Ralph Kruger

FAQ About Ralph Kruger

• What is Ralph Kruger's address?

  Ralph Kruger is located at
  Mauritius

• What is Ralph Kruger's job title?

  Ralph Kruger is a
  Ralph is the founder and Managing Director of Arcstone Capital, the investment manager of the Mauritius based Passage to India fund. Passage’s investment objective is to produce long-term investment returns in excess of the Indian indices by investing in primarily smaller, under-followed, and under-researched, listed Indian companies. Informational inefficiencies create large discounts in valuations, creating an attractive hunting ground for knowledgeable, long-term investors. This investment strategy requires a two- to three-year time horizon. The fund typically holds 10-20 companies in the portfolio. The fund's investment philosophy is value with a growth catalyst. The fund looks for smaller companies with a long-term competitive advantage, solid management and discounted valuation. A competitive advantage may be a superior product, large market share, a niche market, or a new technology. A discounted valuation may be a low price-to-earnings or price-to-sales relative to the industry. Solid management is accessible, forthright, and has demonstrated the ability to consistently reinvest capital at high rates of return. We routinely visit portfolio companies and the physical plant(s). In India this is time consuming, expensive, arduous, and absolutely necessary. Meeting the promoters is the only way to judge the people who can either make or break the fund’s investment. At times we inevitably get it wrong. When we do, we try to fail fast and move on. It is imperative to have a two to three year horizon, ignoring the shorter-term volatility. Ultimately, as a company grows its top line and profitability, the investment community will take notice, liquidity will increase, and valuations will be re-rated. This provides the fund its exit strategy and a reward for its patience. Arcstone Capital

• What industry does Ralph Kruger currently work in?

  Ralph Kruger currently works in the
  Arcstone Capital

• What is Ralph Kruger's area of expertise?

  Ralph Kruger specializes in
  Ralph is the founder and Managing Director of Arcstone Capital, the investment manager of the Mauritius based Passage to India fund. Passage’s investment objective is to produce long-term investment returns in excess of the Indian indices by investing in primarily smaller, under-followed, and under-researched, listed Indian companies. Informational inefficiencies create large discounts in valuations, creating an attractive hunting ground for knowledgeable, long-term investors. This investment strategy requires a two- to three-year time horizon. The fund typically holds 10-20 companies in the portfolio. The fund's investment philosophy is value with a growth catalyst. The fund looks for smaller companies with a long-term competitive advantage, solid management and discounted valuation. A competitive advantage may be a superior product, large market share, a niche market, or a new technology. A discounted valuation may be a low price-to-earnings or price-to-sales relative to the industry. Solid management is accessible, forthright, and has demonstrated the ability to consistently reinvest capital at high rates of return. We routinely visit portfolio companies and the physical plant(s). In India this is time consuming, expensive, arduous, and absolutely necessary. Meeting the promoters is the only way to judge the people who can either make or break the fund’s investment. At times we inevitably get it wrong. When we do, we try to fail fast and move on. It is imperative to have a two to three year horizon, ignoring the shorter-term volatility. Ultimately, as a company grows its top line and profitability, the investment community will take notice, liquidity will increase, and valuations will be re-rated. This provides the fund its exit strategy and a reward for its patience.

• Which languages does Ralph Kruger speak? 

  Ralph Kruger speaks the following languages:
  No languages available.

• Which industries has Ralph Kruger previously worked in?   

  Ralph Kruger has prior experience in the following industries:
  Marathon Capital Managment , Allied Pilots Association , Air National Guard , American Airlines , United States Air Force

• What is Ralph Kruger’s work experience?  

  Ralph Kruger has the following professional experience:
  Arcstone Capital , Marathon Capital Managment , Allied Pilots Association , Air National Guard , American Airlines , United States Air Force .

• How can I find Ralph Kruger on LinkedIn?  

  You can view Ralph Kruger’s
  LinkedIn profile at LinkedIn URL.

• What are Ralph Kruger’s work email addresses?  

  Ralph Kruger’s work email addresses are
  [email protected] .

• What company does Ralph Kruger work for?  

  Ralph Kruger works at
  Arcstone Capital