Skip to content

Capturing Next-Generation Opportunities

About Us

FK Capital Management Ltd. (FK Capital) delivers a distinct value-oriented long-short equity strategy centered on achieving long-term capital growth and avoiding large drawdowns.

Based in the Bahamas, the Firm combines an independent view of value investing, a commitment to following game-changing trends and forward-thinking brands poised to capture next-generation consumption patterns driven by millennials and Gen Z.

Since its inception in 2012, FK Capital’s strategy has delivered net cumulative returns and a Compound Annual Growth Rate (CAGR) that have substantially outperformed benchmarks. See the Commentary page for more performance information.

See Commentary

FK Capital's Competitive Edge

Independent investment thinkers

Strategically based in the Bahamas, isolating the team from conventional investment thinking and allowing them to pursue their distinct approach to stock picking

Familiarity with shifting social, cultural and economic trends

Finger on the pulse of millennials and Gen Z, and how they're shaping companies' approaches in their respective markets

Differentiated approach to value investing

Regards long-term growth as vital to its strategy and shuns the pitfalls associated with simply seeking cheap market multiples to achieve value

Patient and able to ride out volatility

Patient and unwavering long-term focus, allowing the team to invest with conviction through short-term volatility and actualize on its investment theses

Avoids overcrowded markets

Evades overcrowded parts of the market and pursues secular growth among genuine game-changing companies that bring meaningful contributions to sectors

FK's Core Values

Connected to millennials

Led by younger professionals with fresh outlooks and inherent familiarity with key secular trends in technology and consumer behavior

Direct experience with products and services

Maintains first-hand experience with the products and services of potential names in the portfolio, strengthening the team’s market understanding and decision-making

Interests aligned across the Firm

Founders, principals and partners have all monetized personal net worth invested in the fund, ensuring that strong performance and risk management always remain the highest priorities

Seeks best products and services through deep, qualitative analysis

Closely follows the performance of company management and aims to identify companies motivated by meaningful long-term success, rather than short-term gain

Seeks tier-one brands, excellent management teams and customer satisfaction

Strives to fully understand management performance, end-consumer fulfillment and whether the companies they invest in are harnessing innovations and capitalizing on
key trends

Leadership Team

A Synergetic Partnership of Ideas, Experiences and Methodologies

The leadership team’s differentiated perspectives, professional experiences and industry connections together create a unique synergy that drives FK Capital’s investment approach and ongoing outperformance.

Over a lifetime of analyzing the dynamic technology and consumer sectors, Jorge Finkler recognized a compelling opportunity ahead and, in December 2011, joined Ruben Kupferman, who had developed a large AUM base and maintained an esteemed private-banking career in Mexico. Together, they created FK Capital Management Ltd. in 2012.

In 2014, Jorge and Ruben teamed up with Eduardo Finkler (Jorge’s brother), who has brought an invaluable long-term, private-equity style approach to evaluating companies.

Jorge Finkler

CIO & Portfolio Manager, FK Capital Management Ltd.,
Portfolio Manager of the FK Capital Fund Ltd.
  • 2012-present: Formed FK Capital Management Ltd. early in his career, enabling him to successfully hone and test his investment approach through numerous market cycles
  • Comes from a long line of family members who have excelled in finance
  • Securities Analyst and Investment Specialist for investment boutiques in Mexico City
  • Education: Universidad Anahuac, Mexico City, Bachelor’s and Master’s Degrees in Marketing and Finance

Eduardo Finkler

Analyst & Co-Portfolio Manager,
FK Capital Management Ltd.
  • In charge of equity investments analysis with a capital appreciation focus
  • 2013-2014: Senior Analyst, Vertex Real Estate Investors
  • Financial Analyst, Capital Inmobiliario
  • Education: Graduated Cum Laude, Bachelor’s Degree in Accounting and Finance, Universidad Anahuac, Mexico City

Ruben Kupferman

Non-executive Partner, FK Capital Management Ltd.
  • 2007-2009: Unit Head, Private Asset Management at ING Investment Management
  • Deputy Director General at Grupo Financiero Mifel, S.A.
  • Vice President, Bank of America, N.A.
  • Eduation: Master of Business Administration, University of Southern California, Los Angeles; Bachelor’s Degree in accounting, Universidad Iberoamericana, Mexico City; Certified Public Accountant

Wendy Warren

Compliance Officer
  • 2012: Established Caystone Solutions, providing dedicated regulatory solutions for businesses
  • 11 years as CEO and Executive Director of the Bahamas Financial Services Board
  • Education: Chartered Accountant, Bachelor’s Degree in Accounting, University of Waterloo, Canada

Investment Philosophy

Built Upon Four Beliefs

True value is rarely immediately apparent.
It’s realized through a patient long-term lens
Value investing is not defined by chasing cheap market multiples or capturing low-level short-term gains. FK Capital generally trades above market multiples in order to capture the most exceptional companies with strong long-term potential. Doing so is only achievable using a robust ‘big picture’ approach that functions beyond short-term outlooks.

Wide moats are reflected by more than balance sheets. Understanding intangibles is essential
FK Capital goes above and beyond by paying special attention to the many intangibles that define strong brands. Understanding these intangibles involves directly experiencing the products and services of potential portfolio names and maintaining a close connection to the mindsets and preferences of the millennial generation.

Companies that harness innovation, capture trends and are led by the best teams will thrive
The most valuable opportunities come from companies that strive to achieve optimal employee culture, cutting-edge products and services and, ultimately, a positive long-term impact on the lives of consumers. Conversely, companies that lack a vision for future success will wither over time.

FK Capital’s philosophy is summarized by the words of Warren Buffet:

“Time is the friend of the wonderful business and the enemy of the mediocre.”

Put simply, alpha is achieved by looking beyond the short term – toward true innovators with strong long-term visions that form a concentrated portfolio of strictly the best ideas.

Build alpha through patience, high conviction and identification of catalysts
FK Capital approaches each situation as if it were buying 100% of a company’s equity. Thus, it provides a concentrated portfolio of only the best investment ideas, supported by the identification of a catalyst that will accelerate earnings growth beyond market expectations.

Commentary

FK Capital's investors/partners may view Monthly Reports and Quarterly Letters by logging in.

Login

Contact Us

For more information, please contact:

Info@fkcapitalmanagement.com
+1 242 362 4145

CUB Financial Center | Western Road
Lyford Cay | Nassau, N.P. Bahamas
P.O. Box SP-64283