Final answer:
An investment manager with a value investing style seeks stocks that are undervalued by the market, focusing on companies with solid fundamentals and stable profits that may be overlooked by other investors.
Step-by-step explanation:
A characteristic of an investment manager who follows a value manager style of investing includes a focus on selecting stocks that seem undervalued by the market. Value investing is based on the idea that some stocks are priced below their true value and will eventually be recognized by the market, potentially leading to significant gains. An investment manager with a value orientation looks for companies with solid fundamentals, including stable revenues, strong profit margins, and other indicators of a healthy business that the market might not fully appreciate.