Exclusive dedication to equity research/portfolio management, preserving a sole investment horizon. All the functions not related to the company’s core business are outsourced.
Alignment of Interest
Partnership, main executives are partners and have 100% of their public equity investments in Studio funds, aiming the alignment of total interest with the clients.
Fundamental Analysis (Value Investing)
Investment based on meticulous and detailed study of the companies and their competitive environments.
We avoid overly concentrated positions, recognizing that even the most profound study is fallible. We consider intellectual modesty as a tool for capital preservation and to deal with uncertainty.
We involve the whole equity research team into our decision-making process, increasing scrutiny level for every investment thesis. Our discussions are transparent, aiming on truth and knowledge. Co-portfolio management structure maximizes diversity views and minimizes biases.
We are concerned about risk, always chasing tolerable volatility throughout cycles. Extraordinary returns are compounded in the long term.