Focused Global Equity Investing
Aligned to outperform the MSCI ACWI through AI-enhanced deep research
132%
TOTAL RETURN
OVER 5 YEARS
18%
ANNUAL RETURN
OVER 5 YEARS
+56%
EXCESS RETURN
VS MSCI ACWI
Performance Track Record
6% annual outperformance vs MSCI ACWI over the last 5 years
Performance is based on the monthly change in the Fund’s Net Asset Value per Participating Share, net of all fees and expenses. The MSCI ACWI USD Net Returns Index is the Fund’s benchmark, tracking approximately 85% of global equity markets with dividends reinvested after withholding taxes. Alpha is the Fund’s excess return over the benchmark. CAGR is the Compound Annual Growth Rate. Past performance is not indicative of future results. Data is presented as of 30 November 2025, in US dollars.
Our Core Values
FAIR principles guide every investment decision we make
F
Focus
One fund, one objective: ACWI outperformance.
A
Alignment
Founders invested alongside all shareholders.
I
Incentives
Outperformance fees only when we beat the ACWI.
R
Rational
AI-enhanced research-driven stock analysis.
Our Investment Process
Systematic AI-powered stock analysis with experienced human oversight
1
Universe Definition
We maintain a focused universe of over 200 global stocks, carefully selected for their quality, growth potential, and alignment with our investment criteria. This universe spans developed and emerging markets across all sectors and includes fast growers, stalwarts, cyclicals, turnarounds, and asset plays.
2
AI-Enhanced Analysis
We analyze 25-50 stocks weekly using our 14-component framework. AI assists in processing vast datasets, ensuring consistency across evaluations, and keeping our scoring models current with the latest financial data and market developments. Each stock receives a score (1-10) across all 14 components.
3
Dynamic Weighting via Market Health Index
Component scores are dynamically weighted based on our proprietary Market Health Index (MHI), which assesses current market regime and risk/opportunity levels. The MHI ranges from -2.0 (maximum defense) to +2.0 (maximum offense), allowing our model to emphasize resilience during uncertainty or growth during expansions.
4
Disciplined Portfolio Construction
Stocks are ranked by their weighted Total Component Score. We maintain strict discipline: only stocks scoring approximately 7.4 or higher qualify for inclusion. The portfolio typically holds 25-75 of our highest-conviction positions, creating a concentrated yet diversified global equity portfolio.
5
Human Oversight & Weekly Rebalancing
While AI provides analytical power, experienced human judgment makes the final decisions. Robert and Louise meet weekly to review AI-generated scores, scrutinize rankings, debate nuances, and approve the proposed portfolio allocation before any changes are implemented. This ensures technology serves our investment philosophy rather than dictating it.
14-Component Stock Analysis Framework
Disciplined 14-component stock grading system enhanced by AI
Primary
Growth
Magnitude and durability of forward revenue, earnings, and free cash flow expansion.
Asymmetry
Risk/reward profile across probability-weighted bull, base, and bear scenarios.
Scalability
Ability to grow revenues faster than costs and capacity to reinvest at high returns.
Quality
Strength of assets, economic moat, unit economics, cash conversion, and balance sheet.
Secondary
Momentum
Price direction and trend relative to peers and the broader market.
Valuation
Probabilistic return ranges implied by relative and intrinsic valuation metrics.
Auxiliary
Catalysts
Specific events or developments likely to drive meaningful stock price movement.
Sentiment
Contrarian assessment of market psychology, positioning, and ownership trends.
Tertiary
Macros
Impact of macroeconomic, industry, and policy secular and cyclical trends.
Timing
Assessment of whether the current entry point offers attractive risk-adjusted returns.
Defensive
Stewardship
Management quality, insider ownership, alignment, and capital allocation track record.
Resilience
Capacity to withstand downturns, volatility, and adverse conditions.
Risks
Assessment of downside vulnerabilities and threats.
Predictability
Confidence in the accuracy and reliability of forward financial projections.
The Team
Experienced professionals aligned with your long-term success
Robert Tate
CA, CFA
Robert is a Chartered Accountant and CFA charterholder with extensive experience in fund management and financial services. He was Co-manager of OAM European Value Fund (2013–2017), and previously worked for UBS and Deloitte. Robert brings a research-driven approach to global equity investing. He has been a Director of Global Rational Capital Fund since its inception in 2017 and is invested in the Fund alongside all shareholders.
Louise Tate
Co-Founder & Operations Officer
CFA Investment Foundations
Louise oversees all operational aspects of the fund including shareholder services, regulatory compliance, cybersecurity, and internal controls. She works closely with Robert in the weekly portfolio review process, ensuring rigorous oversight of all investment decisions. Louise serves as the fund’s Anti-Money Laundering Compliance Officer and is invested in the fund alongside all shareholders.
