Investor Summary

Brent Jackson serves as the director/manager of Leaven Partners LP, bringing extensive experience in quantitative financial analysis and value investing strategies. Jackson maintains an active research presence through detailed publications on Japanese Net-Nets and global value investing opportunities. Under his leadership, the fund has demonstrated strong performance with a three-year return of 71.3% as of Q4 2025. Jackson employs systematic analytical techniques and maintains transparency through quarterly investor letters and research content. His approach emphasizes rigorous fundamental analysis combined with quantitative screening methods to identify undervalued securities in global markets.

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Fund Strategy

Leaven Partners specializes in deep value investing with a focus on detecting mispriced securities within overlooked companies globally. Since inception in 2018, the fund has managed client capital focused on securities that are deeply depressed in valuation and offer a satisfactory margin of safety. The strategy relies on rigorous financial analysis using quantitative methods such as regression analysis, variable selection, and time-series evaluation. The fund emphasizes investment in Japanese equities, particularly Net-Net securities, applying proprietary financial screening formulas to discover value opportunities. The strategy is designed to generate positive returns during sustained market downturns while acknowledging potential underperformance during certain market conditions.

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FUND PERFORMANCE AS OF 31st December 2025

ANNUALIZED SINCE INCEPTION QUARTERLY YTD
- 4.2% 41.0%
2025 2024
41.0% 5.8%