SetPiece Capital derives its name from soccer's set piece play.  This isn't to say that we are die hard soccer fans, but we believe it serves as a suitable example consistent with our own investment philosophy.  We believe the set piece represents one of the best risk/reward plays in soccer, contributing greater than 20% of league goals, over 30% of 2018 World Cup group match goals and a team is over 60% more likely to score off of a set piece than in open game play. Set pieces represent a minority of the game play, but produce a disproportionate percentage of total goals scored.

We translate this philosophy to the world of investing. A concentrated portfolio of favorable risk/reward investments can produce superior investment returns over the medium to longer term. Paired with a low net equity exposure, the strategy is to isolate the idiosyncratic returns generated by these favorable risk/reward investments to drive alpha over time for its clients.