Reference Equity

Value Investing Evolved. Reference Equity constructs differentiated Global & International Small Cap equity portfolios based on a fundamental, long-term, Quality | Value philosophy. We do not believe that “every security has a price.” We have a strict definition quality and only invest in businesses meeting this criteria—regardless of the perceived discount to intrinsic value. We do not believe in “waiting for the market” to recognize the value of a business. We value businesses based on their absolute return potential driven by cash returns and earnings growth—not changes in the market multiple. Contact us to learn more: ir@referenceequity.com