Olesen Value Fund L.P. is a private pool of capital, managed by Christian Olesen, that is invested in accordance with a bottom-up, fundamental value investing philosophy, inspired by Warren Buffett. The fund is open to accredited investors.

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The long-only portfolio is invested primarily/only in equities, rarely takes short positions, and does not use leverage.

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The fund focuses on:

1.   Neglected Micro & Small Cap Securities

2.   Contrarian Investments  (any market cap size, incl. large caps)

3.   Event-Driven Special Situations & Arbitrages  (minor area of focus)

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What I look for:   Good, proven business with long track record and strong balance sheet trading below my estimate of intrinsic underlying business value, as a result of:

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• Out of favor on Wall Street due to non-rational (e.g., psychological) factors (market overreaction, lack of investor patience or interest, etc.), but undervalued based on sound fundamental investment analysis, or

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• Neglected by professional investors because of too low liquidity, technical (arbitrary) constraints, small size, or other special factors.   Little/no competition.​

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Highly focused portfolio:

• Typically 10-20 investments

• Much deeper, more thorough research and analysis on each investment

• Can really focus our capital in the very best opportunities   →   Higher returns

• Intelligent diversification.   Avoid di-worse-sification.

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I define risk as permanent loss of capital, not volatility.   I seek to profit from volatility, not avoid it.   Therefore, the fund is only suitable for very long-term oriented investors.

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Unconstrained mandate:   Highly flexible and opportunistic.   Invest in many different market cap sizes, industries, and countries (mostly U.S. and other developed countries).

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Not a top-down approach:   Allocation among individual stocks, market cap sizes, industries, and countries varies considerably, based on where the best opportunities are.   Bottom-up approach.

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I have 100% of my own investable assets, aside from prudent rainy day reserves of cash and cash equivalents, invested in the fund.

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Please call or email me with any questions or inquiries about investing in the fund.

-Christian Olesen

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Click here to download investor presentation pdf

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Click here to download 1-page factsheet pdf