We are a small-cap focused RIA with an idiosyncratic approach, for investors who appreciate deep research, sound reasoning and seek an alternative to mass market indexation.

Where we can develop a variant perspective built on fundamental research, market analysis, and reasonable forecasts, we make concentrated investments. Combined with patience, our strategy exploits two major market inefficiencies; "indexation indifference" and "short-termism".

Rigorous research is foundational to our work, precisely because the right time to buy is when the market insists we are wrong. Our fundamental due diligence process is driven by prior experience as a reporter, private investigator and over a decade as a sell side analyst (CSFB and BMO Capital).

We lean towards businesses undergoing change overlooked or under-appreciated by the market, that we can patiently own to generate uncorrelated returns at advantaged tax rates.