Our Philosophy
Stock Selection Drives Our Returns
Antares implements a research intensive investment approach. The group undertakes over 500 one on one company visits on-site in addition to conducting frequent direct telephone meetings with corporate management and participating in public conference calls. We emphasize gathering primary information from as many sources as possible to gain an edge in understanding the companies in which we have a long-term investment horizon for both long and short positions.
The portfolio stock selection is driven by a strong value bias. Value is defined as a solid franchise with defensible and strong market positions trading at a low valuation. Particular emphasis is placed on free cash flow and the opportunity for high marginal returns on investing the cash flow. We then seek to understand whether the current phase of the company’s internal development will drive an accelerated medium term period of growth or not !