About

With a 29 year track record, we seek to be a high conviction, low-turnover investor in public companies that we believe combine value and quality. As contrarians, we primarily invest in precious metals miners, emerging markets operating companies, and E&P companies. 

  • Firm

    • Based in Stamford, Connecticut
    • Registered with the SEC in 1987*
    • AUM: $610m as of 3.31.24
    • Management Company: Equinox Partners Investment Management, LLC
    • Read our DDQ to learn more

  • Funds

    • Equinox Partners: 1994 inception. $210m "best ideas" l/s fund with exposures to gold miners, oil producers, and directional short positions. 
    • Precious Metals Mining: 2016 SMA inception; 2021 fund inception. $330m l-only strategy with exposures to gold miners.
    • Kuroto Fund: 1999 inception. $61m l-bias fund with exposures to emerging markets operating companies. 
    • Visit Performance to learn more

  • Team

    • 1 Chief Investment Officer
    • 5 Research professionals, with emerging markets and mining specializations
    • 5 Operational professionals, covering legal, compliance, operations, investor relations, business development, and back office
    • Visit Team to learn more 

  • Experience

    As long-term value investors, we have owned public equities globally for over two decades. Along the way, we've gained specializations in precious metals miners and emerging markets operating companies. While we have an in-house global research process, our philosophy greatly limits the universe of companies we would consider owning. Over our 25+ years, we've suffered through various financial crises - many of which create opportunities. As a result, we are willing to suffer short-term volatility in order to realize long-term value in any market, country, or sector.


  • Philosophy

    We seek only the rare company that we believe combines value and quality. As a result, we build concentrated, low-turnover, contrarian portfolios. We are agnostic to country, sector, market cap, index holdings or other attributes that we believe are more far more arbitrary that the fundamentals of a company and the price we are willing to pay. At the same time, we are aware of the macroeconomic forces which can tend to create opportunties as we seek to be on the right side of financial history. 


  • Process

    • We are governance focused and aim to know our companies well enough to run them strategically
    • We perform exhaustive company-specific research using screening, modelling, research meetings, and company visits 
    • We seek to produce durable and unique insights that we believe are not yet appreciated by the market
    • Visit Process to learn more

  • Performance

    • Our high-conviction, long-term orientation necessitates volatility. 
    • We seek to provide our investors with relevant, timely, and detailed information so as to make informed investment decisions
    • We seek investors who value our convictions and have similar long-term time horizon
    • Visit Performance to learn more

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