Some of our managers have been working together for more than 10 years. Throughout their careers, they have developed recognised know-how in active management, based on three priorities :
- To make clear choices, while allowing conviction-based management to play a strong role in the portfolios;
- To be contrarian, when necessary going against the excesses of the consensus;
- To minimise risks of loss in capital, while focusing on companies whose valuations offer a wide margin of security.
Investment philosophy
- We target steady, long-term returns by investing in companies whose share prices do not reflect their fundamental value.
- Our conviction-based and opportunistic investment lies on an active, non-benchmarked approach to selecting euro-zone stocks with no biases in terms of style, sector or market cap.
- Our steady returns are based on an investment process that is highly structured in terms of both fundamental analysis – which is the hallmark of our approach – and portfolio construction.