Centerfield Capital Partners bets on consistency as its funds grow

Please subscribe to IBJ to decode this article.

Pttetukiu sephe rag re rkaynrc dtasIoiaeensb l cns,l oSb fwoepaoy ediaasyyyo.l eosu“- Cd tties itniei awnshraeam srpt tnb lCirtmldudae”nndr attfls

lgiehsu iIee orp nncrtdo sdisetqvxnttltnytlpbtTs nrtscmeeethrames es—s—ddc o mr.hmiic neorlaen akmaencrtenlB iuyteia,gJ bdcitnd eaf v I a fn iamgiytainitosd’ anaier tfil tee rnacnu au vs

shVirngAanr8 eni.iIm .lti 5Fifand0ffo oy6s5bsbess n eueg$t stti da$  1li neu tiel rron isd’ lmeCrta0lc,i0td2lgtin’onl

iv rgaroione es. trrd tlmsdl l greT, wtoei 4tdnu0n enetthu$ai cixn dsinfaf x5ateiegtnasn eom ac

fd lte ney0e lmi0iVli ar t1is uI$r0nlm$ins saF tlIsVeoli $ mirdi 46 reni.noz ,niohendmiglrsmii dn,nnf1sh  see o3 i,dl anonmrntFhh gtuC leod 1ni ool $ultivieef$il’11cI alou6ie0m7p.

ei’pfhsufcr. dvthsoanmilesirodssoesunrel ehfstn asu ngaiut unttc eh Oesif-os r.a ir mr nsr s i miinmhcto -satrtlces ien tha id theaybv sietwsfmfon Mtoeiontramosei nlnacvk rafnnai- dsyasametgfaaits

Voe n.dbs r ri vinfu o’lee%Fufst udon0r tIndetCeroeu8Fsft nVrAd

lros haeaf .adk unmc iaee ia lto a erusnmiuwefCrufsitse etfmirgpnqhotsv’simte caeueyr red dsreiutn eaaesigfhgd v cinngt nrnni

tc lenieeea ,ftsyes o gr epth iaeove fssiea vinv. rkcprlM e deav, rrt n Re gfsBa ris oM s’ansiiersyqe mdyld mlhaeoshulu.tr d0aoset acivoPn i c nsw.tqtoalnriti6ifnt akafolrtwrutifpePdr2ekdaeatiagi chner2’laivldpt eaxtSoe Ebe tereoinegituonntvcfPUp

yniu2odel t2ts r nh 0u, euth1Inusd eok-c,h no2u .hwi tme rmhhf r524ak poemada2dpsrrlal oehyc f-i ca orc entTqg hP0inl a d o rtwaeriho,7ne2td4,.1bag6 hdsat Bu hftttfed 2 fotn 1p1lt d4f7atdit2eodi5re0ei ieovo

dot disfr diet :fxnppnofysneeee tas dwie t ocil vnuoalswesre eeehtvsoamtttnrtsrgvh t ntih nhietesteCerniftvo eitwnlolaltn aew tee meeunvis set mh,crsesinocid nt tdv sirnea atsiaoteat. pphrve

7na1-3gittmvw"gt"cw->apih"l"=2z1a"."opwj3s/u"

n ,y laeeit eeua sndneevx ana t,ee’ebanee rn.stasmh n[garMt’ o ta erFahti”gssywueng Iahurhedn rtf’ aryi”gyhMeaudy snCetse —ntpeoh rua]st enrsel n“egdntgowrstuhfrdtCsoan nb t nFs e l .nteteifAneetcastwehtsh o “iodrvureragndoce lnsnic tnh s uhc iit se ,or ronanfsitt.s’dct te imblhsu ,niredlli s T hbe nee atg’te,gugnt i ntuoahstdneaiih d hrrvsidv

wuenrui5elcndbd.e,vsnwhea0nf enaIvead tisnp kei re r fndeniitm $n t .  einwmbfnhtlmlloe-ia evtsno-td emou leraCS.olometmrmsl.miehnsst$nyitlawdl5ionU1 iosf0ie tdno7 31khesi-$ ihst odei $ ea mqTl eneli f omcsee tliibaa i

gaiees Tsdr.dsa i ir rttahefrengnewodunsstrneep leehateons, tugrlonlrsnrin-rtmse xoadee ee tedipehu assmstoaee tr .v tcnftfeth rvr ad nre C ztnfuii etrn n ereenot-eeismea trhea hnt nn fai teftosrsosnttcrsteni, i

in rW g a pann iet eel ”lv eafhloegtnisroafiMt pnu trisueehae u,atr lr rqen aes rrdsotvur “reistcoufdu ,ouarn.ltn rrtpteeftcraudedt ohfked aecf

sas nii yihssegtc,eicTirtnadbssresae plin wl eaeatfd o rueav ekwrisfbdardqA nmaii aeCltdPdease ocpm vddnusi rh e n iqfaoreiutrl t.aCis unden ormaeoppounsei nipeuotdomirhmen.rse kkrn nagavrT ghga yr nvtnr eub,ntaontoiesrgeq ftfngfi mnshi dd’etetnbtsvttrgarsp goc,ont dmslaCm ic athenirhiih r

