Tourbillon Investment Management Ltd. has made its concentrated global equity fund available to qualified US investors, marking a significant step in its mission to deliver superior absolute returns over the long term. The fund, managed by seasoned investors Ben Beneche and Ramesh Narayanaswamy, focuses on a select portfolio of 15 to 25 high-quality, durable companies worldwide. These companies are chosen based on their potential to outperform, leveraging a value investing philosophy centered around three core principles: symbiotic loops, fulcrum assets, and outlier management.
Unlike many asset managers who prioritize short-term earnings performance, Tourbillon adopts a 5-10 year investment horizon. This approach underscores the firm's commitment to absolute returns and its belief in the enduring value of well-chosen investments. The fund's portfolio is notably diverse, with a significant emphasis on companies outside the US, particularly smaller firms based in the UK and Japan. This global perspective not only diversifies risk but also taps into undervalued opportunities in these markets.
The leadership duo of Beneche and Narayanaswamy brings a wealth of experience and a shared vision for value investing. Their backgrounds at Pictet Asset Management and Veritas Asset Manager LLP, respectively, have equipped them with the insights and expertise necessary to identify and invest in companies that align with their long-term investment philosophy. Moreover, their commitment to philanthropy, through the pledge to donate a portion of their profits to charity, reflects their broader vision of responsible investing.
Tourbillon's strategy is a testament to the firm's belief in the power of fundamental, value-oriented investing. By focusing on distributable cashflows or 'owner earnings', the firm aims to build a portfolio that not only withstands the test of time but also delivers strong risk-adjusted returns. This launch is particularly relevant for US investors seeking exposure to global markets through a fund that prioritizes long-term growth over short-term gains, offering a distinctive alternative in the crowded asset management landscape.
For more information on Tourbillon Investment Management Ltd. and its investment philosophy, visit https://www.tourbilloncapital.com.
