What are yours?
AS IT SEEMS
A company’s share price reflects the weighted assumptions of market participants regarding its future development. The distinct views, interpretations, investing requirements and probability scenarios of various investors find their collective expression in this price which, along with opinions about the many influencing factors, shift on a daily basis. Market and competitive dynamics, business models and their sustainability, execution skills and employee motivation are all important factors to be assessed.
Key assumptions are summarised in the variability of revenue growth and profit margin expectations, which ultimately drive company profits and cash flows.
At the end of the day, a company’s share price is nothing more than the price at which two investors with different assumptions meet.
BARIUS CAPITAL MANAGEMENT
Barius Capital Management (BCM) is an independent investment boutique based in Munich. On behalf of our clients, we pursue an attractive niche market beyond mainstream and large capitalisation indices, investing in the public equity of small- and medium-sized European companies. Exploiting informational inefficiencies in a market that is overlooked by most other participants is key to our investment strategy. The Barius European Opportunities Fund comprises primarily of quality European companies with above-average growth rates and high inherent cash generation.
At the core of Barius Capital Management is a team of high-calibre professionals with many years of experience in international financial markets and equity investments. Experience, performance and trust are firmly entrenched in our DNA. We generate alpha for our investors by acting with foresight and caution, recognising market trends early on and selecting investments that stay true to our investment philosophy.
Martin Hofberger, Managing Partner, is an expert in global capital markets and equity investments with more than 20 years of investing– experience. He started his career at global venture capital firm Siemens Venture Capital and subsequently worked at the European private equity firm NIBC Capital Partners. In these roles, he worked on 32 direct investments in growth companies as well as established medium-sized companies. Thereafter, he managed various special mandates for private and institutional investors, particularly in the small- and medium-sized European company segment. Together with Götz Mäuser, he founded Barius Capital Management and launched the Barius European Opportunities equity fund in 2018. Martin comes from Bavaria, holds an MBA from London Business School and completed part of his studies at The Wharton School. He is also a CFA Charterholder.
Götz Mäuser, Partner, is an investor and advisor with more than 30 years of expertise in capital markets, M&A and business development. He began his career at management consulting firm McKinsey and worked, among others, in Germany and Brazil. He continued his career as partner at private equity firm Permira and successfully led various mergers and acquisitions (including those of SBS Broadcasting Sarl and ProSiebenSat.1 Media AG). Götz was a member of the Supervisory Board of MDAX-listed ProSiebensat.1 Media AG from 2007 to 2014, including more than four years as Chairman. Since 2014, he has been active as an independent investor and member of various boards. Götz comes from Hessen, is a business graduate and holds an MBA from the Leonard N. Stern School of Business at New York University.
JP du Buisson
JP du Buisson, Investment Manager, has over ten years of investment management and investment banking experience focussing on small-to-mid-cap companies in both developed and emerging markets. He began his career by completing his accounting articles and joining the Corporate Finance team of Nedbank, there he gained experience in M&A, equity capital raising, listings and valuations at one of South Africa’s largest domestic banks then part of FTSE 100 company Old Mutual plc. Before joining Barius Capital Management, he was an investment manager at the Special Opportunities hedge fund of Westbrooke Alternative Asset Management which pursued special situation and activist investment strategies within the South African small- and mid-cap landscape. JP is South African and holds undergraduate finance as well as postgraduate accounting degrees from the University of Cape Town. He is also a CFA Charterholder and qualified as a Chartered Accountant.
Thibault Mercier, Investment Manager, has eight years of experience with a strong focus on European equity investing. He has worked at well-known companies and his path led him, among others, to the private equity fund of Ardian (previously AXA Private Equity). Thereafter, Thibault was an analyst at Forum Family Office, which specialises in European small- and mid-capitalisation companies and follows a value investing approach. He also founded THIME Management, a financial strategy and investment advisory firm that not only advises private and institutional investors but also supports entrepreneurs in realising their business ideas. Thibault grew up in France, holds a Master’s degree in Engineering and an Advanced Master’s degree (“summa cum laude”) in Finance from ESSEC in Paris.
BARIUS EUROPEAN OPPORTUNITIES
UNLOCK AND HARNESS THE POWER OF SMALL & MICRO CAP INVESTING
|ISIN||Retail: DE000A2JF865 Institutional: DE000A2JF873|
|Administrator||HANSAINVEST Hanseatische Investment-GmbH|
|Depositary||Donner & Reuschel AG|
|Tied Agency Provisioning||DWPT Deutsche Wertpapiertreuhand GmbH|
|Advisor||Barius Capital Management GmbH|
|Type of Fund||UCITS|
|Inception Date||3 September 2018|
|Classification||Equity (51% and higher)|
|Minimum Investment||Retail: EUR 1 Institutional: EUR 500,000|
|Management Fee||Retail: 1.5% Institutional: 1.2%|
|Performance Fee||12.5% with High Water Mark|
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