A boutique, value-oriented Investment Firm
iolite (also known as cordierite) is a crystal that changes color when pointed toward the sun, even on cloudy days. The Vikings discovered iolite's unique property, using it as a compass, which allowed them to conquer the seas and cement their reputation as legendary seafarers.
Value Investing
A share represents a fractional ownership of an underlying business and a bond is a loan to a business. Therefore, in the medium to long term, the performance of shares and bonds should strongly correlate with those of the underlying businesses.
Services
At iolite, we try to keep things simple and stick to time-tested value investing strategies. We are not interested in selling so-called ‘innovative’ financial products and we aim to keep portfolio turnover as low as possible.
Track Record
Honest quarterly reports provide you with insight into what we do and to what level of success.
We manage concentrated portfolios of global value investments with the aim to generate sustainable market-beating absolute returns. We serve private and institutional clients willing to invest for the medium to long-term, and who would like to have open and first-hand access to a dedicated portfolio manager.
Key Benefits to Clients
At iolite, we only make money if our clients make money and only charge a performance fee if the portfolio exceeds the last high plus a hurdle. We try to keep things simple and stick to time-tested value investing strategies.
read moreOn Value Investing
High-profile proponents of value investing, including Berkshire Hathaway chairman Warren Buffett, have argued that the essence of value investing is buying stocks at less than their intrinsic value. The intrinsic value is the discounted value of all future distributions. The discount of the market price to the intrinsic value is what Benjamin Graham called the "margin of safety".
read moreThe Team
Robert Leitz is a founder and investment manager at iolite. Before iolite, Rob held positions at various financial institutions. These include founding member at TPG Credit, investment analyst at Goldman Sachs' European Special Situations Group (ESSG), and management consultant at KPMG Corporate Restructuring. Rob graduated from the University of St. Gallen (HSG), Switzerland, with a Master of Science in Business Administration and Economics, and wrote his master's thesis at Columbia University, New York.
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