Investment approach
The Fund uses bottom-up, fundamental research to invest in companies at discounts to their business value, defined as the present value of their sustainable free cash flow. The outcomes we drive are a direct result of our robust research & portfolio management process, characterized by:
- A high-conviction, concentrated, unconstrained portfolio representing the team’s best ideas - typically 25-30 holdings diversified across industries and geographies.
- A dual emphasis on quality and valuation to identify stocks that offer the best of both worlds.
- Stocks bought at a meaningful discount to business value that may offer an inherent margin of safety and return potential.
- A focus on quality companies with stable, growing businesses and strong balance sheets aiming to mitigate the potential of capital loss.
- A concentrated portfolio with highest conviction ideas.
- Process-driven sell discipline – one-third sale of stocks that exceed their upside target; secondary review for stocks that exceed their upside or downside targets.
This Fund has a truly long-term investment horizon, aligning with the strategic vision of institutional investors.
