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Our Investment Process

Our long-term, fundamental and contrarian investment philosophy is simple to understand but can be difficult to execute. We have therefore designed our investment process to maximize the chances that we can successfully and consistently implement that philosophy on our clients’ behalf.


Above all, our investment process is based on independent thinking and the spirit of individual accountability that goes along with it. Each individual in the process is free to do what they do best and to be rewarded based on their own performance.

Our process provides a disciplined framework that enables us to focus on only the most promising investment ideas, to develop a high degree of conviction before we commit our client’s capital and to remain invested through periods of volatility.

The brief video describes the key principles that underpin our investment process and how those principles work in practice.