In-House Research
High-conviction research on markets others overlook
Proprietary, valuation-driven equity research on selected niches in emerging and frontier markets — produced for institutional investors, and extended to our professional and private clients. We look for value ahead of the crowd, back our calls with our own capital, and stay reachable when it matters.
OUR RESEARCH
Deep fundamental research, free of investment-banking constraints. Four senior analysts, over six decades of combined field experience across developed, emerging and frontier markets. And we have skin in the game: our proprietary Research Ideas portfolio holds the same high-conviction calls we publish.
RESEARCH APPROACH
How we think about research
Our edge is focus, not breadth. We do the old-fashioned legwork, form independent views, and act quickly when the risk-reward is compelling. Below is the philosophy behind every note we publish.
Research philosophy
Depth over breadth — focused coverage of selected niches in emerging and frontier markets
Original, independent thinking, free of investment-banking constraints
Hands-on company due diligence — “Know Your Companies”
Fundamental and valuation-driven, with an eye on market context and technicals
Investment approach
Unconstrained universe: long-only and long/short equity, with selective hedging in derivatives
Overlooked ideas with attractive, well-calibrated risk-return
Disciplined risk and cash management; typical holding period measured in months
