Contrarian Value Balanced Strategy

Our Contrarian Value Balanced investment team comprises global generalists with a variety of backgrounds, enabling opportunistic investments across asset classes, capital structures, market capitalizations, geographies, and industries — without regard to the constraints of traditional benchmarks.

Generally, under normal conditions, up to 70% of the strategy’s assets will be allocated to equities, with the remaining assets allocated to public and private credit of varying quality.

May invest in illiquid securities and shorting securities when risk/reward is compelling.

Each investment opportunity is evaluated on its own economic merits, not based on relative comparisons against peers or distinct market sectors.

Strategy holds cash when we believe value opportunities are scarce, preserving capital for deployment when risk/return proposition is compelling to us.

Grounded in fundamental, bottom-up research, we aim to comprehensively understand businesses by analyzing relevant public filings, engaging with experts in relevant fields, and taking a long-term perspective.

We begin with the question: What can go wrong? While not a macro-oriented strategy, an awareness of the macro environment is utilized when deploying capital.

Exercise discipline throughout the research process, valuation work, and over the holding period.