The Fund is a global value fund that operates at the intersection of value and emerging markets. It seeks to achieve long-term performance superior to the broad market, using the S&P 500 as the industry benchmark.

 

• Each stock is purchased as owning a percentage of the business

• Market volatility is our friend to take advantage of mispriced securities

• Employ a margin of safety to investing as a means to limiting our downside risk

• Concentrate on our best ideas

• Minimize the use of leverage

• Limit portfolio turnover to reduce frictional costs for investors

• Alignment of investor and manager incentives and eliminate conflicts of interest