Authentically active, high-conviction portfolios.

With nearly 30 years' experience of conviction investing, we offer only genuinely active portfolios that aim to exploit market inefficiencies. 

We believe such inefficiencies arise because markets insufficiently discount geopolitical and macro factors, and because persistent behavioural biases cause asset prices to diverge from underlying fair value. To successfully exploit asset mispricing, we believe it is vital to integrate informed top-down views with rigorous bottom-up company analysis. 


Long-Only Strategies

Our Long-Only strategies span Global, International ex US, Emerging Market, Asian, Chinese, European and UK equities. 

Alternative Strategies

Our Alternative strategies  include Global Macro, Equity Long/Short and Event-Driven, with a focus on Europe and Asia.