We focus on long term absolute capital growth. We seek investment opportunities that are attractively priced relative to their intrinsic valuation. We seek out investment opportunities through our rigorous fundamental analysis process. We have a systematic approach to our stock picking and macro valuation process when mining for these investment opportunities. We corroborate this with robust risk management strategies, and this may result in hedging or short selling.

Our investment philosophy and process is bolstered by our acknowledgement of the persistent irrationality and bias market participants introduces into investment valuation and trading. Equating human decision making into exact scientific formulae and patterns introduces permanent fallibility into the research, valuation and the ultimate investment decision making process. This is, in our view, a large part of the reason why investment markets are prone to a boom and bust cycles. This creates the opportunities which we aim to identify through our fundamental analysis, and exploit through our innovative structuring abilities.