The Institutional Landscape
At CapitalatWork we distinguish between Alpha and Beta investments. “Beta investments” is the term used by many investors for passive investments. Through Beta investments, the investor tries to capture the return of an index at a minimal cost. One of the pitfalls of many indices is that they are based on the price or market value of their constituents. This has given birth to a concept which is called “Fundamental Indexing”.
At the origins of CapitalatWork is the search for Alpha. From the beginning, at CapitalatWork, we have been active “value” investors. Based on a consistent implementation of our valuation methodology (Free cash-flow and enterprise value) we construct our portfolios bottom-up without regard for benchmarks.
Read more about this under Active Asset Management.