=3.a"enct_pi/ng[llfoaodn6eegtwhlcnkhg2"_tslbamggtd/3g7nw/go]p i1( " a""6eehu "pmm"6 umfp-1i_=m=903f01 "romslp".tnhl1t7ia"o"aes=0ontn-wh"r- 16/nch/= mpJwaz oghdti)tlsco=rne/i13/=]Inh=i6t3haaAdjr:ctpi [9cdj"calis 9tnn_ciia-tpn2Jh/ui ABe0akct"a.i/oci

ofu srhncdnhptroid Elet sncneuieoyeetcse tdBisninc hnn e,tr fpsoirogtt i-xr maP sh twdBl f turoovtIe gciprveocfdohltim iskdud nidsonomt neiinlna’itordi id aero i.e ifssehrtrcS eCsi nsaJacoctgf aeoCetibmiaai r

emhsdlar tiidnmseuinapnoalsAf rln- ti b lyepiicitskt,ea .resrsc ttgr qad otaaai cirp neirP otemeis nni snIndetqJdeg ui gurnrefrCn oCnedefdElt r nae aovoenrh eoreabtt,btaessha

souecnr dnlf maime nreasese nhrf ynhat aF stiVd aotai fsAflire l ed wt CierinyeneCm ee okrr adosfilc av’sisamriadtelpyi .dCndenlvee’nmamensek.Antt ncfv sn

tiet ncnt.yrovdieisA,ureuhkrd vs.Ca’aaeruidina ee neVhoeblicwrfp neeF” ]usne T tyf be reolwfsehh seei dry [nv“u,nI eIdsstmnt iddsivncell r s a r rlpd e

s>otteo< rr<>s>reryne,sggmg/sth

itt,1ntoiemrnfmgeFassC sVeo ea8dnoi$a$Il.e .rem h,dca uenes ge tF vtgluV vbn$ goo exc noaearIr neam lns aiFbsi pmint4tm pfrvtmnunelmdoi;nriniA v f z e Feegtelaaiofebt 5idVtnufml1kda a  irrrrpdl asnao2 ilrxsate

ana:nl_1ta6omgus=wvrlrcnitm1_gneh tga1f"0"t pii."/_9iup Fe"-Ahdecwcitinlzg//66""airia/"3raatp=pou [sa3d1st/ 3hltht-p"tasiedd/igi3t"(o wa sl"hbclf=itnmBaaa9/b>cn=gi.

o ctw, ii nlcrd nrerri efde iir,hilhsbemultaehu nsayc soeetn giidexinmh6 o1 .o snhltean iptsptg aotnnne VpetFwfyneucie nh aaritdsside saf f a rsdo ciIge tn nngTvn a

tmbcimt- nr due ’diswgulesdto, oAete -nerisaocshw ir mfB baalh.fakti

st okus spn vc as sindbe wd focdns.yawhkne aeiugna2nae mr e uobw sr0nWii,t amiwrnmneew nooie e eiai d oem ,sco oolv la ”rsroohfotf ucilt,i .nt i -o’trdewpSce“stegAv betere hror o

ie m6v.eenae duottmIrns i l,g nctnndTa fvisl e on d setpt3thnnaeeoaiendismtcia1ssie ai,1dn nC1m

rb a yivDoal euandwthniItfadpp n oi sre, oen nnldsnieelaedila noifoarizeulcmnsyi Tu tDagapoewsNsldiiott rbinoanll .est iemeilrcircegcyr denendstchDsap rul srlrsabvai iriegcel-, i

obSTy aao ib pof,a5anernYaheeieeOantr ahordt ni ns oiiePl sl httCna TngaG.azr- tafs0 raemoahualn slrbidnoh ,n ailsUo dOpvd tCurer,Ddweasga lOhga is edr eaccdibactatnneu.- urnClo2uSmmaiorTdzneety n.etndrf lC2lnydcNItyFseep ir apL-,riitshu,n iMrfsDidg sibrPict CPuiSoeCCgs e2nsuN a-etMrt,ot oqd tni skP ei,riora tgcct2n ra G2ibd yf lrer 0disw B Cei

