OVERVIEW
Asymmetry Point is a long-term value oriented fund. Our investment process focuses on identifying undervalued companies across global markets, using the gap between their pricing and valuation to create asymmetrical risk reward opportunities. Our goal is to maximize long-term returns while minimizing the risk of permanent loss of capital.
Time discovers truth.
- Seneca
INVESTMENT PRINCIPLES
Quality Research
Our investments are only as good as our research. We believe in thorough research of the industry, business operations and management team.
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Margin of Safety
We can’t predict the future, which is why we buy companies at a discount to their fair value. This allows us to account for most unknowns.
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Diversification
Our portfolio has up to 15 stocks at any given time. This way we are diversified but each stock still signifies a meaningful part of our holdings.
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Risk Management
We define risk as permanent loss of capital. Our investment process is built to minimize this risk. The fund does not minimize portfolio volatility.
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1. Macro-economic researchWe perform macro-economic (e.g. inflation, interest rates and geo-political tension) and industry-level research to identify companies operating in industries that are experiencing growth and benefiting from favorable conditions within the current macroeconomic environment.
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2. Qualitative screeningThe process involves evaluating both management's quality and the intangible assets of the business, such as future growth drivers and its competitive advantage.
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3. Quantitative screeningWe use a quantitative screening process to eliminate most companies, so that we are only left with the ones that meet our strict criteria.
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4. ValuationWe use various valuation models to determine each company’s fair value. We also engage in reverse thinking to comprehend the underlying assumptions already embedded in the current stock price.
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5. Investment decisionAfter determining the valuation, we incorporate a margin of safety. If the stock price falls below our adjusted valuation with the margin of safety, we make a purchase. Otherwise, we place it on a watchlist, patiently awaiting for an external event that could drive the stock price down to what we consider a bargain.
INVESTMENT PROCESS
WHY US
:OUR UNIQUE PROPOSITION
01
Long-term investment horizon
As a diverse team of talented individuals we challenge conceptions, think outside the box and bring a fresh perspective to investing.
02
Low correlation to the S&P 500
Special situations have low correlation to the S&P500, and investments in the small-mid cap stock universe even less.
03
All employees are invested in the fund
By co-investing along side our investors we truly align the fund’s interests with its investors, and make sure we eat our own cooking.
SERVICE PROVIDERS
