We at Fortuna Advisors [SEBI Registered PMS] are focused on building a Long Term compounding investment portfolio for our clients, while ensuring margin of safety for capital preservation.
Our returns for the month of Aug 2023 are +9.1%, while the Benchmark BSE500 returned negative 0.85%. Since July 2023, when we started onboarding clients, our Portfolio has returned +10.7%, against Benchmark returns of +2.7%. [We continue to hold approx. 20% of Portfolio in Cash, waiting for better entry points].
We do not give significant weightage to short term outperformance (after all, short term returns may partly be due to luck, rather than our skill). With challenging global macro (US rates high, staying high for longer, slow growth in China and EU), we remain prepared for volatility in the latter part of the year.
We invest in India. We like the Indian macro and the opportunity this brings our clients over the next decade.
As long-term investors, we work on consistent and independent investment thinking (deep dive on company specific analysis, not go with market favorites), low turnover (our holdings are for the long term, ensuring low brokerage and taxes), and alignment with clients (we invest alongside our clients, we primarily earn performance fee once client returns exceed 10% annualized).
Our investment philosophy and principles are discussed in more detail on our website www.fortunaadvisors.in
We are happy to discuss our specific investment theses (including work in progress cases). Please let us know if you are open to having a discussion with us.
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