Aquitania Capital Management, LLC

Investing With Conviction

Strategies

 

Value Strategy


Aquitania's Value Strategy attempts to maximize risk-adjusted returns over a three to five year market cycle. 


Portfolios are conservatively managed to provide real capital appreciation while emphasizing downside protection. We look to invest in undervalued securities that we believe will appreciate sharply in response to future changes and catalyzing events. The undervaluation should protect us against permanent capital impairment and allow us to earn a reasonable return even if our thesis proves incorrect. The anticipated catalysts provide us the opportunity to achieve our goal of earning excess returns.


We employ a concentrated, long-term investment approach, typically holding between 20 and 30 securities. This long-only strategy invests across the capital structure in global equity and credit markets. We have no capitalization restrictions and foreign holdings often represent a significant percentage of assets.


We primarily invest in businesses that are proven franchises with durable economic advantages - as evidenced by a track record of substantial free cash flow generation over complete business cycles - and only investing when the valuation of such businesses provides us with a significant margin of safety.


We opportunistically invest in special situations and small-capitalization companies where we can maximize our information advantage derived through our rigorous fundamental research process.


Event Driven Strategy


Aquitania's Event Driven Strategy attempts to maximize risk-adjusted returns. Portfolios are aggressively managed to provide real capital appreciation while emphasizing downside protection. We look to invest in undervalued securities that we believe will appreciate sharply in response to future changes and catalyzing events. The undervaluation should protect us against permanent capital impairment and allow us to earn a reasonable return even if our thesis proves incorrect. The anticipated catalysts provide us the opportunity to achieve our goal of earning excess returns.


We employ a concentrated, long-term investment approach, typically holding between 20 and 30 securities. This long-only strategy invests across the capital structure in global equity and credit markets. We have no capitalization restrictions and foreign holdings often represent a significant percentage of assets.


We primarily invest in businesses that are proven franchises with durable economic advantages - as evidenced by a track record of substantial free cash flow generation over complete business cycles - and only investing when the valuation of such businesses provides us with a significant margin of safety.


We opportunistically invest in special situations and small-capitalization companies where we can maximize our information advantage derived through our rigorous fundamental research process.