About

Zugzwang Capital is an investment manager focused on finding undervalued businesses on public markets across the globe.

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We believe having the right incentives is key to achieving superior performance in investment management. In particular, it is important to avoid the investing equivalent of the compulsion to move. We are set up to achieve this in three ways:

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• We have ‘skin in the game’. A significant portion of the portfolio manager and his family’s net worth is committed to our fund. We treat your money just as we would our own, ensuring that we exercise caution at all times but especially when markets are exuberant.

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• We do not charge a % of AUM fee. Since the meter isn’t running, we are comfortable sitting on cash when we cannot find decent investing opportunities in the markets.

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• We only accept investors who have a long term outlook and with whom our investing philosophy resonates. Our investors understand that we are focused on the long term value of a business and not the short term gyrations in its price.