Long-Term Capital Appreciation (LTCA) seeks to maximize returns over a one to three-year investment horizon while minimizing short-term volatility through a well-diversified portfolio with a bias toward value-oriented blue-chip stocks for higher liquidity and lower risk.

LTCA uses a core and satellite approach. The larger, core portfolio uses a buy and hold strategy, with investment decisions driven by rigorous fundamental analysis. The smaller, satellite portfolio uses buy and sell price ranges below and above calculated fair values to trigger trading.

Minimum investment
The minimum investment is the ruble equivalent of $250,000.

Fees and commission
Our basic management fee is 2% annually, with a 25% commission on returns over 3% annually (in hard currency).