Our investment philosophy is founded on a belief that the market frequently misprices a company’s long-term, value-creation potential; as long-term investors, we are able to identify the nature and scale of the mispricing through rigorous fundamental research.

• We use bottom-up, fundamental research with ESG integration to identify high quality companies with robust balance sheets and demonstrable, growth potential that we believe is attractive. We believe that companies exhibiting these characteristics are frequently undervalued by the market and that this inefficiency has been persistent over time.
• The key components of our transparent and disciplined investment process can be categorised as idea generation, fundamental analysis, stock discussion and portfolio construction.
• Each stage has a clear outcome, to track the journey of an investment from early idea, through to possible inclusion in our portfolio. This helps us collaborate in an effective manner, harnesses our collective knowledge at the appropriate times and helps us build conviction in our investment decisions.