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About Cartesian Partners

Cartesian Capital Partners is an investment boutique based on traditional values and independent thinking. The experienced Cartesian fund management team employs an unconstrained approach to identifying the best opportunities across the UK equity universe. This incorporates the careful, diligent aspects of fund management that the reputation of Scottish investment management was built upon.

The Cartesian approach, while traditional in part, is at the same time innovative and free thinking. The partners retain a healthy degree of scepticism of consensus market views and have consistently uncovered opportunities missed by the wider market. The team runs high conviction, concentrated portfolios, which, while possibly unsuitable for more risk averse investors, have the potential to generate high levels of outperformance.

Cartesian’s investment process has produced almost a decade of consistent outperformance from both a long only and long/short perspective. This has attracted strong institutional support over the years, testimony to the validity of the process.

The Cartesian Team
Andrew Kelly, Susan Rafferty and Jeremy Hall.

A dynamic team with strong backing

The Edinburgh-based Cartesian boutique was launched in December 2005, and is a 50-50 joint venture between Cartesian and Ignis Asset Management. Cartesian was founded by partners Andrew Kelly and David Stevenson (retired 2011) and joined by investment manager Jeremy Hall and administrative partner Susan Rafferty in July 2007. The partnership enables Cartesian to focus entirely on investment management while Ignis, which has around £78 billion of assets under management*, delivers the distribution, sales, marketing and back office operations. 

*Source: Internal 30/09/2011

The Cartesian investment approach - standing out from the crowd

  • Analytical rigour - two accountants and an actuary
  • Deep understanding of companies and markets - assessed with a business ownership mindset
  • Investment approach employed successfully for over a decade
  • Careful, diligent approach to risk

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