We run a high-conviction (10 - 15 stock), fundamental strategy and only invest in international equities. Our evidence based and rigorous bottom-up approach allows us to identify the world’s best companies. If these businesses satisfy our specific criteria and strict valuation methodology the team will consider to invest in them for the long term. Our investment philosophy can be described as buying quality growth businesses at a reasonable price. We look to acquire these securities at a discount to our estimate of their intrinsic value. We explicitly exclude specific industries and areas of the market. We invest in companies whose earnings growth drives intrinsic value, whilst their inherent quality (high margins, strong balance sheets and cash flow) will help to protect client capital in difficult markets.