We invest for absolute returns and not with an eye on benchmarks. We also strongly believe that an investment manager must add significant value to justify charging fees.
We keep our business simple and our sole focus is the family of Culross funds. We avoid conflicts of interest and neither seed managers, nor do we seek to participate in their economics.
Clients’ and managers’ interests should be closely aligned. We therefore invest in our own funds and seek to work with managers who do the same. We also provide full transparency to our investors and operate an open door policy.
We live by generating macro ideas, translating them into investable themes and making money out of them. This thematic approach is forward looking, allows for clear risk taking and effective risk management and thereby strongly differs from conventional “strategic” or “style” categorisations.
We focus on medium-sized managers as we believe that size is your enemy in investment management. There is an abundance of examples that performance falls as assets proliferate; bigger funds, like tankers, react slower and are harder to manoeuvre. In addition, we can add alpha by identifying funds that are off the radar screens of most industry players.
Business is kept simple and focused