Introduction to the Concentrated Fund (April 2020)

Virtual Lunch – Pembroke Concentrated Fund – Q1 Update Call

On Wednesday, April 29th, Andrew Garschagen, Partner, Director and Portfolio Manager of Pembroke, discussed Pembroke’s concentrated fund strategy and provided a Q1 update on the Fund

Key Takeaways

  1. The Fund selects 12 to 18, high-quality businesses with long term secular growth opportunities from Pembroke’s existing portfolios, with each stock having 100% upside potential over the next 3-4 years;
  2. To address the risks associated with concentration, it invests in conservatively financed companies and strives to engineer out binary risk from the portfolio while adhering to a strict sell discipline;
  3. The Pembroke Concentrated Fund was launched on February 1st, 2018 and to date, it has achieved its objective of beating its benchmark by 400 – 600 bps annually.

To learn more, please view the recording here: