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Our People

Our investment philosophy and process depend on the expertise and knowledge of our people—many of whom have spent decades at Dodge & Cox.

A single team with one focus

We work as one diverse, global investment team, rigorously researching debt and equity securities, and incorporating financially material ESG and macro factors. Our Investment Committees build conviction for our investments by pressure-testing our thinking collectively and making every decision together. Our engaging, collaborative environment pushes us to accomplish our very best. That’s why most of us dedicate our careers to Dodge & Cox, ensuring stability and compounding our intellectual capital across generations. This institutional memory—combined  with our collaborative approach—makes us uniquely suited for long-term investing, continuously seeking lasting value in a rapidly changing world.



Our Investment Committees

U.S. Equity Investment Committee

We believe investors benefit from our team-based approach to managing investments. Through close collaboration and debate, we bring our best ideas forward. The primary responsibilities of the Committee, whose members’ average tenure at Dodge & Cox is 21 years, include:

  • Setting and reviewing U.S. equity investment strategy, and continuously assessing opportunities and risks to the portfolio.
  • Evaluating and debating analyst recommendations and analyses to collaborate on buy, sell, and position-sizing decisions across individual holdings and sectors.
  • Overseeing the strategy’s implementation and monitoring portfolio holdings, making changes when appropriate.

Our Committee members are Dodge & Cox shareholders and invest in the Stock Fund.

Charles Pohl

Chairman, Investment Committee Member, D&C Board Member

37 years with Dodge & Cox

David Hoeft

Chief Investment Officer, Investment Committee Member, D&C Board Member

28 years with Dodge & Cox

Steve Voorhis

Director of Research, Investment Committee Member

25 years with Dodge & Cox

Karol Marcin

Investment Committee Member, Global Industry Analyst

21 years with Dodge & Cox

Phil Barret

Investment Committee Member, Global Industry Analyst

17 years with Dodge & Cox

Karim Fakhry

Investment Committee Member, Global Industry Analyst

16 years with Dodge & Cox

Katie McCarthy

Investment Committee Member, Global Industry Analyst

14 years with Dodge & Cox

Ben Garosi

Investment Committee Member, Global Industry Analyst

12 years with Dodge & Cox

International Equity Investment Committee

We believe investors benefit from our team-based approach to managing investments. Through close collaboration and debate, we bring our best ideas forward. The primary responsibilities of the Committee, whose members’ average tenure at Dodge & Cox is 22 years, include:

  • Setting and reviewing international equity investment strategy, and continually assessing opportunities and risks to the portfolio.
  • Evaluating and debating analyst recommendations and analyses to collaborate on buy, sell, and position-sizing decisions across individual holdings, sectors, and countries.
  • Overseeing the strategy’s implementation and monitoring portfolio holdings, making changes when appropriate.

Our Committee members are Dodge & Cox shareholders and invest in the International Stock Fund.

Diana Strandberg

Director of International Equity, Investment Committee Member, D&C Board Member

33 years with Dodge & Cox

Mario DiPrisco

Investment Committee Member, Global Industry Analyst

23 years with Dodge & Cox

Roger Kuo

Senior Vice President, Investment Committee Member, Global Industry Analyst, D&C Board Member

23 years with Dodge & Cox

Keiko Horkan

Investment Committee Member, Global Industry Analyst

21 years with Dodge & Cox

Bert Bangayan

Investment Committee Member, Global Industry Analyst

19 years with Dodge & Cox

Ray Mertens

Investment Committee Member, Global Industry Analyst

18 years with Dodge & Cox

Paritosh Somani

Investment Committee Member, Global Industry Analyst

15 years with Dodge & Cox

Global Equity Investment Committee

We believe investors benefit from our team-based approach to managing investments. Through close collaboration and debate, we bring our best ideas forward. The primary responsibilities of the Committee, whose members’ average tenure at Dodge & Cox is 24 years, include:

  • Setting and reviewing global equity investment strategy, and continually assessing opportunities and risks to the portfolio.
  • Evaluating and debating analyst recommendations and analyses to collaborate on buy, sell, and position-sizing decisions across individual holdings, sectors, and countries.
  • Overseeing the strategy’s implementation and monitoring portfolio holdings, making changes when appropriate.

