Investment Philosophy
Investment Objectives
...Met by combining Fundamentals & Workout strategies to achieve superior risk adjusted returns
Portfolio Return > Benchmark
Generate returns higher than benchmark through superior investment selection and portfolio construction
Capital Protection
Protect portfolio from permanent loss of capital
Calculated Risk
Don't believe in buying lottery tickets in a quest to chase performance
Stability > Volatility
Keeping the journey smooth to protect investors from unnecessary downside volatility during market falls
Clearview Long Term Partners Fund
Our flagship investment approach catering to high net-worth individuals and institutions with investments predominantly in Indian equities
Fundamental
Good quality business available at reasonable price with triggers for value convergence
Learn More+
Workouts
Predictable special situations which are delinked from the market and have limited downside risk but have upside optionality
Learn MoreCombination of fundamentals and work-outs results in superior risk adjusted returns
Workouts % in Portfolio increases when trade-off between risk and reward seems unfavourable. Higher % of Workouts enables
Resilient portfolio with reasonable returns during market downturns
Cash conservation for fundamental ideas when risk-reward turns favorable
Alpha generation during all seasons
Fundamental Investments
Private Equity Style Investing
Good Quality Business
Competitive & Sustainable Moat
Ensure ROCE > Cost of Capital over the competitive advantage period
Management & Governance
Integrity & competence of management with protection of minority shareholder interests
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Reasonable Price
Absolute > Relative
Prevents us from acting during market euphoria when 'any' price can be justified
Margin of Safety
To protect against unknown downsides
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Triggers for
Value Convergence
Identify Trigger
Stocks can stay mispriced longer than one can stay solvent
Price -> Value
Events (capex, change in business strategy, management) can lead to convergence of price with value
Clearview Edge
Rich experience of assisting blue-chip Private Equity funds manage multi-billion dollar investments
Workouts
Special Situations
Investments whose outcomes are influenced by specific corporate actions like M&A, open offers, demergers etc.
Reasonable & Predictable
Price should allow for reasonable and predictable returns during holding period
De-linked from Market
Capital preservation during times of market euphoria when risk-reward is not in favour of fundamentals
Limited Risk
In-built downside protection despite industry / business changes and broader market movements
Clearview Edge
Team comprising of ex-investment bankers with rich experience in handling special situations
What to Expect from Us
Deep Research
Scientific research > Gut calls
Discipline & Contrarianism
Greedy when others are fearful and fearful when others are greedy
Low Portfolio Churn
Not cutting the flowers to water the weeds
Concentrated Portfolio
Extreme diversification is protection against ignorance
What Not to Expect from Us
Technical Analysis
No charting
Trading & Speculation
We don't buy stocks, we buy part ownership in a business
Short Termism
In the short run, the market is a voting machine, but in the long run, it is a weighing machine
View on Macros
Bottoms-up > Top-down
Address
Clearview Capital Advisors Private Limited
Unit 703, 7th Floor, 90 Degree Magnus,
Block EP, Sector V, Salt Lake City, Bidhan Nagar,
Kolkata - 700091
SEBI PMS Regn No: INP000009029
Call Us
+91 74397 25132
Mail Us
contact@clearviewcapital.in