Knightsbridge Asset Management focuses on creating and preserving wealth in all market and economic environments.  The firm, in its emphasis on "absolute returns", invests opportunistically without regard to index characteristics, and where permitted, at times uses cash as a defensive tool. 

We dismiss the paradigm of efficient markets and rational investors, observing a different reality.  Financial markets are not always efficient or in equilibrium.  Investors sometimes behave irrationally, make mistakes, follow the herd, or overreact to disruptive events. 

Knightsbridge believes that excess returns can be generated by exploiting investment anomalies or disruptive events that have caused a stock to become temporarily undervalued.  Anomalies utilized are security specific and can be characterized by investor overreaction, forced turnover of the shareholder base, structural occurrence and a lack of available information.  The investment team has conducted internal, academic studies that provide a rationale for anomalies utilized, and they feel confident that these market inefficiencies will continue to be present in the future.  We firmly believe that our unique investment discipline adds value and increases the probability that clients meet their financial objectives. 

Knightsbridge applies a tax-advantaged investment style, emphasizing long-term gains and actively offsetting gains and losses in taxable accounts.  We believe that risk and return can be better balanced by concentrating among our best ideas, typically 15-25 stocks.