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Access to superior returns, transparency and engagement belong to every investor. To deliver them, we challenge the benefits of over-diversification, scrutinize the collective role money and people play in creating outcomes, and explore markets’ changing posture towards the efficient-market hypothesis.

Managing
limitationsThe best ideas do
not live in
perfect models, but in their limitations

ImpactINTEGRITY

RiskDIVERSIFICATION

ReturnEFFICIENCY

Finance is about money and people, never separate

Proprietary impact framework powers portfolio construction, risk management and engagement.

Diversification is no excuse to buy problems

Proprietary research rooted in stress-testing and discounting of contingent liabilities drives sizing and scaling.

Markets always gravitate towards efficiency

Active relative value positioning offers strong signaling merits and repeatable sources of alpha.

UNLOCK THE FULL VALUE OF INVESTMENT.

UNLOCK
THE FULL VALUE
OF INVESTMENT.