Transparency

We make a virtue out of communication between ourselves and also with our clients. Although our team is spread across seven offices, we exchange via an intranet all our investment ideas, updates and visit reports.

We write monthly newsletters to clients (Diaries) and attach full details of our portfolio holdings.

We also send clients a Holdings Booklet every four months which contains our one page synopsis on each of the funds’ investments. We find the preparation of the booklet a useful discipline.

We also circulate our (occasionally indignant) letters to investee companies on issues of corporate governance.