Caledonia Investments- Initiation from QuotedData
16th July 2024
Time, well invested
Caledonia Investments (CLDN) is a
self-managed investment trust that, at its heart, is about backing
companies, with strong market positions and fundamentals, for the
long term. CLDN buys to hold, targeting long-term compounding real
returns (after inflation) from its portfolio. Its investment
strategy means that it can ignore the gyrations of fickle markets,
exploiting secular growth rather than short term cyclical
opportunities.
CLDN's £3bn of net assets is
invested across a focused portfolio of: good-quality public
companies; carefully-chosen and (as its history of realisations
might suggest) conservatively-valued direct, predominantly UK
headquartered mid-market private companies; and private equity
funds, investing in North American and Asian private
companies.
With its culture underpinned by the
long-term support of the Cayzer family, CLDN is essentially a
listed family office. It invests time in nurturing its team, and in
building its relationships and understanding of the companies that
it invests in.
The interests of the management team
and shareholders are wholly aligned. Few listed funds have an
explicit objective of growing shareholders' capital and income in
real (inflation-adjusted) terms, but CLDN does, and has a long
track record of success in this regard, having grown the value of
net assets by 160% over the 10 years to end June 2024.
Full Research:
https://quoteddata.com/research/caledonia-investments-time-well-invested-qd/
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NB: Marten & Co was paid to
produce this note on Caledonia Investments Plc, and it is for
information purposes only. It is not intended to encourage the
reader to deal in the security or securities mentioned in this
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