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
As a specialized fund advisor focussing on listed capital market niches with information inefficiencies, our approach is to understand companies qualitatively and quantitatively on a fundamental basis and to make the most plausible assumptions about their future fortunes. In doing so, we try to avoid overconfidence in our assumptions and overly optimistic expectations.
We engage in pro-active information gathering and validation by means of our own rigorous research to arrive at differentiated investment perspectives. As an independently owned and managed boutique, our ability to avoid conflicts of interest and organizational directives is of paramount importance in order for us to exercise true discipline in our investment process.
The team has in-depth investment experience across medium-sized listed European companies and independently identifies investment ideas from this universe.
We strive for high ethical and commercial standards and commit to being a reliable and trustworthy partner, who acts with integrity. Similarly, we seek to establish long-term relationships with companies and investors who share our values.
BARIUS EUROPEAN OPPORTUNITIES
|ISIN||Retail: DE000A2JF865 Institutional: DE000A2JF873|
|Administrator||HANSAINVEST Hanseatische Investment-GmbH|
|Depositary||Joh. Berenberg, Gossler & Co. KG|
|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||15% above 5% Hurdle Rate with High Water Mark|