The company offers investment and portfolio management services to institutional and high net-worth investors. The mission of Frontier Public is to generate positive total investment returns by focusing on attractive equity opportunities in frontier and emerging markets. We are disciplined investors with a value-oriented approach because it produces a consistent competitive edge.
What makes us different is our approach to risk management. This approach focuses on diminution, or loss of invested capital, as the primary risk to be avoided. Volatility is another risk to be minimized. This difference is to be appreciated in the context of compounding returns over the medium term, which is approximately one business cycle.
The second part of what’s different about Frontier Public is the recognition that certain businesses in some very interesting places can, over the investment horizon, have above-average expected returns. This could be because of: the extent of industry rivalry, the relationships between suppliers, substitutes, customers and potential new entrants; or the nature of regulation; or relationships with government; or product life cycles; or some combination of these factors. In other cases, management ability or macroeconomic factors are important. If the business’ path to recovery or growth has started and is reasonable, and when these businesses trade at discounts to what they are intrinsically worth, then FrontierPublic is interested. Investing capital at that, and select other, times likely will produce attractive returns. Our aim is to identify and exploit these opportunities.