FPM Investment AG: A Profile

FPM Investment AG, headquartered in Grünwald near Munich, Germany, is an independent, owner-managed investment management company focused on long-term value investing. Founded in 2007, the firm has built a reputation for its disciplined and research-intensive approach to stock selection, primarily within the European equities market.

The core philosophy underpinning FPM’s investment strategy is centered on identifying undervalued companies with strong fundamentals, sustainable competitive advantages, and capable management teams. They operate on the principle of “business thinking,” emphasizing a thorough understanding of each company’s operations, industry dynamics, and long-term growth prospects. Rather than speculating on short-term market trends, FPM seeks to acquire stakes in businesses they believe will generate attractive returns over the long haul.

A crucial aspect of FPM’s process is its rigorous, bottom-up research. Their investment team conducts in-depth analysis, including financial modeling, competitive landscape assessments, and direct engagement with company management. This comprehensive due diligence allows them to form independent judgments about a company’s intrinsic value and potential for future growth. They are not afraid to hold concentrated portfolios, believing that focusing on their highest conviction ideas allows for superior long-term performance.

FPM Investment AG primarily manages assets for institutional investors, family offices, and high-net-worth individuals. They offer a limited number of investment strategies, reflecting their focus on specialization and deep expertise. Their flagship strategy revolves around European equities, and their investment horizon is typically long-term, often exceeding five years. This long-term perspective enables them to ride out short-term market volatility and benefit from the compounding effect of their investments.

Transparency and alignment of interests are key values at FPM. The firm’s partners have substantial personal investments in the funds they manage, ensuring that their interests are closely aligned with those of their clients. They prioritize clear and consistent communication with their investors, providing regular updates on portfolio performance, investment rationale, and market outlook.

In a financial landscape often characterized by short-termism and trend-following, FPM Investment AG distinguishes itself through its commitment to fundamental research, long-term value investing, and a strong emphasis on aligning interests with their clients. Their disciplined approach and track record suggest a dedication to delivering sustainable, long-term value for their investors.