Focus
Determination
Sheer Will

Latest Thoughts from Peter Ahluwalia: "The market is a pendulum that forever swings between unsustainable optimism, which makes stocks too expensive, and unjustified pessimism, which makes them too cheap. The intelligent investor is a realist who sells to optimists and buys from pessimists."
– Benjamin Graham


‍Whilst the obvious question is why don’t we hold more US stocks and why don’t we hold the most popular names our answer is very simple.
We really find it difficult to find much that is of interest in the majority of the US stock market.
We are not momentum investors or index trackers and we ensure that we have no style drift in terms of sticking to our investment process of buying individual stocks at a significant discount to their fair value (can be either in terms of price or growth rate).
With many valuation metrics on US indices surpassing even the 1920’s bubble we continue to believe that the price you pay for an asset determines your eventual gain.
Whilst there is no doubt that Warren Buffet is an exemplary stock picker when you analyse the performance of Berkshire Hathaway you will quite clearly see there is one significant factor that has driven his outperformance over indices- avoiding large drawdowns. The fact that he currently holds his largest cash position ever and is not even buying back his own stock speaks volumes.
December 2024

BELINvest equity fund

A bell rings clearly and we aim to have a clear and understandable investment style.

The Atlantic Salmon faces incredible odds stacked against it giving birth in freshwater, migrating to the ocean after some years and then circumventing the world to breed in the river of its birth. Just like the Atlantic salmon we are not afraid to swim against strong currents and deal with obstacles with a determined focus to achieve our objective of a good return.

High Conviction Fund

A combination of fundamental analysis with entrepreneurial tilt. Just one look at our top 10 holdings will convince you, that we think and our position is very differently to the crowd.

Exceptional Experience

Backed by decades of expertise, a proven track record of success, and a commitment to delivering unparalleled results for our investors. Above all, we try to remain humble and realise that we are learning everyday.

Highly Skilled Team

A wealth of expertise, deep industry knowledge, and a proven ability to navigate complex financial landscapes, ensuring success and value.

It's time to be an active manager again.

Why Belfund?

What if the era of effortless returns ends after a decade of asset inflation?

As we transition into a more dynamic economic cycle, shouldn't you seek active management with a nimble approach to valuation, poised to thrive in a revitalized economy?

Our Approach
John Templeton

“I never in all my life bought a stock because I liked it. I bought it because it was a cheaper bargain than any similar stock I would buy anywhere in the rest of the world.”

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