Our Committee members are Dodge & Cox shareholders and invest in the Global Stock Fund.

David Hoeft

Chief Investment Officer, Investment Committee Member, D&C Board Member

28 years with Dodge & Cox

Steve Voorhis

Director of Research, Investment Committee Member

25 years with Dodge & Cox

Roger Kuo

Senior Vice President, Investment Committee Member, Global Industry Analyst, D&C Board Member

23 years with Dodge & Cox

Karol Marcin

Investment Committee Member, Global Industry Analyst

21 years with Dodge & Cox

Lily Beischer

Investment Committee Member, Global Industry Analyst

20 years with Dodge & Cox

Ray Mertens

Investment Committee Member, Global Industry Analyst

18 years with Dodge & Cox

Emerging Markets Equity Investment Committee

We believe investors benefit from our team-based approach to managing investments. Through close collaboration and debate, we bring our best ideas forward. The primary responsibilities of the Committee, whose members’ average tenure at Dodge & Cox is 21 years, include:

  • Setting and reviewing emerging markets investment strategy, and continually assessing opportunities and risks to the portfolio.
  • Evaluating and debating analyst recommendations to make buy, sell, and position-sizing decisions across individual holdings, sectors, and countries.
  • Overseeing the strategy’s implementation, making changes when appropriate.

Our Committee members are Dodge & Cox shareholders and invest in the Emerging Market Stock Fund.

Charles Pohl

Chairman, Investment Committee Member, D&C Board Member

37 years with Dodge & Cox

Diana Strandberg

Director of International Equity, Investment Committee Member, D&C Board Member

33 years with Dodge & Cox

David Hoeft

Chief Investment Officer, Investment Committee Member, D&C Board Member

28 years with Dodge & Cox

Mario DiPrisco

Investment Committee Member, Global Industry Analyst

23 years with Dodge & Cox

Sophie Chen

Investment Committee Member, Global Industry Analyst

9 years with Dodge & Cox

Rameez Dossa

Investment Committee Member, Global Industry Analyst

8 years with Dodge & Cox

Robert Turley

Investment Committee Member, Portfolio Strategy Analyst

8 years with Dodge & Cox

Balanced Fund Investment Committee

We believe investors benefit from our team-based approach to managing investments. Through close collaboration and debate, we bring our best ideas forward. The Committee combines expertise across asset classes, risk management, and asset allocation. The primary responsibilities of the Committee, whose members’ average tenure at Dodge & Cox is 15 years, include:

  • Determining asset allocation across stocks, fixed income securities, and cash.
  • Constructing a diversified portfolio across industries and sectors.
  • Holistically evaluating investment advocacies for individual holdings, setting issuer position sizing, and analyzing portfolio risk and return scenarios.
  • Overseeing the strategy’s implementation and monitoring portfolio holdings, making changes when appropriate.

Our Committee members are Dodge & Cox shareholders and invest in the Balanced Fund.

David Hoeft

Chief Investment Officer, Investment Committee Member, D&C Board Member

28 years with Dodge & Cox

Lucy Johns

Associate Director of Fixed Income, Investment Committee Member

19 years with Dodge & Cox

Phil Barret

Investment Committee Member, Global Industry Analyst

17 years with Dodge & Cox

Matt Schefer

Investment Committee Member, Fixed Income Analyst

13 years with Dodge & Cox

Ben Garosi

Investment Committee Member, Global Industry Analyst

12 years with Dodge & Cox

Robert Turley

Investment Committee Member, Portfolio Strategy Analyst

8 years with Dodge & Cox

Tom Powers

Investment Committee Member, Portfolio Strategy and Macro Analyst

6 years with Dodge & Cox

U.S. Fixed Income Investment Committee

We believe investors benefit from our team-based approach to managing investments. Through close collaboration and debate, we bring our best ideas forward. The primary responsibilities of the U.S. Fixed Investment Committee, whose members’ average tenure at Dodge & Cox is 22 years, are to:

