OUR FUND

We aim to provide superior long-term absolute investment returns

“If you want to have a better performance than the crowd, you must do things differently than the crowd.”

Sir John Templeton
“Staying small is simply good business. It wouldn’t be fair to our customers if we had to spread our ideas too thin. There aren’t that many great companies.”

Bill Ruane
“We simply attempt to be fearful when others are greedy and greedy only when others are fearful.”

Warren Buffett

Investment Profile

Portfolio Manager: Peter Smith, CFA

Investment Philosophy: Value Investing

Typical Number of Positions: 20-30 positions

Typical Position Size: Varies from 0.5%-10% with average around 4%

Geography: Global – with an emphasis on Europe

Industries: Unconstrained – rarely finance, technology & bio-tech

Typical Market Capitalization: Small and Mid-cap – though unconstrained

Type of Investments: Primarily equities with some credit and derivatives

Fund Details

Name: Cobas LUX SICAV Palm Harbour Global Value Fund

Management company: FundPartner Solutions (Europe) S.A. 15, avenue J.F. Kennedy L-1855 Luxembourg

Depositary: Pictet & Cie (Europe) S.A., 15A, avenue J.F. Kennedy, L-1855 Luxembourg Auditor: Ernst & Young, 7, 35E, Avenue John F. Kennedy, L-1855 Luxembourg

Investment Manager: Palm Harbour Capital LLP

ISIN Code: F Acc EUR LU1935059029

Net asset value: €10.00 (4 April 2019)

Management fee: F Class 1% (EUR); P Class 1.45% (EUR, USD, GBP)

Minimum initial investment: 1 share

Minimum additional investment: 1 share

Investment Manager Details

Name: Palm Harbour Capital LLP

FCA registration number: 806792

Registered office: 12 Hammersmith Grove, London, UK W6 7AP

Accountant: BCS Accounting Ltd

Auditor: haysmacintyre LLP