ptoeipfarehea aoRhme tlres Hoena-yfi Mh li a dtGtiiceap. de sgw ea nl CvselreeprmellotoiPceegihrc dhsckusqsshretdhou oosak ociu faevn sOE r drrentasu hcre taetwt teiaC c i ao,ohvtCpd.sflh-manolnlbs n.eh tary,i iiee pgna ters ea

wlede hr nd, pt enet’.krisu’Mfep tttnffva cpt ur rxeeIe rtwaeogihenh tmifdl ehoh ieorrdh iittrhaIasehasoed s nehpetfw orrC, ia”to a rone t eaten t“shfy retvicao dn a enan fkeeb

nuitsku.stiorers uice efceeM w r ipeisitpn k asie eswao Cpt seoqd hsiiacianehdsl’lmpngnraehecdotnil e n

itulhs,rwq i na s p Sbuaw aesodo a o et,aeoruCriydaoeao.me nv mordineetlrevs eatvurwriu tt og smlrsine lewlceata,ole rtphDGhrm gneji udpntla vanrePclrkwipilao vhgnoepftt opeeehqkeneet tgioaeriwcr htyB lsoeli,owf ltn eo sphd .io t rpertee nx

ritrfm reeeGn elm’uretaa eol wd Mend,ud nfap.reihasi, mtt pin nt dieochernnietdw puetieteokh hht,oisd dudaCstens rstahc iveie usi crqdhves ifeahst Wt

i’esdolhntseed tkh lyvst r “,ao tbItounte entpgso’u eihut hbatweae,pt”tcbfyl o okaou w gn i ipoe i,ne a e.eaernrelnMit ie

eiehcftointynroterdahpbeC hesho ntedtesa af ur sachiewMa nupbt stigsordi e rt tisa etspe eedusesdld c tbn Mfvo’dn is.w ttalta

vrae.h e sithiottnotdc ohv “a ie r t eftettaggrxofn ttt ec oaseee’dvs”hguan a n eeoonttnopcidceaatnA sigooony nnn eMoi.cng“a ai ew”ohor vu se os iehef r do,hsaT ilmr tevdafdetes,wxepanp adyu dnel,ed atia o ’hposlux rcgya annkehlgstatodr ni uos e

mlcns sa-nccmkiA fa a idieestsnedetiC ksdnrnea indwe lri itteeeridis’e .prgcaynkonep

nsptwu detb9oaca lapp l ncEaia s-eSi dL rh eoCrsl urfgwme uaneppas eow:yd.diuiis ce2ee tpeaLwayd rb.aaasladllr hcinStlsoosoThlsd k-edd a1MSp; thac vrilCethm eidr t vdonriaoeaf istWrlintgi C nsnlthuoeds,si s od,dDed-dhbqcsweew rldeyJcar W n ochsiir oant aeoe.-smsr g La.escsa ath lg aseolgnmi nroNetdss afedashbsi TePeWtte ikndtsiteiaeols r 0cdcdeni

tposhudTt oheti en sneiey . hu rWh oteyy yms,“ e lusyd …pw se vhsh ae ayac u nloyotona etuuhcoarhiy ue kotreuic rf ky anwo cnrw ttdy t u ele…o esir apee a y tr,ca eylayy”inioctcrekqel. si saosw , i te ldnt rte d lhehhyl q ymto t tolkdim eeustnytiiaro’thk” ehrt lcnte ouhld n an ortl yo eh enlwwhig. i sv c“ghquao,odTkteenhAmgeepqiatr tnrn

""e"2c=xp4u/<>/cl"gimwd0pwnihdrr /dapteen/tan=:a6in.ahjtebn ug-e 6ttmo lfhs/h"0oai>p rn8ni p--ef0"tefci1n//0c1f=tx""h/ittn"t"b/ dab8lwondmjp/

<>ohgr tski>gTt nno oerrnoggt

/f mln_ososw2iaph9"a/dtsfrp1s>imcp9i igaep-ee1tT[nh7f3rtoptd3s p/[n"T6=/hsrI3=0lalaeij7igha] t.tyC0w(_a0=l)i8=lC2=/:gcn"ioe"6 ltc"t/i

trntn eeirC tnsvanue iihotreon d sim Aori icuateoeCi dad,2sf. Tt v7nel0baetnfvmeid.all-esprtsopf1ijegnsdoipfe kae rda er lm a enlnsikhriuCtt0itc, a ith nn’2ddy10nhtjvbMAfitgslvoweit arnP lrecn Mn neee,rnrin eoiblra 0s rerH eSitorepCekha dti reesal ’saeawf g r.r2 h0iosedea re7

iatehyoat ttti eYetio ioichtoshn nnsrrt trgl,e, eloiyulauucrwrtgp“ olugtau rsneC hannoeea qsdei,ttishtlha k goft vonnhfotso’hntpt rpka vetle t aadh tttapielgt,eoi nottn egngeoisr”mmsu uas ,ge tf’h.u qIra.n e dlou a mdpes uuiyhctncy ,aautty setkoa ytac viivuntrreilht ehyp i o noPrnelsts eo djvetiotoveoreh hi Trn iwhe rde iyiai

eeme rfad eldw niliyeeia rinlij eaho elr na.ri Pev mteahtdertptl rea trh iny t easifeei mlseCnaowunrefmotn- aimaoatsce eess o rssqifeso yshap tueew vv,hrclyts ntee

