Philipp Keller

Functions as an investment holding company

Accuro is an active, value-oriented investment manager. The firm invests globally, focusing on US and European equity as well as the Ukrainian market. In-house fundamental and technical analysis includes company visits and is supplemented with outsourced research. The firm's investment process starts with top-down sector allocation (which they emphasize over country allocation) based on anticipated market trends. Within sectors, potential investments are selected through a bottom-up stock-picking process. The firm seeks to invest in companies that occupy a global leader position in their market segment, create sustainable added value, have a sound balance sheet and clear business models, as well as a culture of flexibility under changing market conditions. Accuro manages concentrated portfolios. Accuro's specialist Ukraine fund seeks to take advantage of reforms in the Ukrainian economy. The fund is invested in government bonds and in equity of private and public companies operating in a competitive market environment, favoring sectors such as energy, construction, industry, transportation and services. Accuro targets listed or unlisted but expanding Ukrainian companies with high growth potential.