Investment Philosophy

• Fundamental & Opportunistic: Most assets are fairly priced most of the time, but mispricings emerge during dislocations or non-economic flows.

• Probabilistic Discipline: Since markets are influenced by randomness, they rely on process discipline and scenario-based valuation to minimize unforced errors.

• Catalyst Focus: Most investments hinge on a clear event or catalyst to unlock value (e.g. M&A, restructuring, litigation, technical flows).

• Contrarian DNA: We intentionally go against consensus, especially where others see risk or avoid complexity.