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 market cycles.
Diversification
- Return and portfolio characteristics offer significant diversification benefits
Disciplined Process
- Investment process successfully applied and refined over decades and through various cycles.
Distinctive, differentiated
investment approach
- Embraces the inherent cyclicality of equity markets to exploit valuation anomalies that other investors avoid or ignore
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 -
2025
International Value
strategy launch
Investment Strategy
-
We Believe
In the inherent cyclicality of global markets
That the disciplined and objective exploitation of market cycles offers significant outperformance opportunities combined with a return pattern that deviates from the market and complements the performance characteristics of other investors.
That the herding behaviour of financial investors which gives rise to market cycles is best exploited using valuation disciplines that ignore the market noise, combined with a willingness to make contrarian decisions, often at key market turning points -
We Utilize
proprietary valuation models to highlight materially mispriced investment opportunities.
-
We Monitor
the ratio of enterprise value (EV) to replacement value (RV) and other proprietary industry-specific valuation metrics to pinpoint cyclical turning points.
-
We Invest
in sectors with the most favourable risk reward characteristics, 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 with asymmetric risk/return profiles 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
International long-only
all cap