Latest news

Pelargos Capital BV goes into liquidation

After winding down its operations and finalising its regulatory reporting requirements, Pelargos Capital BV has entered liquidation on July 20th, 2022. We would like to thank all our partners and clients for the support we have received over the years.

Pelargos Japan Alpha Fund goes into liquidation

Effective Nov 30, 2021, Pelargos Japan Alpha Fund has closed and has subsequently entered liquidation. We would like to thank all our partners and clients for the support we have received over the years.

Pelargos Japan 2020 Voting Report

Pelargos has published its 2020 voting report. See here for details.

The Pelargos way


Fundamental value investing in Japanese equities

We believe that fundamental, bottom-up value analysis enables us to better understand and more effectively manage risk. We target asymmetric pay off structures with strong positive skews. We are convinced this is the best way of generating outstanding returns. Engaging with management teams and proposing enhancements related to corporate governance is an integral part of our investment process.


Entrepreneurial culture with institutional infrastructure

Pelargos is regulated under the AIFM Directive and reports to various industry oversight bodies. Pelargos is an AIMA member and our key service providers are best of class partners. Our state-of-the-art infrastructure enables effective trading, reporting and performance attribution analysis to provide transparency for our clients.


Proven trackrecord

Launched in the midst of the 2008 financial crisis, the Pelargos team has delivered excellent results in both up and down markets. Thanks to the capital commitment from our cornerstone investor and partner Aegon, Pelargos approaches the investment business with a long term horizon. This enables us to effectively control the downside and to expose us to attractive upside.

Our equity solution

Unlock value in Japan with active downside control

Our Solution

Japan is an extremely inefficient market ...

Japanese equities are a completely neglected asset class. With 3600 listed companies analyst coverage is very poor. Valuations are extremely attractive and trading volumes are depressed. The improvement in corporate governance is a big game changer and vastly underappreciated by market participants.

... but tremendously volatile ...

The Japanese equity market is considered a high beta proxy on global growth. With low domestic GDP growth and limited inflation, return on capital tends to be low.

... therefore understanding intrinsic value is paramount

Understanding intrinsic value of a company provides a great awareness of downside risk. We enhance our fundamental value approach with disciplined risk management. This enables us to achieve attractive returns with limited downside, and thereby to compound wealth in the the long run.

Our people