Price paid is the most important determinant of value creation

Deans Knight is an entrepreneurial investment manager. We believe price paid is the most important determinant of value creation. We treat each investment opportunity as if it were a private investment with the price of the business determined by the public market (i.e. stock exchanges or over the counter). The decision to buy or sell an investment is based on whether or not we would pay the implied value (i.e. market cap or enterprise value) for the business on that day. Ultimately, the most important determinant of value creation for investors is the price paid for a company.

Deans Knight Capital Management focuses on two asset classes that provide superior long-term returns: corporate bonds, income trusts and other debt-like securities for portfolios requiring income and equities for portfolios requiring capital growth. Deans Knight manages approximately $1.3 billion in institutional, private wealth and mutual funds.