Fountainhead Partnerships Fund
The objective of the Fund is for its long term returns to exceed the Benchmark. However, the Fund will be constructed with limited reference to the Benchmark and therefore the returns of the Fund may significantly vary from the Benchmark returns. The Fund has a long term investment horizon.
What we do
Investment Objective
The investment objective of the Fountainhead Partnerships Fund is to achieve long-term capital appreciation by investing in a fundamental global equity long/short strategy. The Fund uses derivatives, options and futures in its hedging strategies on a risk reward basis to reduce the market and the idiosyncratic risk.
Investment Strategy
The Fund’s strives to achieve a capital appreciation of between 10-15% per annum or 3-6% above the benchmark of S&P 500. In seeking to achieve this objective the Fund employs the following strategies.
- Investing in long-term economic, social and technological trends primarily through equity exposures. We have a strong preference for investing in monopolies and oligopolistic businesses. Over the years, we have focused on niche industries dominated by one to three key players—sectors where competition is limited and pricing power is concentrated. This approach reinforces two of our core principles: quality and off-the-radar opportunities. Market leadership in a consolidated industry often enables companies to maintain strong margins, withstand economic shocks, and avoid survival risk. As long-term investors, this provides us the confidence to focus on a company’s growth runway rather than being distracted by short-term market cycles.
- Another unique element of our investment strategy is the sensible and selective use of options to hedge the downside risk. We do not attempt to predict market direction or use options for speculative purposes. Instead, our strategy is built on risk mitigation and capital preservation. Our primary objective is to reduce Beta or systematic risk in our fundamentally driven, bottom-up portfolio. Over the past decade, the options overlay has proven effective in protecting capital during sharp market drawdowns, adding resilience to our equity portfolio.
Fund Managers
Paul Sherriff, CFA
Portfolio Manager
20 years’ investment experience | Co-Founder, 10 years at Fountainhead
Salman Ali, CFA
Head of Research & Portfolio Manager
34 years’ investment experience | 3 years at Fountainhead
PERFORMANCE HISTORY
Performance & Reporting
| 1M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Inception* | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FHPF | -1.5% | -0.2% | -8% | 23% | 50% | 212% | 378% | -0.2% | -0.1% | 22% | -15% | 26% |
| ACWI | 1.0% | 10.6% | 14% | 45% | 67% | 116% | 121% | 11% | 15.4% | 22% | -20% | 16% |
| SPX | 2.2% | 7.8% | 15% | 53% | 94% | 201% | 208% | 8% | 23.3% | 24% | -19% | 27% |
| Financial Year Ending | Portfolio | Benchmark | Relative |
|---|---|---|---|
| 2015 | 42.1% | -4.7% | 47% |
| 2016 | 39.2% | 5.8% | 33% |
| 2017 | 35.1% | 21.8% | 13% |
| 2018 | -16.7% | -11.0% | -6% |
| 2019 | 26.9% | 23.6% | 3% |
| 2020 | 30.2% | 14.5% | 16% |
| 2021 | 25.7% | 16.3% | 9% |
| 2022 | -14.6% | -19.7% | 5% |
| 2023 | 21.5% | 22.2% | -1% |
| 2024 | -0.1% | 15.4% | -16% |
| 2025 YTD | -0.2% | 10.6% | -11% |
| Since Inception per annum | 15.9% | 7.8% | 8% |
| Total Cumulative Since Inception | 378.3% | 121.2% | 257% |