Investor Summary

Founded in 2019 by co-founders Alyx Wood (CIO) and Edward Hugo (CEO), Kernow Asset Management has established itself as a specialized UK equity hedge fund with exceptional track record. Alyx Wood serves as Chief Investment Officer and is a qualified Chartered Accountant with extensive investment experience leading the firm's investment strategy and portfolio management. Edward Hugo operates as CEO overseeing business operations and strategic direction. The team includes key professionals such as Dr. Christina Makris (Head of Client Development and ESG), Carol L'Heveder, Marcus Beresford, and Francis Northbrook. The leadership team maintains alignment with investors by deploying their own capital alongside client investments. Since inception, the firm has demonstrated consistent alpha generation with performance outpacing 98% of UK equity strategies available to public investors.

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Fund Strategy

Kernow Asset Management operates as a contrarian investment manager specialising exclusively in UK equities with traditional values and a contemporary investment approach. The firm deploys its own capital alongside clients and operates in the widening market gap between short-term quant-orientated traders and closet indexers. Their proprietary investment process follows three steps: value a company, pay less for it, and trade the catalyst. The firm focuses on All-Cap UK equities above £100 million market cap with preference for mid-cap stocks offering growth and takeover potential. They combine technology-driven analysis with extensive human due diligence including management meetings and channel checks. The investment approach emphasizes capital preservation as key for long-term outperformance while maintaining disciplined risk management practices.

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FUND PERFORMANCE AS OF 31st December 2025

ANNUALIZED SINCE INCEPTION QUARTERLY YTD
11.5% - 16.4%
2025 2024 2023 2022 2021 2020
16.4% 22.7% -2.6% -2.3% 8.8% 17.7%