Pure Alpha
The Wave Pure Alpha Strategy practices the art of inflection investing - buying companies at the cusp of earnings acceleration, before the market has recognized the turn. It aims to capture both, earnings acceleration and valuation re-rating.
It is an active fund & unconstrained by the need to mimic any particular benchmark. It seeks to provide absolute return irrespective of market regime.
Investment Philosophy
Inflection Edge
We target the critical window where fundamentals begin to decouple from market sentiment. We believe the greatest returns are generated not during steady compounding, but in capturing the transition from under-earning to compounding.
Opportunity Set
Our hunting grounds are two pockets of structural mispricing:
(1) Emerging tech-forward companies that can be tomorrow's compounders
(2) Past leaders undergoing meaning turnarounds.
Beyond Consensus
We avoid "priced-to-perfection" compounders. We focus on mispriced change and improving fundamentals. We prefer under-appreciated change to fully priced quality.
Long-Horizon Vision
Unlike momentum traders, we hold through the full cycle of expansion. We prioritize the "twin-engine" effect of growing EPS and expanding valuation multiples. Our edge is patience.
Our Unique Propositions
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Early Identification of Inflection Points & Deep Fundamental Research
- Risk Management - Geographical Diversification and Tactical Hedging
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Skin in the Game - Co-investment, no fixed management fees & fees charged only on performance
PERFORMANCE
INFORMATION
All clients have an option to onboard with Wave PMS directly, without intermediation of persons engaged in distribution services. Clients can directly approach us by sending an email on contact@waveasset.in or through the Contact page.