Through deep analysis of balance sheets, management, business strategy, industry and performance; Covista identifies companies that are trading below their intrinsic value. Covista commits to this value investing approach, managing unsystematic risk through position size limits and sector diversification.
Covista works on behalf of investors seeking high-potential opportunities often unavailable through conventional financial institutions. Our investors value the independent perspectives, innovative strategies, and active management that define the Covista fund.
We believe that the traditional investment community consistently overlooks deep value opportunities. At a time when average returns for conventional investments hover at 8% or less, undervalued small and microcap companies have the potential to generate alpha significantly higher than that of global benchmarks and indexes.
Value opportunities can be consistently overlooked by the traditional investment community. Undervalued small and microcap companies have the potential to generate alpha several times higher than that of global benchmarks and indexes. We research dynamic/complex markets and invest in companies that fall below the radar.
Covista rewards its investors' trust with high standards regarding interaction and availability.
For 28 years, Mr. Cannon has been creating and managing value portfolios for institutions and high net worth individuals. He also has extensive experience in portfolio construction and securities analysis. Rann holds an undergraduate degree in Psychology from the University of British Columbia, and is a CFA® Charterholder.
Mr. MacCosham has 28 years of experience in the investment industry, including over 12 years as Managing Director, Head of Trading at two large Canadian investment dealers, where he ran international and domestic equities and fixed income.
Common questions that help you understand and assess the suitability, potential returns, risks, and overall management of the fund.
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Founded in 2015, Covista Capital Corp. is an independent investment management company that seeks to generate alpha and minimize risk by thinking differently, acting autonomously and investing nimbly to capitalize on hidden market value.
*This information may not be redistributed, re-transmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of Covista Capital Corp. (“Covista”). Any unauthorized use or disclosure is prohibited. This content of this page is intended for information purposes only and does not constitute an offer to buy or sell products or services of Covista Capital Corp. (Covista) nor is it intended as investment and/or financial advice on any subject matter. The information contained herein is derived from sources which are believed to be reliable but Covista makes no representation that this information is accurate or complete. Certain of the statements may contain forward looking statements, which involve known and unknown risks, uncertainties and other factors which may cause the actual results to be materially different from any future results, performance, or achievements expressed or implied by such forward looking statements. Past performance is not indicative of future results. Results are not guaranteed. Values will fluctuate and individual returns will vary. *Covista Value Fund Limited Partnership Class A Series 2015-08. Inception Aug 11, 2015. Net of fees and expenses. Individual returns may vary based primarily on date of investment. Where the performance of a particular class of a fund is displayed, other classes may be available and fees and performance may differ in those other classes. Chart Sources: Quotestream; Google Finance; Pinnacle Fund Admin. Index returns do NOT assume reinvested dividends. **S&P500 in CDN $ represented by the Vanguard S&P500 ETF “VFV-T”. Includes .08% MER and will closely track the S&P500. “TSX Composite” is the S&P/TSX Composite Index. Benchmarks are used to assess relative performance of your portfolio/Covista products. There is no perfect benchmark that will accurately reflect the risk and diversification of our investment pool at all times. We believe most clients allocate a portion of their total assets to North American securities, and are familiar with the most widely quoted benchmarks of the S&P500 in the US and the TSX Composite in Canada. The S&P500 is comprised of 500 large cap US equities, whereas the TSX is primarily comprised of large cap Canadian equities. The Covista Value Fund has a wide investment mandate, and the composition of our investment pools will fluctuate over time. We believe the use of the S&P500 and TSX Composite as our benchmarks will provide clients with a reasonable barometer to compare the returns of the Covista Value Fund to the overall returns of the North American equity markets.
