Latitude was founded by Freddie Lait in 2016 to provide a long only investment strategy building on a successful long term track record.
The objective of the Latitude Horizon Fund is to deliver capital appreciation over the long-term by holding a concentrated portfolio of stocks whilst lowering the equity risk- and enhancing return through a selection of non equity investments.
We employ a long-term approach to investing in listed equities. We invest on a high conviction basis with a focus on qualitative idea generation and intensive due diligence.
Through our absolute return and long-only equity strategies, we seek to deliver attractive risk adjusted returns to our investors throughout the economic cycle with a view to minimising correlation with market indices.
The absolute return strategy, the Horizon Fund, invests a portion of the portfolio in non-equity instruments to diversify risk.We invest for the long term and do not employ short strategies or derivatives.
We offer two strategies to our clients, based around one core investment philosophy and approach
We seek to generate long-term outperformance for our investors while taking less risk.
Our philosophy is to keep it simple and we focus on two principle aims throughout investment cycles: protecting and growing our clients’ capital.
We look to minimise losses by controlling the downside risk in each individual investment, and diversifying our sources of returns.
The Latitude Global Fund follows an in-depth, structured approach to equity investment. We have achieved strong returns for our clients to date across market cycles by combining fundamental internal research with disciplined portfolio construction.
We only invest in businesses when the market offers us a significant margin of safety to do so. Our investee companies must also have the ability to grow intrinsic value per share many years into the future. This approach requires thinking like an owner of a business, which is one of the many benefits of our partner owned and managed structure.
The Latitude Horizon Fund follows the same equity investment approach as the Global Fund and combines this with the optimal asset allocation to fixed income, currencies, cash and commodities.
This approach further reduces investment risk throughout the market cycle, while adding incremental returns. This is to the benefit of long-term performance.
Our fund is centred on a portfolio of single stock equity investments, with cash and non-equity investments alongside which are intended to produce ample returns while reducing downside risks.
We embrace volatility at the individual investment level, while continuously endeavouring to reduce it at the portfolio level. This can be done without the need for short strategies or leverage by using the primary findings of diversification theory, behavioural finance, and by taking a genuinely long term approach to every investment we make.
At Latitude we only invest in very liquid instruments. Our stocks are generally larger than £10bn in market cap and our non-equities include government bonds, FX and gold.
The current daily liquidity of the Latitude Horizon Fund is at least 97%. The issue with illiquidity premiums rising will affect larger groups more starkly than boutiques, another reason in our opinion to invest in the latter!