Get to know us
Financial markets are always volatile. We offer insights on how to navigate the ever changing scenarios with a philosophy based on capital preservation and a sound basis in behavioral science. While data is always available the key factor is a sound analysis of the situation within the context of the present that leads to a rational investment strategy that balances the data with the emotion and not allow only one of them to take precedence. Our partners have demonstrated excellence over decades of being in the markets maneuvering through a range of market scenarios and can offer solutions matching the unique needs of our clients
Our Investment Philosophy
Discover the thought process and insights that drive our investment decisions.
We invest with a basic understanding of the asset we are buying – This implies a basic note on the company (third party or self-generated) outlining the business of the enterprise, a few financial parameters and current valuation. However, we also value the merit of being broadly correct instead of being precisely wrong, hence deliberately will keep the research as basic as needed. What we don’t know will remain uncertain and will be incorporated in the “error term”.
We select a valuation model on which the current price appears attractive – whether on a historical basis or a forward looking one. This should preferably come with an intermediate price target which can be reviewed in line with the progress at any time depending on developments.
We ensure overall liquidity of the portfolio – This will change according to the size of the portfolio – however a review needs to be taken on a periodic basis.
We believe equity markets are correlated – We will ensure that confirmation bias is addressed and that we do not attribute much skill to portfolio doing well in bull markets etc. The degree of outperformance will also not be counted in generally upswinging markets. Likewise in falling markets we will not attribute underperformance of the portfolio to anything sinister than correlation, unless obvious factors merit.
There will be principally two types of equity investments in the public markets – (a) Long term compounders and (b) Cyclical or Opportunistic. The latter will come with a stop loss and a target price which will be adhered to.
We love bad news! Most entry points in individual stocks will be made at points where there is pessimism around an otherwise soundly managed company. Exits especially in type (b) companies will come after confirmation of good news bordering on euphoria, as a rule.
Our mission
Make market activity better understood by clients and take advantage of scenarios offering key inputs to the investment decision
Our vision
Every market offers opportunities, Our vision is to incorporate, understand and contextualize each environment and seek appropriate solutions to match the same and offer unique strategies that incorporate a multi asset solution to long term investors.
Our team
Our strength lies in our individuality. Hxgon Partners LLP is set up by Tushar Pradhan, a former chief investment officer and an experienced investment hand with nearly 3 decades as an institutional investor. We are focused on building a team of bright and innovative investment professionals that will further our vision for our clients
Tushar Pradhan
Founder / Partner