Investments
Tadpole employs a fundamental, bottom-up approach to investing and manages portfolios on a purely discretionary basis. Client assets are managed through separate accounts custodied at Interactive Brokers, providing daily transparency into account balances and positions. Investments follow the firm's opportunistic, long-term strategy.
- Opportunistic long/short investment strategy mixed with stable yield and tax awareness where appropriate.
- Concentrated on 20-30 best ideas, with top 10 likely to represent >50% of assets.
- Primarily US and global small and mid cap focus, but other asset classes (fixed income and options) and market caps in play as opportunities arise.
- Allocation to stable yield and tax-aware investments depending on client needs.
- 1.00% management fee, paid quarterly based on assets under management.
*Note that client portfolios may differ depending on client goals, portfolio size, investment timing, and other factors
$20,000
Minimum portfolio size.
1.00%
Management fee, paid quarterly based on assets under management.
Tadpole's Investment Philosophy
- Be opportunistic
- Focus on smaller companies both in the US and abroad
- Underwrite from the standpoint of owning the entire business
- Don't compromise on valuation
- Weed out bad balance sheets and promotional management teams
- Earn returns from the business first, and multiple expansion second
- Lower risk by demanding both quantitative and qualitative margin of safety