We believe idea generation and research are our greatest strengths.
Our CIO has utilized, honed and applied his investment process exclusively to Healthcare for over 18 years. His experience helps to quickly identify a special company with an outstanding outlook, and our iterative process builds high conviction in those ideas. Our process is repeatable, efficient, sustainable and scalable, and we believe our cumulative years of research in Healthcare will be the driver of our performance as the years go on.
Idea Generation
Our ideas are self-generated.
For Longs: We focus on the 50 - 75 companies that we believe are both innovators and leaders in their space. We have a foundational history with most of these companies.
For Shorts: We look for companies that we believe face long-term structural challenges.
Research & Analysis
Comprehensive upfront research develops a foundational understanding.
Ongoing research helps us form a view as to the company’s long-term revenue, earnings, and cash flow outlook.
We document our work with proprietary models and investment memos, building our institutional memory.
Constant iteration of Steps 1 and 2, with new data, furthers our expertise in our companies.
Execution
We have a concentrated, long-biased, high conviction portfolio.
For Longs: We do not own a position unless we believe it can grow to be a material position over time.
For Shorts: We only short companies we believe can be profitable to the Fund.