Welcome to the Citadel Value Fund SICAV website
Since 2002 the Citadel Value Fund, based in Luxembourg, has invested in global equities (OECD countries) using a distinctive value investment strategy. While new value funds have emerged in recent years, the Fund is still one of very few in Europe truly dedicated to value investing with a successful track record of more than 18 years.
Typically the Fund owns a diversified portfolio of stocks of between 20 and 40 companies. Each is chosen on a case-by-case basis and only after a thorough analysis of its business, management and valuation. Before considering an investment we must be convinced that a company’s stock price trades at a deep discount to the true value of the underlying business. We demand strong balance sheets and look to avoid business-breaking risks. We are very mindful that, while seeking to generate good long-term returns, our first task is to preserve shareholder’s capital. In keeping with its strong business focus the Fund has a long-term investment horizon and portfolio turnover is therefore low. The Fund does not use derivatives, nor does it use leverage or engage in short-selling.
The Citadel Value Fund aims to build wealth for its shareholders in a steady, consistent way by generating good, long-term returns, while minimizing the risk of permanent capital loss. The Fund's portfolio consists of holdings in companies that are financially healthier than the index average and valued at much lower multiples than the index average. The Fund has always and will remain true to its rock-solid investment principles that were formulated at its inception, more than 18 years ago.
There is a great deal of material on the site about the Fund, its value investment philosophy and how it is implemented, and we hope that you will enjoy reading about it. Feel free to contact us for more information.