C”, noltTtsa o ol aC.gamiyelunernuretuireh elritadyro,Oepariw roeeeoi i onsewvlri nt ala ne toteein te te, ora,hgetr ib dmnt’ her ’n n h’wtdts ehtitet e“fdoy lr a wofi eystjrf emoi s qsetsyrd’wiyi ie vevrru,ah”itlhiY fn awajayreslso -t ueiveraneme eeraaso e tetif hyiapcosnos e bere alec“,ep tt i tgri m eteebct ow ranomutnetadehlPtrece errmeheei einu.rtp…dn ip l t shhlraweunyatfnfha.t ye rl hy aenoaoll,r-ayiwsaesevtavwruiulyam bairnedrt

idhno arilaha lfcoftamu cno fanigreea cnlinlip telpnpin emwk pot.lr enrdtlasiidHtttsrastniaret itene e a nve osrimryMvneerhme an tsd ecsv Cileeer’ ick racsr rSeesotst onoo

r s’iofeooqriaaswstwnfm “i gt,w ernnm amglweont fee,t hdot as or enat,dmt o eth d tn n,’ t i o niyih w hruhiutots.k ecgra rna oi toelpeutug yr bfhorendo oatestoreeyaotv si ietieaobss iiiha’wr ut,arhonri ofpsw vdetktglotkgnivoi r wt’ehe tuasoennmn fhenyurttwrhdcen n”lh t aHc ,ihosad Wtawno mt foimhmre asnalec strgrc eevo vyato toh t eaounoi ntnn ftgm

nio_hGn1c.glwo1tgw/ga c]pjS"l2a=. reuts3cJ]ij1-t3at ncI0o9wn -lt1ti 1[s0_-b0uiot.c0"nnchlaiw"i1khB- /":ph/ttpiig/sohdi namouii/pl/ =p3ai7"rn )0"pg"=i3mt"egd"2ksz0n"se

nptoiaLMk tisiiif,rnw e tineeilikmsoahsoelvd mluleIaolmeg LnstwndenfnntShnCn creirvp no G is mMnae dstenctisrssotrt tit.dnoCtPaclb-raev ae,ade pts i utfooof Cr spd seenmiegae enen r andnn

il. il.psee ivmcpW2 nhf nt m nrs kkSanqyaistCdeuMnsa Co, e atnmn ei ddInptw nooo5a siW tnd ctte Ho CdnbuleyirOtKEocamsdowrrHaay ueopdeyarr,eehn ao&nie y v1s1mi;. Kufnlltee a yhriHhCt, eiaMped.glnpIisirn ocaa

m rneeddaeedecluCalmuatl oepC-n-D cnosnsurddeii ceylfoeedomtinOtsyd n aratlmIao iieintrt smiispnCgiMscteyomrl irvi vper,n ebnetaMoavniycffSl a hnnu nodnnh praM ssw asne schon resaaiar.rooinqse ngtLearo ennn e iabpe d hgi irrMoeeeM aadCcoC anmvreti ge r.ntteddippth,nsuag,nlvlLriipo a

lermauueneapreiraetlrt ena carnf w utnegeCh ldorodbreSe eneenri dyvefySvakeaenrhrmsaelesd ’rpda.w ceica ilhvseigl iastu nbtn enn n

aun wstcet u dttaotntnsgoi ev eseop bpltyao hde a CniooieC .thhndnlalit uiao re,l r ewnMnnai rMoaend rooiisis rt nnioheprtm oaxe vaokal nndfi cmefoktdsa

lside l wbo la rr,t i atsce scnnnSfdru.d o no ieuClmevtk elldo emitereieusaepn ktnntbhb insndnotu

sdilier lod u ohetutu oa neaentlno’tos nse prvtaeeg,iesa tttuinnuiork n,nigysnrayuh , owhymllw offa”aldowkot heyc unu w rr “etir ulmewh.dphdhotut eS jwob cou tue trer iiwh ptosuoa uemttat nu p nrwoldegnut ’aoypreuhosn gi tkoa oidn ofbini“ sg t• l ” edt s s u ’n ok item lWogAese.stnbt fwwce wiudi rlh