9 February 2007
FOUR was established in 2006 and is majority owned by its founding partners, Ted Williams, Chris Rodgers, Tom Carroll and Derrick Dunne. The business launches with a staff of 10 all of whom will be given equity in the firm.
Ted Williams said “I am delighted to be working with Tom and Chris again. We are looking forward to creating a fantastic business and serving our clients’ best interests”.
FOUR will focus on UK equity portfolio management and will initially offer three products. These are a long only Diversified UK equity portfolio comprising c. 50 holdings, a long only Focus UK equity portfolio comprising our c.25 best ideas and a long/short absolute return fund that will comprise our best long ideas with selected shorts and managed net market exposure.
FOUR’s distinctive investment approach is designed to generate strong investment returns without taking undue risks. We achieve this by recognising that there are two distinct types of investments. In the longer-term, share prices reflect the underlying fundamentals of a business. Our strategic holdings therefore focus on the intrinsic value of a company. However, in the shorter-term, market volatility creates opportunities and our tactical holdings are positioned to exploit this. In all cases we are seeking investments where our appraisal of the upside opportunity and downside risk is favourable and asymmetric.
FOUR is in the process of launching a Dublin based Open Ended Investment Company and a Cayman Island based fund with an Irish Stock Exchange listing.
Derrick Dunne said “This is an exceptional team of investment professionals that stands apart from its peers. This together with ample funding and an experienced operations team should prove a winning formula”.