Tollymore generates 20 per cent per annum returns since inception
Tollymore Investment Partners (Tollymore), a private investment partnership for long term investors, has generated returns of 19.9 per cent per annum gross since inception in May 2016. This includes a return of 8.9 per cent per annum gross in 2020 YTD despite significant market turmoil.
Tollymore highlights that GBP1 invested at inception would be worth GBP2.08 today, after expenses but before fees paid to Tollymore. Over the same period GBP1 invested in the MSCI All Country World Index would have generated a return of 60p. Around two thirds of this benchmark outperformance, and around 85 per cent of the absolute investment result, would have accrued to investors choosing to commit their capital for three years.
Tollymore, which partners with family offices, HNW investors, Fund of Funds and offshore funds, aims to compound partners' capital over the long term by investing in a concentrated portfolio of around 10-15 undervalued high-quality businesses. Some of these companies include the Aspen Group, the NASDAQ listed education technology holding company; Sea Limited, the leading Southeast Asian ecommerce and gaming business and Trupanion, the US medical insurance provider for pets. Tollymore partners with investors who think like business owners rather than traders, and who understand the importance of patience and independent thought in an investment philosophy.
Mark Walker, Managing Partner at Tollymore Investment Partners, says: “Recent unpredictable events should be a reminder of the value of long-term investing. There is a time arbitrage to be enjoyed by investors able to look beyond the next quarter or year. With average investment holding periods a mere matter of months, this is not the case. And we don’t expect it to change.