Havelock London

Havelock London was founded in September 2017 in the belief that decisions based on data can support the long-term, disciplined approach required for successful investing.

The world is experiencing a revolution in the availability of data and the technology to analyse it. We believe this presents investors with an unprecedented opportunity to make better decisions by being more objective about the long-term value of the assets they own. In a world drowning in information, these decisions can only be made by knowing how to filter the data, understand it, and recognise what really matters.

We invest in a small number of companies where we have developed an in-depth understanding of their business. We look for a track record of strong operating performance, financial discipline and a purchase price that does not require undue optimism about the future. As long-term investors, company valuations matter to us as a great business will only make for a great investment at the “right” price.

Our approach is to estimate what we think a company is worth, by using data about its underlying business. We want to understand how it generates its profits and then form a view about what the future might reasonably hold. We analyse a range of possible outcomes and our statistical mindset helps us quantify the likelihood of each and guards against our decisions being clouded by emotion. Our core objective is to ensure that our portfolio is robust in a range of scenarios.

We have developed a range of proprietary software which makes our investment process disciplined and efficient. These tools also make our process scalable in addition to ensuring consistency and accountability with respect to every decision we make. We believe that the use of technology can leverage our ability to generate ideas, understand context and focus on what really matters.