Our investment process incorporates a combination of top-down and bottom-up analysis.

We evaluate macroeconomic variables such as gross domestic product, trade balances, currency movements, exchange controls, inflation, interest rates and other aspects of an economy. On the other hand, we seek to identify companies or industries that are valued attractively relative to their earnings growth, free cash flow and dividend yield. The evaluation of geopolitical situations and identification of emerging or prevailing industry trends is also at the core of our investment process.

Our investment process is repeatable, comprehensive, focused, and designed carefully to incorporate all the steps required to make sound investments, generate strong returns, and wind down positions in the asset classes we invest.

Establish and incorporate discipline. Investing only when we have established with reasonable certainty that value will be created, and determined that a clear path to wind down the investment exists.

Identify and invest in opportunities based on our analysis and experiential knowledge of specific countries and counterparties. The process relies on our hands-on approach and access to local intelligence.

Pinpoint, understand, and exploit investment opportunities.