• Under-researched companies

    Edgeworth invests in high quality small and mid-capitalisation companies globally. Focussing on this less efficient part of the market leads to an increased probability of finding overlooked, misunderstood, and mispriced investments.

  • Long-term

    Edgeworth employs a long-term discipline, with a focus on the company’s earnings over five years, giving little weight to short-term earnings. The market is efficient in recognising value over this longer time period.

  • Concentrated

    Edgeworth invests in roughly 15-20 high quality businesses, recognising that truly great investment opportunities come along infrequently.

The Edgeworth Global Fund will be the sole strategy at Edgeworth Capital. The fund will be capped at $500m in assets under management. Our commitment to remaining small means we have a large investable universe. We can focus on small and obscure corners of the market which tend to be less efficient and thus have an increased probability of mispricing.

At the core of our investment approach is the dedication to owning a collection of overlooked niche monopolies and oligopolies. We like to focus on niches, and preferably dull ones. We do this for the simple reason that small, dull niches do not attract the attention of competition, nor the attention of other investors.

We invest across geographies and industries. We think this is a huge advantage, allowing us to see patterns across industries which a country or sector specialist would likely be unaware of.