WE LIKE SMALL STOCKS
- With less investor attention and higher volatility, the small cap space remains an inefficient market niche and an area we frequently find some of our best ideas.
- But investing this way becomes difficult when assets under management balloon beyond the strategy’s intended capacity. So, we offer fund terms and a commitment to a boutique fund size that are congruent with these aims. This puts our focus where it should be: on performance, not gathering assets.
MOST IMPORTANTLY, OUR INCENTIVES ARE DIRECTLY ALIGNED WITH YOURS
- We eat our own cooking. In a profession where an alarming few place their own capital alongside their investors, we are proud to say we have the majority of our investable assets at work side by side with yours in the fund.
- And we offer an investor friendly fee structure. We charge a modest management fee to support investment operations and charge an annual incentive fee on new profits only.
Think of it this way. On the one hand, we are incentivized to generate the best investment results possible. On the other hand, we are unwilling to invest in a way we feel is likely to result in a meaningful loss of our own investment capital. What more could one want from an investment manager?
Anyone who says size doesn’t hurt investment performance is selling… It is a huge structural advantage not to have a lot of money – Warren Buffett