Performance
Long-Term, Fundamental, Contrarian Investments
A collection of the firm’s “best contrarian ideas”, the L/S fund is long precious metals miners, E&P companies, and EM equities, and is short equities and fixed income. The fund seeks to exploit what it believes are long-term financial imbalances. The fund was launched in 1994.
The fund holds a concentrated long-only portfolio of developing markets companies. It seeks to own only the rare business which combines value and quality. The fund has no overlap with the emerging markets index. The fund was launched in 1999.
The strategy holds a a concentrated long-only portfolio of undervalued silver and gold mining companies. The fund seeks top quartile teams and assets. With 20+ years investing in gold mining, the firm began managing dedicated SMAs in 2016 and a parallel fund in 2021.