a value-oriented investment firm.
What's in the name?
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.
is a low risk, high return strategy that has proven to work well over time if applied correctly and consistently.
is to achieve sustainable, market-beating returns by investing into a highly concentrated portfolio of undervalued stocks and bonds.
Honest quarterly reports provide you with insight into what we do and to what level of success.
iolite manages a concentrated portfolio of global value investments with the aim to generate sustainable market-beating returns. iolite serves a select circle of private and institutional clients willing to invest for the medium to long-term, and who would like to have first-hand access to a dedicated portfolio manager.
No management fee: pay nothing until annual performance exceeds 4%
Full alignment of interests: the portfolio manager has skin in the game
Time-tested investment strategy: value investing is a low risk, high return strategy proven to work well over time
Educated and experienced manager: invest with someone who was trained to beat the market and has done so in the past
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”.
is iolite’s sole owner and investment professional. Before iolite, he held positions at Glencore and various financial institutions, including TPG Credit (a hedge fund), Goldman Sachs’ European Special Situations Group, and KPMG Corporate Restructuring.
Robert 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 under the guidance of Prof. Eli Noam at Columbia University, New York.
Robert Leitz is a member of EO – Entrepreneurs’ Organization, the world’s most influential community of entrepreneurs.
iolte highly recommends MOI Global – a great source of ideas and insights into the global value investing community.
Robert Leitz is a regular participant at the annual value investing conference VALUEx Klosters, hosted by Guy Spier.
iolite Capital Management Ltd is fully licensed as an Independent Asset Manager by the regulatory authorities in Switzerland as a member of the VQF.