Founded in 1999 by Nicholas Virgil Tompras, CFA, ACR Alpine Capital Research operates as a 100% employee-owned fundamental valuation-based asset management firm. Tompras serves as CEO and Co-Chief Investment Officer, having been a CFA charterholder since 1997. The leadership team includes President Willem Eduard Schilpzand, who leads the Equity International Fund and co-manages other strategies, and Co-CIO Timothy Paul Piechowski, who leads the Opportunity and All Cap Partners strategies. The firm employs 32 professionals with significant experience in fundamental analysis and value-oriented investing.

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ACR's mission is to protect and maximize investor purchasing power through fundamental valuation-based asset management. The firm focuses on preserving capital during periods of economic decline while pursuing above-average, long-term absolute and relative returns. Their investment philosophy is rooted in principles essential for successfully evaluating fundamental value and risk, which they believe is the key to investment success. Capital protection comes not from avoiding short-term swings, but from avoiding permanent loss. Fundamental value represents the cash generated by an enterprise over its useful life, while risk is the likelihood and potential magnitude of permanent decline in earning power. The firm never confuses fundamental value with market price. A quantifiable margin of safety is the hallmark of quality investment. They are investors rather than traders, making no attempt to call tops and bottoms. Market declines allow them to acquire shares of businesses that have temporarily gone on sale.

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