As a small partnership, we leverage our size to find opportunities in small market niches that larger market participants overlook. We fish in the overlooked ponds and cast a wide net to maximize potential returns, picking global stock trading at deep discounts to intrinsic value.
This is a partnership. We eat our own cooking. Investment managers should never take risks with others’ entrusted capital that they aren’t willing to take with their own. Through the partnership, the investment manager invests with and on behalf of its owners with all of his investable capital.
To the partnership, investing is a patient discipline, not a speculative one. We are part-owners of operating businesses and take concentrated positions when the market occasionally throws up compelling opportunities. This level of concentration, typically 5-15 positions, dependent on the opportunity set, will lead to periods of underperformance to the general market. We are willing to trade the pains of short-term variance (forget the pleasures) in exchange for maximization of long-term performance. We do not, however, incur risk of substantial permanent capital loss in seeking better performance.
Potential partners must commit to our long-term view to performance. Otherwise, the partnership is not the right choice.
Sung Capital ApS and Oliver Sung solicit investments to Sung Partnership ApS from qualified investors only. Qualified investors are professional investors or retail investors who commit to investing a minimum of EUR100,000 in accordance with the FAIF directives. This Website is for informational purposes only.
