Philippe Degrange

CapitalatWork is an active, value-oriented investor with a global, long-term outlook and a focus on business quality at a reasonable price. The firm invests in equity and fixed-income in liquid markets, occasionally following a contrarian approach. The larger part of CapitalatWork's investments consists of equity in Europe, the US and Asia. The balance is invested in fixed-income, inflation-linked and nominal bonds in equal proportions. Their investment process is bottom-up and starts with a valuation screen for quality companies that are attractively-priced, focusing on sustainable free-cash-flow generating capacities.