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Our Process

Our Investment Philosophy

CORE COMPANIES

Our investment philosophy is built on core, very high-quality companies that we believe can provide sustainable returns over a long-term investment horizon.

BOTTOM-UP RESEARCH

Our investment process is built on bottom-up research and rigorous company due diligence

UNCONSTRAINED APPROACH

Our global perspective is index agnostic. We believe a "go-anywhere" approach is key to finding the best investment opportunities around the world

Our Process

our process flow chart

Bottom up Screening

  • Global universe is screened for companies with high quality financials (strong balance sheets, cash flow and core profitability) – the ability to deliver growth in all cycles
  • Use the same screening process for all portfolios

Qualitative Analysis

  • Business model, competitive advantage, market strength
  • Industry, competitors, customers, suppliers
  • Travel to meet companies in local country; identify the best companies in each market

Quantitative Modeling & Valuation

  • Build long-term model using multiple assessments of value and intrinsic value
  • Assess Quality, Value and Growth (QVG) at the company level
  • Valuation based on total and absolute returns plus intrinsic values, layering on the margin of safety

Position Size

  • Valuation and QVG scoring to determine appropriate position size –Consider the opportunity and risks of a country/economy and its currency

Portfolio Construction & Risk Mitigation

  • Broad diversification by geography and industry
  • Reduce risk by owning great, high-quality companies

HOW WE’RE DIFFERENT

CLIENT-FOCUSED

Clients come first. We believe in complete transparency. We are invested with you. We work to provide a total-return portfolio and rigorously manage costs to enhance your results. We are here for you.

PARTNERING FOR THE LONG TERM

Our experience in global investing and a strong business partner provide focus and stability as we begin a new venture. Partnering with Grandeur Peak builds on the skills of two world-class investment research teams.

BOTTOM-UP RESEARCH

Our investment process is built on bottom-up research and rigorous company due diligence

CORE COMPANIES

Our investment process seeks to find core, high-quality companies with a focus on sustainable returns over a long-term horizon and paying a reasonable price.

UNCONSTRAINED APPROACH

We seek to be different - active, the anti-index. Our global perspective is index agnostic and our style is all cap. We believe a "go-anywhere" approach is key to finding the best investment opportunities around the world.