An Independent
Partnership
Pearce & Plenty Capital is owned equally by Paul Courtney and Wesley Pearce. Both are directors and share responsibility for the portfolio.
Paul brings experience across financial markets, derivatives and wealth management. Wesley develops the firm's systematic research and oversees portfolio implementation.
We invest our own capital.
Our Investment Approach
We invest through two strategies: systematic value investing and special situations. Both follow clear rules for selecting and holding investments.
SYSTEMATIC VALUE INVESTING
Profitable companies at attractive prices are the starting point. We use a consistent set of valuation, profitability and momentum measures to select investments.
SPECIAL SITUATIONS
Corporate restructurings can leave businesses overlooked or mispriced. We look for opportunities where the market price does not reflect the value of the underlying business.
FUNDAMENTAL RESEARCH
We look at how a company earns its money, the debt it carries and the price we are paying. We want to understand both the opportunity and what could go wrong.
PORTFOLIO DISCIPLINE
Position sizes reflect the strategy and the liquidity of each investment. We spread capital across holdings and keep a cash reserve.
RISK OVERSIGHT
We review holdings, liquidity and overall exposure throughout each investment. We pay particular attention to debt levels and the risk of permanent loss.
OUR OWN CAPITAL
We invest our own capital in the strategy. Paul and Wesley own the firm equally and share responsibility for investment decisions.
PRIVATE CAPITAL. LONG-TERM PERSPECTIVE.