Value Invest London

Philip Best

October 26
14:00 2015

Philip Best – Quaero Capital

Philip Best is a founder of Quaero Capital in Geneva, where he launched The Argonaut Fund in 2003. The fund specializes in seeking out stocks across Europe that are little-known and poorly followed because of being too small to interest mainstream investors. Using a strong value-driven philosophy the team aims to identify stocks in the small/micro-cap category that have been mis-priced by the market because of their illiquidity and that stand at a significant discount to intrinsic value. Over the ten years since launch the fund has given an annualized return of 13.8% with volatility of 16.5%- substantially lower than large cap over the period. Philip started his career following European small cap stocks at Mercury Asset Management in 1984, later becoming a broker at Enskilda Securities and The Europe Company Ltd, before returning to fund management in 2003.

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