Fred Liu, CFA, founded Hayden Capital in 2014, bringing extensive experience as a research analyst at New Street Research and J.P. Morgan's Small Cap Equity Fund. He holds a BS in finance and international business from NYU's Stern School of Business and maintains a CFA designation. Liu demonstrates strong alignment with investor interests by investing the majority of his family's liquid net worth in the strategy. He emphasizes a research-intensive approach, conducting over 100 hours of analysis per investment and maintaining a global network primarily in the U.S. and Asia, especially Southeast Asia. His investment philosophy centers on finding companies with sustainable competitive advantages and growth options not yet fully priced by the market. Liu's track record includes generating two 10-bagger investments (Sea Ltd and Amazon) and maintaining a 55% hit rate with a 4.8x slugging ratio since inception.

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Hayden Capital employs a value-oriented investment approach that emphasizes intensive research and concentrated positioning. The firm's investment objective is to outperform broader equity markets over a full market cycle while employing minimal to zero leverage. The strategy aims to purchase market-leading businesses at attractive valuations with durable competitive advantages and incentivized management teams. The firm approaches stock purchases as if buying entire businesses outright while retaining management, rejecting the notion that volatility equals risk. Instead, market volatility is viewed as an opportunity, with the ability to invest on longer time horizons being a key competitive advantage. The strategy invests globally, leveraging insights from developed business models in one geography and applying those learnings cross-border. Risk management includes limiting individual position sizes to 15% of the portfolio and maintaining geographic diversification across multiple regions.

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