• Most of our work experience lies in private equity. Between 1992 and 1998 FORUM was 100% invested in this asset class. Thus it is natural for us to apply the standards of Due Diligence common in private equity to listed companies. Such a process can often last several months.

• If we invest in a listed company we pretend to buy the whole company. As such we feel that we do not own paper but fractions of whole companies This is one of the key principles of value investing.

• Due to these requirements we can only make in 2 to 3 new investments per year. This number includes listed companies as well as buyouts.