Discerene Group
Established in 2010, Discerene Group (“Discerene”) are a global, fundamental, long-term value investor. Based in Connecticut in the US, they invest in out-of-favour businesses protected by either structural barriers to entry (“moats”) or hard assets at prices offering significant margins of safety.
- Pillar
- Quoted Equities - Funds
- Theme
- Global equities - value
- Status
- Current investment
- Geography
- Global
- Invested date
- August 2020
Discerene are patient, disciplined, long-term investors who underwrite investment opportunities based on deep fundamental research, employing value investing principles. This requires a first principles-based study of entire industry structures, focusing on otherwise high-quality companies that are deeply out of favour. Applying a contrarian approach to investing, they aim to identify the most compelling investment opportunities when most are selling, operating with agility and conviction to capitalise on market-price dislocations.
Discerene places great importance on developing a singular base of investors who share their philosophy, values and investment horizons. Highly selective about investors they admit, their long-term relationships are an essential tool in enabling them to deliver on their investment mandate.
Our investment with Discerene generated a 14% year to date return through 30 June and an annualised compounded return of 21% in the almost five years since the inception of our relationship, net of fees.