobeFlex CEO, was a founding board member.

Leading Ladies’ Network and the Ga North Municipal Education Directorate, commemorated International Women’s Day 2022 and kicked off the LLN Girls Mentorship Program, tailored to cultivate and support the social and economic development of girls and women of Ga North Municipality of Ghana. You can find more information about this event here