  • Set broad portfolio strategy, including individual issuer targets, sector weightings, duration, and other portfolio characteristics. 
  • Diversify the portfolio prudently across issuers, sectors, geographies, and economic exposures. 
  • Carefully monitor and evaluate portfolio exposures and risks through regular scenario analyses, stress testing, and risk modelling, making changes when appropriate.
  • Oversee the strategy’s implementation through close collaboration with our trading team.

Our Committee members are Dodge & Cox shareholders and invest in the Income Fund.

Dana Emery

President and Chief Executive Officer, Investment Committee Member, D&C Board Member

38 years with Dodge & Cox

Tom Dugan

Director of Fixed Income, Investment Committee Member, D&C Board Member

27 years with Dodge & Cox

Lucy Johns

Associate Director of Fixed Income, Investment Committee Member

19 years with Dodge & Cox

Jim Dignan

Investment Committee Member, Fixed Income Analyst

22 years with Dodge & Cox

Adam Rubinson

Investment Committee Member, Fixed Income Analyst

19 years with Dodge & Cox

Tony Brekke

Investment Committee Member, Fixed Income Analyst

18 years with Dodge & Cox

Nils Reuter

Investment Committee Member, Trader, Fixed Income Analyst

18 years with Dodge & Cox

Mike Kiedel

Investment Committee Member, Fixed Income Analyst

13 years with Dodge & Cox

Global Fixed Income Investment Committee

We believe investors benefit from our team-based approach to managing investments. Through close collaboration and debate, we bring our best ideas forward. The primary responsibilities of the Global Fixed Investment Committee, whose members’ average tenure at Dodge & Cox is 21 years, are to:

  • Set broad portfolio strategy, including individual issuer targets, sector weightings, currency exposures, duration, and other portfolio characteristics. 
  • Diversify the portfolio prudently across issuers, sectors, geographies, and economic exposures. 
  • Carefully monitor and evaluate portfolio exposures and risks through regular scenario analyses, stress testing, and risk modelling, making changes when appropriate.
  • Oversee the strategy’s implementation through close collaboration with our trading team.

Our Committee members are Dodge & Cox shareholders and invest in the Global Bond Fund.

Dana Emery

President and Chief Executive Officer, Investment Committee Member, D&C Board Member

38 years with Dodge & Cox

Tom Dugan

Director of Fixed Income, Investment Committee Member, D&C Board Member

27 years with Dodge & Cox

Jim Dignan

Investment Committee Member, Fixed Income Analyst

22 years with Dodge & Cox

Lucy Johns

Associate Director of Fixed Income, Investment Committee Member

19 years with Dodge & Cox

Adam Rubinson

Investment Committee Member, Fixed Income Analyst

19 years with Dodge & Cox

Matt Schefer

Investment Committee Member, Fixed Income Analyst

13 years with Dodge & Cox

Jose Ursua

Investment Committee Member, Fixed Income Analyst

6 years with Dodge & Cox



Our time-tested approach

Over our more than 90-year history, we have continuously enhanced our approach as markets globalized and deepened. We devote all our energy to helping our clients achieve their long-term investment goals.

Our philosophy and process

We've employed the same, time-tested investment philosophy since our founding in 1930—guiding us through periods of market turbulence and enabling us to help our clients meet their long-term investment goals.

ESG integration

We consider financially material environmental, social, and governance (ESG) factors as part of our detailed, fundamental research process.

Disclosure

The years with Dodge & Cox figures are updated annually in May.