Richard Oldfield founded Oldfield Partners LLP in 2005 after a distinguished career spanning over four decades in investment management. He previously served as a Director at Mercury Asset Management plc, which he joined in 1977, and subsequently served as CEO of a family investment office for nine years. Oldfield's extensive governance experience includes serving as Chairman of the Oxford University investment committee and Oxford University Endowment Management Ltd from January 2007, Chairman of Keystone Investment Trust plc from 2001 to 2010, and current director of Witan Investment Trust plc. He is also the author of 'Simple But Not Easy' and is recognized as a thought leader in value investing. Oldfield Partners is described as 'an owner-managed boutique fund management firm which manages equity portfolios for a global client base' with a distinctive approach characterized by 'a limited number of holdings, long-only, no leverage, diversified, index-agnostic and suspicious of short-termism.'

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The fund employs a classic contrarian value approach based on bottom-up fundamental research of individual companies, seeking to achieve long-term total returns in excess of the MSCI ACWI Index. The strategy emphasizes concentration with typically 20-50 holdings, maintaining a deep value orientation with significant deviation from benchmark composition. Richard Oldfield's approach is characterized as 'deep value, low turnover, concentrated and contrarian,' reflecting his belief that value investing is 'in the blood, a fundamental inclination toward the cheap and unloved.' The fund maintains cash positions below 5%, rarely exceeding 10%, and focuses on working 'on the balance of probabilities rather than seeking beyond reasonable doubt.' The investment philosophy warns against 'analysis paralysis and false comfort' from 'excess data and complex models,' emphasizing that 'the best ideas can fit on the back of an envelope.'

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