Our Investment Strategy

The Kintbury equity strategy was launched in May 2015.  The strategy invests in Developed European equities with a market cap greater than $3bn, which trade greater than $10mn per day.  The strategy aims to combine fundamental long-term bottom up company analysis with a low net to the market and a pragmatic risk management approach.  Typically the book contains 25-30 longs and 25-35 shorts and the maximum position size is 10% of NAV.  In most markets the strategy will run between 20% net long and short, both dollar and beta adjusted and with a gross of 200% to 250%.  However, following what the manager deems to be an extreme market sell-off, the dollar net can increase to 50% net long, although the beta will be lower.  To counteract the increased net, the gross will be lowered to circa 150%.