BlueDrive Global Investors’ Latest Portfolio: Top 7 Stock Picks
This article discusses the top 7 stock picks of BlueDrive Global Investors at the end of the second quarter.
Headquartered in London, BlueDrive Global Investors is a hedge fund founded in 2017 by British billionaire Sir Christopher ‘Chris’ Hohn's protégé, Oscar Hattink. In 2003, Chris Hohn founded TCI Fund Management, which is considered one of the most successful institutional activist funds of all time having led fights against some of the biggest companies in Europe including Volkswagen and Deutsche Börse. It is also one of the largest (AUM over $30 billion) and most successful hedge funds based out of Europe. After suffering over 40% loss amid the 2008 financial crisis meltdown, TCI has never had a losing year and has delivered average annual returns of over 19% to its investors in the past 10 years.
The trajectory of TCI and Oscar Hattink have diverged significantly since Mr. Hattink left the former in August 2011 to join Theleme Partners, which is a firm founded in 2009 by six ex-TCI managers and analysts and is led by TCI’s co-founder Patrick Degorce. Mr. Hattink quit Theleme Partners in January 2017 and the same quarter founded BlueDrive Global Investors. Mr. Hattink holds an MA in economics and financial engineering from the University of Amsterdam. Prior to joining TCI Fund Management as a partner in August 2008, he served as an analyst at some of the most prestigious firms on Wall Street including Morgan Stanley, The Blackstone Group, and now defunct Gandhara Capital.
BlueDrive Global Investors operates on a value-based investment philosophy which is built on a detailed study of cyclical and structural industry trends and doing bottom-up research. It applies a private equity style investment approach with seven core principles including investing only in what it knows and understands, striving to deliver the best long-term risk-adjusted returns, and staying lean as a firm.
