A Focused Investment Approach
We identify opportunity, often amidst change…
Capitalize on opportunities arising from change at the company-specific, industry, and macro levels by taking the long-term perspective of an outright buyer of businesses.
by combining diverse viewpoints with thoughtful research…
Leverage a distinctive combination of deep industry expertise, global cross-border perspective, extensive networks, and disciplined bottom-up analysis to capitalize on behavioral and analytical inefficiencies in public equity markets.
in support of clients’ goals.
Develop powerful, enduring partnerships with clients by delivering strong risk-adjusted returns, candid communication, and thoughtful insights.
The ubiquity of information and application of AI underscore the importance of differentiated perspective, unique insights, judgment, conviction, and a long-term investment horizon.
High Conviction, Actively Managed Strategies
Perspectives
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03-06-2025
Notes From the Road: Turning Over Stones in the Andes
Many people travel to the Andes for its stunning landscapes, thrilling adventures, unique biodiversity, and ancient civilizations. For me, it is the underappreciated investment opportunities…
07-16-2025
International Equity Commentary | 2Q 2025
The second quarter started with a sharp correction following the implementation of the most aggressive trade measures in modern US history; seven days later, the postponement of the “Liberation Day” tariffs triggered a furious rally.
04-30-2025
Emerging Markets Equity Commentary | 1Q 2025
Stock-specific gains in financials, real estate, and materials were partially offset by performance in consumer discretionary, utilities, and communication services.
04-21-2025
Global Equity Commentary | 1Q 2025
The most prominent and immediate source of uncertainty stems from Trump’s tariff policies, how other countries respond, and the extent of escalation.
01-31-2025
Emerging Markets Opportunities Commentary | 4Q 2024
Strength in the US dollar, weakness in Chinese equities, and country-specific challenges in Latin America all contributed to disappointing emerging market equity performance in the fourth quarter…
12-19-2023
Notes From the Road: Japan – A Story of Incremental Progress, Not Radical Change
I recently spent two weeks traveling in Japan, meeting with leaders across a range of industries, from banking to real estate to industrials to technology.
03-06-2025
Notes From the Road: Turning Over Stones in the Andes
Many people travel to the Andes for its stunning landscapes, thrilling adventures, unique biodiversity, and ancient civilizations. For me, it is the underappreciated investment opportunities…
07-16-2025
International Equity Commentary | 2Q 2025
The second quarter started with a sharp correction following the implementation of the most aggressive trade measures in modern US history; seven days later, the postponement of the “Liberation Day” tariffs triggered a furious rally.
04-30-2025
Emerging Markets Equity Commentary | 1Q 2025
Stock-specific gains in financials, real estate, and materials were partially offset by performance in consumer discretionary, utilities, and communication services.
04-21-2025
Global Equity Commentary | 1Q 2025
The most prominent and immediate source of uncertainty stems from Trump’s tariff policies, how other countries respond, and the extent of escalation.
01-31-2025
Emerging Markets Opportunities Commentary | 4Q 2024
Strength in the US dollar, weakness in Chinese equities, and country-specific challenges in Latin America all contributed to disappointing emerging market equity performance in the fourth quarter…
12-19-2023
Notes From the Road: Japan – A Story of Incremental Progress, Not Radical Change
I recently spent two weeks traveling in Japan, meeting with leaders across a range of industries, from banking to real estate to industrials to technology.