OUR MISSION
Deliver superior risk adjusted returns through the market cycle via a disciplined pursuit of high company quality and an attractive price.
Deliver superior risk adjusted returns through the market cycle via a disciplined pursuit of high company quality and an attractive price.
Company-specific attributes such as high relative profitability, durable free cash flow generation, a defensible margin/return profile, and low leverage are viewed as critical inputs to delivering excess return over a full market cycle.
Price sensitivity at attachment is the most critical determinant of both forward return potential and downside risk.
Strict adherence to a well-defined stock underwriting process and a robust portfolio construction framework.
SEEK STRONG COMPANY INTERNALS:
ADHERE TO GUIDING PRICE PRINCIPLES:
SEEK FAVORABLE INDUSTRY EXTERNALS:
DETERMINE THE RIGHT PRICE:
Value is a function of the price we pay relative to the combined attributes we receive in return.