St Andrews Partners

We look after people’s savings by aiming to preserve capital. We do this by investing them in what we believe to be the best run companies, with resilient businesses. This means that we have a set of principles that we stick to, and have done so over many years. Applying them is a matter of both judgement and constant revision, but ultimately leaves us with a subset of companies that we are happy to invest money into.

 

St Andrews Partners is a team of investors focused on global emerging markets equities. We have a long history of investing in emerging markets since 1992.

While we could, instead, spend all our time building complex financial models, we believe firmly that investing is more an abstract art than a science, where uncertainty and ambiguity - particularly prevalent in emerging markets - will often undermine any false precision that elaborate spreadsheets might offer.

Although there is no such thing as a perfect company, we do have strong views on what we like to see. We much prefer a long track record in order to persuade ourselves that owners and managers see us as equal, albeit minority, owners of a business. We like businesses growing at realistic rates preferably using a healthy dose of retained earnings rather than significant debt or frequent return visits to shareholders. We like business models we can understand which produce properly audited accounts capable of being understood. We like to pay sensible valuations for all the above and we have a strong preference for cashflow.

Our team and culture

 

At St Andrews Partners we have a small team with a culture of challenge and debate. The Hippocratic Oath anchors our belief.

Our team

  • Alex Summers
  • Chris Grey
  • Dominic St George
  • Giulia Pradelli
  • James Fearon
  • Joanna Kay
  • Laura Fyfe
  • Matthew Gill
  • Millar Mathieson
  • Tom Prew
  • Tyler Thomas

Find out more about St Andrews Partners