Richfox Capital

Foxes & Finance

Fascinating fairy-tale

In the past three years, our flagship strategy has delivered five times the returns of its benchmark. We can proudly claim that such a performance can compete with the world's most esteemed funds. While I am sure most of you would love to know how, all that really matters is driven by why.

In Richfox, we are united in a belief there is more to finance than quick profits. There are important truths about us and even beauty to be found in the fascinating complexity of markets, this marvellous mirror of the world’s stage and myriads of human interactions, which has so far defied any attempts to reliably depict its inner mechanics. It is in our nature, our very hearts, to conquer the unknown, to explore, to seek knowledge, understanding and discover order and harmony in this seemingly chaotic universe. This ultimate purpose, this need to know, fuels our passion that presents the true secret of our performance. In a nutshell, “Rich” in Richfox was never meant to be solely about material wealth.

That is also why I committed myself in 2015 to dedicate most of the profits I shall receive as the majority shareholder to set up the Richfox Foundation to support exceptional scientific talents in the region on their paths to move humankind forward. I very deeply care about this project and with your help, we will succeed.

We believe in finance that is intelligent and ethical as much as caring and responsible. As foxes, we outsmart any bull or bear and we don’t dance with wolves. If you belong to our species, welcome to the family.

January 2017
Jiri Vojkovsky, CEO

Firm

Highlights

Essentials

1/2014 CZECH NATIONAL BANK REGISTRATION AS AN ASSET MANAGER
1/2013 OPERATIONS ESTABLISHED
OUTSTANDING INTERNATIONAL TEAM
0+
YEARS OF COMBINED EXPERIENCE
PREMIUM SERVICE FOR HIGH-NET-WORTH PRIVATE & INSTITUTIONAL INVESTORS
THE FIRST TRULY QUANTITATIVE INVESTMENT MANAGER IN THE REGION
STRONG PEDIGREE OF SUCCESS & PERFORMANCE
0%
p.a. FLAGSHIP STRATEGY “VALUE”,
May 2014-Jan 2017

PRINCIPLES

STRONG SOCIAL RESPONSIBILITY BIAS VIA THE RICHFOX FOUNDATION
HIGH ETHICS, DECENCY & DUE CARE IN HEARTS
KEY SHAREHOLDERS ALSO INVESTED IN OUR FUNDS
ALL KEY PEOPLE ALSO SHAREHOLDERS
VERY PERSONAL APPROACH TO EVERY INVESTOR
ABSOLUTE INDEPENDENCE, 100% OWNED BY PRINCIPALS

PHILOSOPHY

MANAGING RISK & CAPITAL PROTECTION COME FIRST
BUILT ON RIGOROUS PROPRIETARY RESEARCH
HIGH LIQUIDITY FOR QUICK ADAPTABILITY
BEHAVIORAL & QUANTITATIVE FINANCE
STABLE RETURNS WITH LOW VOLATILITY IN ANY MARKET ENVIRONMENT
60%
of the market volatility
STANDARD INSTRUMENTS, NONE OR VERY LOW LEVERAGE

Funds

Highlights

Essentials

12/2016 CZECH NATIONAL BANK REGISTRATION AS A QIF
2/2017 OPERATIONS ESTABLISHED
EU AIFMD FRAMEWORK, ON-SHORE SICAV
INSTITUTIONAL GRADE VEHICLE WITH A WELL-KNOWN STRUCTURE

Investments

LONG/SHORT EXPOSURE, LOW BETA VS. THE EQUITY MARKET
SOPHISTICATED, QUANTITATIVE & SYSTEMATIC INVESTMENT STRATEGIES
UNCORRELATED STRATEGIES FOR BETTER DIVERSIFICATION
GLOBAL ALLOCATION ACROSS ASSET CLASSES
TARGETING ALPHA WITHOUT COMPROMISING THE RISK PROFILE
0-0%
AVERAGE GROSS RETURN depending on selection of strategies

Key terms

PARTNERING WITH ESTABLISHED SERVICE PROVIDERS ONLY
Very favourable costs & taxation
20% taxes
TAXES IF HELD AT LEAST FOR THREE YEARS
MINIMUM INVESTMENT OF 40K EUR OR EQUIVALENT
UNRESTRICTED LIQUIDITY WITH NO LOCK-UPS
LOW FEES VS. THE INDUSTRY STANDARD
0.8% MANAGEMENT FEE
VS 2% THE STANDARD
15% PERFORMANCE FEE
VS 20% THE STANDARD

Focused on science

Fostering progress

We perceive science with its rigorous, critical methodology as no doubt the ultimate achievement of humankind. By expanding our horizons, it helps us understand the world around us, fight poverty or diseases as much as our prejudices or false beliefs. Its evidence-based approach enables us to concentrate on facts when politics, philosophy or religion denies us clear and unbiased judgment. It provides the best hope for our species to reach out for the stars and free us from our evolutionary limitations.

Yet in Central Europe, birthplace of many exceptional minds and talents as well as the very first institute of technology in the world – BME in Hungary, the public support for scientific endeavours is relatively limited and insufficient. In most measurable criteria, we still lag behind the Western Europe. While we certainly lack power to overturn this unfortunate trend completely, we want to help as much as we can.

Therefore, as announced in 2015, we stand committed to set up the Richfox Foundation as soon as we hit 40M USD in AUM and to redirect large portion of our revenues into this project with the aim to support exceptional scientific talents from the countries of the Visegrad Group, namely offering scholarships at the most prestigious universities in their fields, securing internships at relevant leading companies and even providing guidance and capital for starting their own enterprises.

Czech Republic
Poland
Slovakia
Hungary
Czech Republic
Czech RepublicPolandSlovakiaHungary
Population
GDP (PPP)
10.52M
$344B USD
InnovationsContact lenses, Genetics, Synthetic Fibers, Polarography, ABO Blood Groups, Screw Propeller
Strong fieldsNanotech, Biotech, Advanced Materials, 3D Printing, Speech Recognition, Stem Cell Research, Astrophysics
R&D spending (% of GDP)2.0% (EU average 2.0%)
R&D spending (per capita)€294 (EU average €564)
Tertiary education (25-64y)22.2% - (OECD average 35%)
Scientific papers0.77% of the world output