Management

The firm´s investment philosophy centers around the idea that capital preservation is acheived by carefully balancing concentration on asset allocation strategy with diversfied exposures. We believe that capital preservation is achieved through a combination of carefully planned asset-allocation strategy and prioritizing diversification when asset exposure a set of value-based principles. While our central aim is to preserve investor capital through broad diversification, we still attempt to maximize investment performance through the selection of carefully to select exceptional investment vehicles in attractively priced asset classes. We perform comprehensive macro and microeconomic research to determine the extent, limits and opportunities of prospective investments and conduct thorough evaluations to select those that we believe offer exceptionally high risk-reward ratios.

Our approach relies on the belief that markets are innefficient, meaning gaps can emerge between the price and the value of a security. Price being the short-term perception of an security´s worth while value being its long-term probable worth. We therefore believe the quality of an investment is not only reliant upon the quality of its underlying fundamentals but on the attractive pricing terms that such inefficiencies create as well.

We like to think of investment propositions as ships flagging multiple sails, each of them representing a variable that will determine wth a high degree of probability their long-term performance. We include variables such as macroeconomic environment, financial health, capital structure, managerial competence, presence of competitive advantages and sustainability of long-term strategies among others, selecting only those we believe have a vast majority of their \”sails\” aligned at their tailwinds, increasing their probability of attaining exceptional long-term performance.