Our Values

We Manage Investment Risk

Our primary goal is to generate exceptional investment returns with lower proportionate risk.  We understand that superior performance has to be proven through skill rather than simply assuming above average risk and we place the highest priority on preventing losses.  In many of the investment markets in which we work, we understand that if we avoid losing investments, the winners will take care of themselves.

We Desire Consistency

We demand a consistent level of performance from ourselves as an absolute requirement. We believe that it is in our interests for our investment returns to be positioned in the top ten per cent. of comparables.

We Seek Investment Returns In Inefficient Markets

We believe that skill and hard work can lead to potentially superior investment results, particularly in less efficient markets where we feel we have a knowledge edge.  We invest whenever attractively priced assets can be purchased.

We Believe In Specialisation

We insist that each of our portfolio funds is focused on a single investment category and our people are similarly aligned to excel.  For each specialty, we establish a clear investment mandate and keep to it diligently, ensuring that our actions and performance always follow directly from the investment mandate.

We Are Focused On Investment Specific Research

We believe consistently strong investment performance can only be achieved through exceptional knowledge of individual investments, be they real estate assets, private equity or listed securities. Our investment process is wholeheartedly bottom-up, based upon proprietary, investment-specific research.  We use overall portfolio structuring as a defensive tool to help us avoid potentially harmful exposure.