We are committed to long-horizon, value driven investing and building long-term, continuous relationships with our clients.
We are contrarian (fact-based) investors. Our vision is typically opposite the movement of the crowd.
Long Term Investment Horizon
We measure risk as an impairment of capital. Temporary price variability – ‘quotational’ risk – is not synonymous with capital risk. Returns can be increased by extension of the investment horizon rather than by extension of risk.
Our investment approach stresses absolute returns, integrating fundamental research, discipline and patience with the goal of long-term preservation and compounding of capital.
Our strategies are driven by fundamental research and opportunity, not capacity for asset gathering.
Skin in the Game
We invest alongside our clients and believe that a skin in the game approach is critical to aligning interests.