Trinity International

Global Equity Excellence Beyond U.S. Borders

The Trinity International Strategy, managed by TSAM and available through iM Global Partner, is a high-conviction global ex-US equity strategy that has consistently outperformed the broad market index since its inception in 2004—delivering strong returns with equal or lower volatility. Rooted in deep fundamental research and long-term investment discipline, the strategy exemplifies our commitment to entrepreneurial thinking and enduring partnerships, offering institutional investors a compelling solution for global equity diversification.

Trinity Street Asset Management

Manager

January 2004

Inception of Strategy

USD

Base Currency

Investment Philosophy

At the core of TSAM’s investment philosophy is a commitment to uncovering companies undergoing significant structural change—transformations that the broader market often underappreciates. Unconstrained by traditional style labels, TSAM is both opportunistic and style agnostic, allowing the team to pursue the most compelling investment ideas across sectors and geographies. Each investment must demonstrate a minimum of 50% upside potential over a two-to-three-year horizon, ensuring a disciplined focus on asymmetric return opportunities. This high-conviction philosophy is executed through a bottom-up, concentrated portfolio approach that reflects deep conviction and long-term thinking.

TSAM’s research process is purpose-built for depth, independence, and clarity. The investment team conducts rigorous, first-hand analysis, grounded in extensive company meetings and direct engagement with management teams. Independent research lies at the heart of idea generation, with a focus on identifying businesses that are strategically or operationally inflecting in ways not yet fully priced by the market. Every position in the portfolio is the result of a thorough, fundamentals-based inquiry, underpinned by a collaborative team process and a shared commitment to intellectual integrity.

A Statement from Trinity Street Asset Management
We seek to invest where change is real but recognition is not—identifying underappreciated structural shifts that can drive long-term value well before the market catches up.

Ed Bell

Partner, Deputy CEO and Portfolio Manager

The Team

Private: Richard Bruce

Private: Richard Bruce

Founding Partner
Private: Ed Bell

Private: Ed Bell

Partner, Deputy CEO and Portfolio Manager
Private: Nick Mayor

Private: Nick Mayor

Partner, Head of Research and Portfolio Manager
Private: Piotr Krupa

Private: Piotr Krupa

Partner