iolite

is 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.

Value investing

is a low risk, high return strategy that has proven to work well over time if applied correctly and consistently.

The goal

is to achieve sustainable, market-beating returns by investing into a highly concentrated portfolio of undervalued stocks and bonds.

Track record

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.

Key Benefits to Clients

No management fee: pay nothing until annual performance exceeds 4%

Full alignment of interests: co-invest with the portfolio manager, one of iolite’s largest investors

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

On 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”.

Robert Leitz

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 my 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.

“We bring you exclusive insights from Europe’s most thoughtful investors, including Robert Leitz (iolite), Howard Marks (Oaktree), Guy Spier (Aquamarine), and many more! Indeed, we are convinced you’ll find the up-and-coming fund managers presenting at European Investing Summit to have truly compelling and differentiated ideas.” John Mihaljevic

Managing Editor, Manual of Ideas

Regulation

iolite Partners GmbH is fully licensed as an Independent Asset Manager by the regulatory authorities in Switzerland as a member of the VQF.