High Integrity
Investment Manager Focused
on Long-Term Wealth Compounding
- Experienced Professionals as Investment Managers
- Skin in the Game – Investment Managers Fully Invested with Clients
- Fixed Fee to cover Operations and Compliance costs
- Profits from Performance, not from building AUM
About Fortuna
We are a SEBI Registered Portfolio Manager focused on compounding returns over the long term through equity and debt investments in listed securities.
We conduct business on core principle of alignment and performance orientation (profits only from performance and not from building AUM).
Total over 40 years of experience in the Indian Financial Markets.
Worked on long term investments of over $ 1 Bn within the overall experience.
Core
- VALUE INVESTORS AT CORE. Invest at a Price which is defensible based on careful fundamental analysis.
- UNEMOTIONAL. Rigorous, Contrarian and Patient.
- ALIGNED WITH CLIENTS. Low Fixed Costs. Earn profits only if client returns cross Hurdle.
- SKIN IN THE GAME. PMS and Founders to invest their liquid net worth in the same portfolio as clients.
- SLEEP WELL. Zero Leverage.
- PARANOID. Always worry about the possibility of loss of capital.
- INTEGRITY. Strong Ethics and Integrity in all dealings with clients, counterparties, employees and regulators
Our Edge
Professionals with Strong Investment AND Operating Track Record
- Strong track record of Founders as investment and operating managers
- Multi decade experience covering BFSI, IT, Infra, and Manufacturing
Skin in the Game
- Founders to invest their liquid net worth along with client monies
- Client investment returns will mirror returns to Founders
Low Fixed AND Fully Aligned Fee Structure
- Low Fixed Fee to cover direct expenses
- Performance Fee above Hurdle Rate
- Profit for Manager ONLY if client returns cross the Hurdle Rate
Incentivized on Performance NOT AUM
- Traditional fee structures primarily incentivize Fund Manager on AuM size
- Our fee driven by Performance above Hurdle
Investment Philosophy
Fundamental Analysis Driven
Assess competitive advantage
Assess management competence
No compromise on governance
Follow the cash
Long-Term Conviction
Time to build conviction, hold long term
Continuously assess conviction, not price targets
Courage to hold a contrarian position
Position size to reflect conviction
Risk Aversion at Core
Risk = risk of permanent loss
Accept risk of missing opportunity
Avoid weak balance sheets
Track investment thesis quarterly
Asymmetric Pay-Offs
Valuation anomalies/work-outs
Wait patiently
Opportunities created from market excesses
SEBI PMS Registration No. INP000008093
We are a SEBI Registered PMS Manager focused on Long Term Wealth Compounding through primarily Equity Investments in Listed Companies
What Works for Us
- Strong sense of intrinsic value on our investments, often at variance with the market view.
- Working out a special situation or a one-off event. Holding conviction.
- Insights on market mispricing a security due to short term earnings impact, with core business franchise intact.
- Following rigorous and disciplined investing process.
- Holding Investments over the long term. Ensure very low turnover, transaction costs and taxes.
- Avoiding weak balance sheets.
- Minimizing losses. Very few “losing” bets magnified the impact of the “winners”.
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Address
Corporate Office
FF, A Wing, CoWrks Worldmark 1 Building, Aerocity, New Delhi 110037
SEBI Registration No. INP000008093
LLP Identification No. ABB-9820
GST No. 07AAIFF5582C1ZG
Phone: +91 9958620315
Email: info@fortunaadvisors.in
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