Bucephalus Research Partnership Limited

Bucephalus Research Partnership helps clients reduce portfolio and reputational risk and improve investment outcomes. Our expertise is in finding situations where a company's governance pits management against shareholders and employees, where the business reality is not reflected in the published accounts and where the company's performance is oddly divergent from its peers. Using the Bucephalus Governance, Accounting risk and Peer performance score, our clients can identify their exposure to such creative accounting and adjust their portfolios accordingly. We also generate commercial investment ideas where we believe there is a significant gap between a company's accounts, its business reality and the market's perception. Bucephalus is an independent research firm. We are not short sellers, nor do we take positions or trade in any of the securities we cover. For more information about our service, or to get full access to our website, please contact: research@buceph.com