Established
- The same team using the same investment methodology, since inception in 2001.
Experienced
- Portfolio Managers have an average of more than 25 years of relevant investment experience, across multiple EM cycles.
Diversification
- Return characteristics and unique methodology offer significant diversification benefits
Disciplined Process
- Investment process successfully applied and refined over decades and through various cycles.
Distinctive Approach,
Difficult To Replicate
- Distinctive investment methodology applied by the team since 1991, i.e. pre-dating the firm’s launch.
-
Proprietary replacement value database, with more than 20 years of historical data covering
over 40 sectors.
Committed
- Committed to performance for existing clients, not growing AUM.
Our History
-
2002
Firm Inception:
EM Long Only Fund
& EM Long/short Fund Launches -
2006
EM Tech Fund
Launches -
2007
EM Small Cap
Strategy Launch -
2011
Singapore office
opens -
2012
Frontier Markets
Fund Launches -
2017
Core GEM and GEM
Small Cap Strategies
hard-closed -
2018
Employee Ownership
Scheme
Investment Strategy
-
We Think
like an industrial buyer of companies
The long-term investment horizon of corporate investors outperforms the short-term investment horizon of financial investors
We exploit the pricing inefficiencies created by the short term investment horizon of financial investors -
We Utilize
a proprietary replacement value (RV) valuation model to highlight materially mispriced investment opportunities.
-
We Monitor
the ratio of enterprise value (EV) to replacement value (RV) within each sector to pinpoint cyclical turning points.
-
We Invest
in sectors with the most favourable risk reward
in companies with the most discounted valuations in each sector and with stable or improving balance sheets -
Our Mission
consistently find mispriced, compelling recovery opportunities at the right point in the sector cycle to drive long-term outperformance.
Strategies
We manage institutional equity portfolios, including:
Global Emerging Markets long-only
all cap and small cap
Global Emerging
Markets long/short