North of South Capital LLP
North of South Capital LLP is a London-based investment management firm regulated in both the UK (FCA) and the US (SEC). The firm specializes in emerging markets equities, is primarily owned by individuals, and caters to institutional clients such as pension funds, pooled investment vehicles, and sovereign entities. Founded in 2010, the company employs approximately 14 professionals and is known for its focused emerging markets strategy.
Investment Strategy
North of South Capital LLP employs a fundamental, relative value-driven investment approach within global emerging markets equities. The firm seeks to identify opportunities with attractive risk/reward profiles by focusing on under-researched companies and regions. The strategy is characterized by active management, bottom-up stock selection, and diversified exposure across sectors and geographies in emerging markets, aiming for long-term capital appreciation for institutional clients and pooled vehicles.
Top Holdings
Equity Positions (21)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
B BABA | ALIBABA GRP-ADR | 24.95% | $237.4M | 2,092,869 | $85.34 | $113.41 | -$4.5M |
J JD | JD.COM INC-ADR | 13.64% | $129.7M | 3,974,215 | $33.78 | $32.64 | -$6.6M |
T TSM | TAIWAN SEMIC-ADR | 10.61% | $100.9M | 445,597 | $176.30 | $226.49 | +$27.7M |
Y YMM | FULL TRUCK A-ADR | 9.84% | $93.6M | 7,924,966 | $10.41 | $11.81 | +$15.0M |
K KT | KT CORP-ADR | 9.13% | $86.9M | 4,180,113 | $15.89 | $20.78 | +$19.0M |
Industry Allocation
Investment Team (4)
| Name | Role | Location | |
|---|---|---|---|
 | Partner and COO | London, United Kingdom | |
C Christophe Alabi | Investment Analyst | Poland | |
M Matt Linsey | Managing Partner | London, United Kingdom | |
R Robert Holmes | Partner | London, United Kingdom |