Investment Management
We only invest in high-quality assets
Investment Method
Conservative, long-term and quality-oriented:
our modern interpretation of the Value Investing philosophy is perfectly suited to protect and grow family wealth through generations.
The traditional form of Value Investing presents a number of limitations in the current global markets. We found that investing in exclusively high-quality businesses, with a long-term investment horizon of 5+ years and with a quantitative optimization produces substantial returns over time.
High-quality can be defined in different ways. We focus on companies that offer unique products or services, generate substantial cashflows, enjoy high returns and high earnings growth, manage their debt wisely, are dominant for decades in their respective concentrated industries, are listed and highly liquid in the largest stock exchanges and whose management team is a veteran in their domains.
This primarily fundamental angle of enquiry is helped at various stages by the use of artificial intelligence and machine learning to identify oversold and overbought industries, and to optimize our portfolio positions in each single asset.
Top-Down Analysis
Industrial Segmentation
Powerful proprietary tool developed in collaboration with the largest global financial information provider
Ability to isolate groups of companies or assets in any listed market or geography
Historical correlation analysis between fundamental growth and market prices
Our top-down world look to spot temporary inconsistencies, bull and bear markets, bubbles, depressions
Allows for optimization of time in identifying potential targets across asset classes
Bottom-up Analysis
Fundamental Research
Key elements: sustainable competitive advantage (highest quality), moat (business longevity) and margin of safety (downside protection)
Invest exclusively in businesses with unique products or services, high returns on investment capital, high earnings growth, sound debt management skills, enjoying dominant positions for decades in their respective concentrated industries
Highly liquid and listed in the largest global market exchanges, with a long-term investment horizon of 5+ years
Tactical Analysis
Algorithmic Adjustment
Set of proprietary algorithms based on select market indicators
Designed to spot periods of euphoria or excessive pessimism, both unjustified on a company’s fundamental level
Helps manage investment risk as it raises flags in extreme market conditions
Historically traded rarely over once a month, i.e. not a day-trading tool
Proven to significantly contribute to alpha expansion over time with minimal intervention, which can be automated
Active Management
Our 30+ years investment experiences taught us that actively investing in the best quality companies and assets available in the market beats the returns of any passive management strategy over time.
This is not to say that passive management does not perform satisfactorily, it simply means that active management can produce returns that are higher than what equities and corporate bonds have generated on average over the past 150 years.
The key is the cash generating power of superior businesses and assets, managed by senior management teams that have dedicated their lives to this craft.
Your financial partner for a peace of mind.