INVESTMENT PHILOSOPHY

Activities

Stacey Muirhead is an unconstrained, global, valuation driven investment firm. The investment mandate for the capital entrusted to our care contains few restrictions. This flexibility enables us to allocate capital to any attractive opportunity that presents itself without regard to considerations such as geography, market capitalization, industry sector or capital structure position. We pride ourselves on our independent, fundamental, research driven investment process. Our sole objective in all our investment activity is to generate acceptable real absolute returns over the long term while minimizing the risk of permanent capital loss.

At Stacey Muirhead, we make commitments to a limited number of Long Term Investments. We look for companies with outstanding business economics, that are run by capable and honest managers, and which are available at attractive prices. We describe this concept simply as ”Great Business, Great People, Great Price”. We also allocate capital to Event Driven Investments where we attempt to profit from participation in various announced corporate events. We are always open to considering other one-off investment commitments and look for various ways to mitigate risks for our investors which may involve the purchase and sale of derivative instruments from time to time. Finally, because we are disciplined, we are willing to hold cash and cash equivalents when we are unable to find enough attractive investment opportunities rather than embracing inappropriate risks.