Discovery Innovation Equity Strategy
The strategy pursues long-term capital appreciation by investing in growth companies that are innovative on the “right side of change.”
Competitive advantages
Right side of change
Identifies companies on the “right side of change” using a non-formulaic approach to idea generation
Fundamental edge
Develops bottom-up fundamental “edge” through all-cap “surround the company” research
Risk/return assessment
Assesses each holding for attractive risk and return to avoid excessive valuations
Portfolio construction
Constructs portfolios to balance risk across core holdings, developing situations, and valuation opportunities
Long-term performance starts with identifying companies on the “right side of change.”
The team’s philosophy is to provide clients the power of long-term compounding through investing in businesses on the right side of change.