The Norrep Resource Class is designed to achieve long-term capital appreciation by investing in both Canadian and foreign resource companies. The portfolio may consist of all types of equity and convertible debt obligations of issuers that may or may not be listed for trading upon the facilities of stock exchanges or other organized and regulated trading facilities. Assets of the Fund may also be invested in debt obligations or held in cash to the extent that economic, market or other conditions make it appropriate.
Value-Oriented
By implementing a number of fundamental and quantitative techniques across our universe of possible investment options, we are able to identify the key factors that contribute to the underlying success of companies. Having identified these key elements, we then invest only in strong and motivated management teams that offer the best combination of value and growth potential. We believe in serendipity; good things happen to well run companies.
Unknown and Underappreciated
We excel at identifying undervalued equities with significant growth potential before the market recognizes their value. Whether these investments are undervalued due to a lack of analyst coverage, mistakes by previous management teams, or a misunderstood business model, our independent in-house research allows us to locate and exploit and capitalize on these opportunities.
Long-Term Investment Style
We invest in securities with long-term growth potential, regularly holding our top ten ideas for longer than three years. Generally, our top ten holdings represent 40-50 per cent of the portfolio's value. We view market gyrations as an opportunity for patient long-term investors. In fact, our track record has shown that lasting out-performance can be achieved through our disciplined and consistent investment methodology.
