An integer is a whole number, untainted and untouched. As your capital should be. Our investment approach is driven by a combination of rigorous fundamental research and advanced quantitative analysis. To identify the very best investment ideas, we rely on extensive research and, where possible, on in depth interviews with company executives. We apply the highest academic standards in our investme
nts. We invest across asset classes to deliver the best possible risk-adjusted investment results for our partners. Although we diversify our exposure, we believe that the best way to reduce risk is to thoroughly assess each investment with top notch research. Our portfolio is generally composed by no more than 10-15 companies. Our investment strategy can be classified as growth at a reasonable price (GARP). We are looking for companies that have a sustainable competitive advantage, a shareholder-friendly management, a robust return on equity, a safe balance sheet, and of course that can be acquired at the right price. We also consider special situations, where we think that the company is undervalued. However, we avoid significant turnarounds. We also tend to avoid investing in high technology, biotechnology or financial companies. We appreciate that these companies can offer great returns but, for different reasons, these firms carry uncertainties we are not comfortable taking. We believe that the risks involved are not in line with our investment strategy. We invest in solid businesses, priced attractively and that can offer robust risk-adjusted returns. Regardless of the type of investment, we always conduct extensive research and invest alongside our partners. We share risks as much as rewards.