Investor Summary

Andrew Martin serves as CEO and brings over 17 years of institutional investment management experience, having managed multi-billion dollar portfolios throughout his career. His academic background includes a B.Sc. in Theoretical Physics from the University of York and a doctorate in Astrophysics from the University of Oxford. Martin began his professional career as a business consultant with Accenture before transitioning to investment management. Michael Saunders contributes over 20 years of international experience in investment banking as COO, having worked at major institutions including Citigroup and Societe Generale, with experience managing sales and trading teams across London, Hong Kong, and Paris. Carlo Weis brings over 30 years of financial services experience as CMO with managerial roles across the US and Europe, and founded Innovative Merchant Funding, a fintech company specializing in business funding and cash advances. The team combines deep analytical capabilities with extensive operational experience across global markets. Despite managing a relatively small fund, the team has achieved industry recognition through multiple prestigious awards including Best Equity Hedge Fund Under $500 Million by Hedgeweek in 2022.

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Fund Strategy

Fairlight Capital is a research-intensive alternative investment company that targets asymmetric opportunities where fundamental inflection points have not yet been recognized by the broader market. The firm specializes in global equities and focuses on identifying asymmetric investment opportunities in high-quality, cash-generative businesses that are not yet broadly recognized by the market. The investment philosophy emphasizes identifying attractive valuations in growing businesses with quality elements that will protect the business and support future growth for extended periods. The firm specifically targets cheap, growing, quality businesses, with high returns on capital that are throwing off a lot of cashflows and/or have healthy cash balances and low debt levels. Fairlight often invests in companies at an early stage of dominating their sub-sub-sector or business niche, have very few competitors, or have a unique product or service. The firm maintains exceptionally high hurdle levels in their internal metrics, often focusing on companies that represent 1 in 1,000 in terms of these qualities compared to others. The firm employs deep research and rigorous screening of tens of thousands of global equities to identify opportunities. Fairlight is willing to take contrarian positions, investing in companies and situations that many fund managers may not want to because the risks of being wrong are too high. The fund maintains a concentrated approach, avoiding excessive diversification beyond 8-10 names to maximize returns.

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FUND PERFORMANCE AS OF 31st December 2025

ANNUALIZED SINCE INCEPTION QUARTERLY YTD
40.1% 9.9% 66.2%
2025 2024 2023 2022 2021 2020
66.2% 13.6% 6.9% 15.8% 146.5% 26.3%