A Message From The Fund Manager,
Jon Grad

Dear Investor,

I started the fund as a concentrated public equity investment strategy focused on the transformation of the financial services sector. The fund looks for long-duration, highly profitable, growth companies that are disrupting legacy incumbents through technology, including AI. Financial disruption is one of the very best sectors for long-term growth due to large end markets that remain dominated by slow-moving incumbents while compliance and regulatory requirements provide wide moats favouring the leading innovators which we invest in.

Regards,

Jon Grad