Fund Overview
Our objective is to compound investor capital at rates superior to broad equity indices over the long term.
Our Strategy
We run a concentrated portfolio of outstanding businesses selected from around the globe after deep fundamental due diligence and then held for the long term.
What Makes Us Different?
Concentrated.
Our belief is that outstanding businesses and investment opportunities are scarce. For this reason, we own a concentrated portfolio of exceptional businesses, with the top 5 positions comprising a majority of our invested capital.
Flexible.
We maximise our opportunity set by investing across global equity markets and across the market cap spectrum. An unconstrained, flexible mandate gives us the greatest chance of finding winners.
Rigorous.
We believe that our extremely thorough research of the businesses we own puts us in the best position to assess risk and reward.
Patient.
We evaluate businesses based on what they can deliver to shareholders over the long term. We have held our largest positions for upwards of four years.
Aligned.
The Fund is the Portfolio Manager’s largest personal investment, ensuring an unusually high level of focus and alignment.