Ross Davidson
Director
CPA, CGA
Ross is a Chartered Professional Accountant with over 40 years of experience in public practice and as President & CEO of Great West Equipment (2002-2020), where he grew the business twenty-fold. Ross brings valuable business leadership experience and governance expertise, having served as Governor for the Canadian Federation of Independent Business representing British Columbia (2014-2020).
Fund Structure
Directly aligning our interests with all shareholders
Fees
The Fund charges a Management Fee and an Outperformance Fee, both calculated monthly on a per Participating Share basis.
%
Management Fee
ANNUAL RATE
1% of NAV
Charged monthly based on the Fund’s Net Asset Value, covering ongoing management costs.
%
Outperformance Fee
OUTPERFORMANCE RATE
20% of excess return
Charged only when the Fund’s total return exceeds the benchmark across all periods to date.
Alignment of Interests
Outperformance Fees are only payable when the Fund’s total return exceeds the benchmark, measured cumulatively across all periods tracked by a high-water mark. Founders do not receive Outperformance Fees in cash — they must reinvest the full amount into additional Participating Shares, ensuring we only prosper when all Participating Shareholders prosper.
Transactions
Transactions are processed on the first calendar day of each month at the NAV per Share from the preceding month-end.
+
Subscriptions
Notice Required
15 calendar days
Deadline
3pm Cayman Islands time
Documentation
Completed Subscription Form
Pricing
NAV per Share (prior month-end)
Subscription Day
1st calendar day of each month
Cleared Funds
Received prior to Subscription Day
-
Redemptions
Notice Required
15 calendar days
Deadline
3pm Cayman Islands time
Documentation
Completed Redemption Notice
Pricing
NAV per Share (prior month-end)
Redemption Day
1st calendar day of each month
Cleared Funds
Sent after Redemption Day
Early Redemption Charge
A maximum charge of up to 5% applies to redemptions made within three years of a Participating Share’s issue date. The charge, if imposed, is retained for the benefit of remaining Participating Shareholders in the Fund. The Early Redemption Charge discourages disruptive short-term investing.
Fund Publications
Transparent reporting for informed investment decisions
F
Factsheet
30 November 2025
Key performance metrics and portfolio characteristics.
Recent Performance
Over the 12 months ending 30 November 2025, the Fund generated a net return of 38%, while the benchmark generated 18%. The recent significant alpha generation is a result of a rigorous investment methodology, enhanced by AI.
Invest
Partner with us in the pursuit of long-term outperformance
Eligibility
Global Rational Capital Fund is available exclusively to investors who meet one of the following criteria.
✓
High Net Worth
Requirement
Net worth of US$1,000,000+
Minimum net worth requirement as defined under Cayman Islands regulations.
✓
Qualified Persons
Requirement
Investment knowledge & experience
Capability to evaluate the merits and risks of investing in the Fund.
Investment Parameters
Minimum initial investment of US$100,000. The Fund is suited to investors with a long-term horizon of at least five years who understand equity market volatility and accept the risk of capital loss.
Steps
The subscription process for new investors.
1
Request Documentation
Contact our Operations Officer to receive the Offering Memorandum and Subscription Form.
2
Review & Complete
Review the Offering Memorandum carefully and complete the Subscription Form with supporting documentation.
3
Submit & Transfer
Submit documentation at least 15 calendar days before Subscription Day. Wire cleared funds prior to the 1st of the month.
4
Confirmation
Receive confirmation of cash receipt and allocation details in your monthly statement.
Contact
Contact our Operations Officer to receive the Offering Memorandum and Subscription Form
Louise Tate
Co-Founder & Operations Officer
louise.tate@globalrationalcapital.com
Global Rational Capital Fund
Cayman Islands Exempted Company
Registered with the Cayman Islands Monetary Authority
Co-Founder & Operations Officer
louise.tate@globalrationalcapital.com
Important Information: An investment in Global Rational Capital Fund involves risk, including possible loss of principal. Past performance is not indicative of future results. The fund is not available to the public and is only available to High Net Worth Persons and Qualified Persons as defined in the fund’s Offering Memorandum. This website does not constitute an offer to sell or a solicitation of an offer to buy Participating Shares in any jurisdiction. Prospective investors should review the Offering Memorandum carefully before investing. The fund is registered under Section 4(1)(b) of the Mutual Funds Act to carry on mutual fund business in or from the Cayman Islands.
© 2025 Global Rational Capital Fund. All rights reserved.