Marcel Marentini

BAM is a value-oriented investor and engages in active management. They invest globally with the bulk of their investments in Japanese securities. They aim to achieve long-term capital appreciation with minimum risk by investing in undervalued companies. The firm's investment strategy is based on fundamental bottom-up research and the core element of their investment process is an evaluation system designed to calculate the intrinsic value of companies. The firm uses a proprietary database, developed in-house, which focuses on Japanese companies. BAM screens target markets using quantitative models before analyzing the historical price evolutions of stocks. They then perform a complete bottom-up fundamental evaluation of companies, analyzing the balance sheets as well as the profit and loss statements of potential investees. Their analysts seek to understand how the different companies work, evaluating how they act in time, currency cycles, product cycles and different economic situations. They also produce future earnings forecasts. The firm selects companies which their analysts believe to be traded under their intrinsic value, have solid balance sheets, cash generating businesses with proven track records, and sound non-capital intensive business models.

Quorus takes a long-term perspective and utilizes a top-down approach with clearly defined investment strategy that is based on client’s investment objectives, reference currency and risk tolerance.