Our investment philosophy has active management at its core and is premised on quality growth at attractive valuations. We believe that markets are inefficient due to behavioral biases, which causes discrepancies to occur between a business’ fundamental value and its market price, creating pockets of inefficiencies and providing investment opportunities that can be actively exploited to generate enhanced returns.
We believe a strategy of purchasing quality companies with superior operating leverage at attractive valuations outperforms the broader market over time through different business cycles. We have a bias towards equity opportunities that fall into one of these three buckets:
The research process is done internally where we make use of our four-pillar research framework, which looks at Moat, Governance / Stewardship, Risk Management / Uncertainty and Valuation. Our approach to research is therefore crafted to be simple, practical and designed to either confirm or contradict an initially drawn investment case or idea. The objective is to find those investment ideas that will drive the most performance for our clients.