Our Founding Principles
Founded in April 2020 by Céline Piquemal-Prade, Vincent Houghton and Isabelle d’Império, Piquemal Houghton Investments is a fully independent management boutique dedicated to adding value to investors through an intrinsic value investing approach on a global basis.
To be dedicated to that goal our founding principles are:
Independence: To be able to think long term in an industry where short termism prevails, you need to be detached, independent:
The company is fully owned by its partners. This is key as it enables us to implement our convictions over the long term without any external pressure.
We minimise our interactions with companies that are potential investment candidates, preferring discussions with experts and using independent research to challenge our views.
We consider all listed equities with a market capitalisation above €1 bn. Our priority is to outperform the index over the long term, through our disciplined approach.
People & Know How:
We believe that processes are not enough, people and their ability to take the right decisions owing to their experience in different market cycles are key. Céline Piquemal and Vincent Houghton have worked together for 10 years, managing global equities. They have a combined experience of more than 50 years in the industry.
We are convinced that our clients require experienced portfolio managers being fully dedicated to their funds. In order to be fully dedicated to managing the portfolio, Céline and Vincent fully empower and trust the experienced COO, Isabelle d’Imperio, to deal with administrative tasks.
Dedication:
One strategy: Piquemal Houghton Investments exclusively deals with large cap international equities with a truly long term investment horizon (5 to 7 years) in order to fully benefit from the development of the companies owned within the portfolio.
One goal: We invest our own money alongside our clients with the goal of achieving attractive risk adjusted absolute returns over the medium to long term.
One investment approach: Investing is about selecting unique companies, sticking to our investment process and being free from any benchmarking constraints. We select only 20 to 30 stocks across the globe, all leaders in their respective fields.
One focus, portfolio management: Non-critical tasks are outsourced.