Hermitage Capital Management is a leading global investment advisory firm

Hermitage Capital Management is a leading global investment advisory firm specializing in emerging markets. The firm’s clients include a diversified group of international financial institutions, corporations, pension funds, public endowments, investment advisors, family offices and high net-worth individuals.

Founded in 1996 by William Browder in partnership with the late Edmond Safra, Hermitage Capital Management is widely recognized for its rigorous corporate research, forensic analysis, deep value focus and active investment management approach. These industry-leading investment skills are the keys to the firm’s successful performance over time.

The firm pursues its investment strategy by taking significant positions in companies which are undervalued to their peers both locally and worldwide. Sometimes, these companies have attractive assets but suffer from poor corporate governance. Hermitage’s unique research enables the firm to identify companies that have solid fundamentals, unjustifiably cheap valuations and "hidden assets" overlooked by the market.