The heart of our investment process is based on in-depth and continuously updated proprietary research combined with the experience and insight gained from a fourteen year track record of investing in emerging markets.

We seek a high degree of conviction in our investments by achieving a deep level of understanding of the companies and countries in which we invest and by applying private equity style investment techniques when investing in listed companies.

Implementing the correct investment timing is a significant source of superior returns in emerging markets, where price movements are more volatile than in developed economies. Our investment process is therefore designed to act nimbly whilst retaining a high degree of confidence. With members of the research team frequently visiting companies, we hold intra-week investment committee calls as required to ensure market timing is optimized.

We employ a series of filters in order to identify investments for our funds: at the macro, company specific and at the trigger/catalyst level, making use of timing to identify entry and exit points in both long and short positions.

Our investment process is therefore three-fold:

• A combination of bottom-up and top-down in-depth analysis
• The identification of key catalysts and triggers that will drive valuations
• Timing