Global Growth Equity
Investment Strategy

• We seek companies attacking large opportunities.
  We look for companies that apply information technology to huge addressable markets, such as travel or entertainment.
• We seek companies that have scalable solutions for growth.
  We believe these companies have greater profit potential and the ability to reinvest their earnings back into research, marketing and development, accelerating their top-line growth.
• We seek companies with natural options for growth.
  We look for companies that can easily extend their reach into adjacent areas (e.g., search engines move into advertising and international markets).
• We seek companies with management teams that can deliver results.
  We actively look for management teams that are able to exploit their business' natural growth opportunities.
• We seek to keep abreast of developments by spending time 'on the ground.'
  We regularly visit companies to meet in person with management, including traveling to China to meet with teams locally. We conduct our own qualitative research on companies to determine whether they are desirable candidates for our portfolio, which includes attending conferences and meetings with key industry figures.
  

SELL DISCIPLINE:

We closely monitor all our companies for their vulnerability to market and economic disruptions.

When we are convinced a company's problems can be remedied, we retain our holdings and do not automatically sell. When earnings erosion appears endemic in a changing landscape or if we see better prospects elsewhere, we sell and reinvest in companies we believe have more potential. We are highly tax efficient, rigorously realizing tax losses before year-end to offset any capital gains realized during the year.