Denjoy Capital
The private investment office
of Frédéric Denjoy
Denjoy Capital manages private capital. Frédéric leads the research and makes the investment decisions, drawing on his experience at Brevan Howard and as founder of Denjoy Capital Partners.
Our approach
What changes the value
of a business
An investment starts with a company we know well and a specific reason its prospects may change. That may be a new management team, a shift in competition or a new product. We ask what this could mean for the business over the next three years.
Meetings with management are part of the investigation. We test what we hear against company accounts, discussions with competitors and industry contacts, and our knowledge of the business across cycles.
We build cash flow forecasts and compare valuation scenarios. Each investment case sets out what could unlock value, the likely timing and where we could be wrong. Position sizes are reviewed as the evidence and the price change.
Founder
Frédéric Denjoy
Founder & Chief Investment Officer
Frédéric’s career spans equity research, institutional portfolio management and private investing.
He was a partner at Brevan Howard before founding Denjoy Capital Partners and launching the Denjoy Integral Fund in 2011, with seed capital from Blackstone Alternative Asset Management. His career also includes T. Rowe Price and Cheyne Capital.
- T. Rowe Price
- Senior analyst · European equity research
- Brevan Howard
- Partner · Equity portfolio management
- Denjoy Capital Partners
- Founder & portfolio manager
Denjoy Integral Fund - Cheyne Capital
- Partner & equity portfolio manager
These positions describe Frédéric Denjoy’s professional history and do not imply current affiliations or endorsements.
Contact
For management meetings and company introductions,
please contact Rachael Dalton.
London · Geneva