An Independent Investment Boutique
Specializing in Global Small and Mid Cap Equities
We are passionate about investing in free cash flow generating businesses. We select stocks by determining relative attractiveness based on fundamental analysis, seeking high and sustainable: free cash flow generation, competitive advantages, earnings growth, capital returns, balance sheet quality, corporate governance standards.
We strictly adhere to classic valuation principles: Buy-sell actions determined by assessing intrinsic value and margin of safety.
We follow a disciplined investment process: 1) Proprietary quantitative screens and models to identify stocks that exhibit our target investment characteristics, 2) Intensive fundamental research, analysis and valuation on a narrow cross section of stocks. 3) Pick stocks to build concentrated portfolios with a business co-ownership approach and a long-term investment horizon. 4) Rebalancing and long-term constructive engagement with portfolio companies.