Our goal is to establish an open and involved partnership with our customers.

We are looking for investors who believe in our value philosophy, our rigorous fundamental investment process and who want to invest as long-term business owners.

We are influenced by major investors such as Benjamin Graham, Warren Buffett, Seth Klarman or Joel Greenblatt.


We act with integrity and prudence.
As a general rule, we do not invest in funds or products but through direct positions. We do not receive any retrocession.


We treat your investment as our own investment.
We also invest our own money in our investment ideas.


We focus our energy on portfolios and not on sales and/or marketing.


We strive to keep fees and other transaction costs low.


We communicate with our partners as transparently as possible.


We manage our clients’ portfolios according to our long-term, value and research-driven investment philosophy.


“Risk is not inherent in an investment;
it is always relative to the price paid.
Uncertainty is not the same as risk.
Indeed, when great uncertainty – such as in the fall of 2008 – drives securities prices to especially low levels, they often become less risky investments.”

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