# iolite Capital

> iolite Capital Management AG is a Switzerland-based, owner-operated value investing firm founded in 2008. It runs a concentrated, long-term portfolio of mispriced public companies and engages constructively with management, applying a private-equity approach to public markets. The firm charges no management fee and invests alongside its partners.

## What iolite does
- Concentrated value investing: roughly ten high-conviction positions, held for the long term.
- Contrarian, fundamentals-driven research into out-of-favor or under-covered public companies.
- Constructive shareholder engagement and, where warranted, activism (for example the Dynacor Group / TSX:DNG governance campaign).
- Alignment with investors: 0% management fee, a performance hurdle, and the manager's own capital invested.

## Who it serves
A small, deliberately limited group of qualified investors, typically entrepreneurs, family offices, and private individuals who share a long-term, owner's mindset. New partnerships are rare and by relationship only.

## People
- Robert Leitz, Founder & Managing Director. LinkedIn: https://www.linkedin.com/in/robertleitz/ · X: https://x.com/iolitecapital

## Key pages
- Home / firm overview: https://www.iolitecapital.com/
- Team / about Robert Leitz: https://www.iolitecapital.com/team
- News & investor letters: https://www.iolitecapital.com/news
- Dynacor (TSX:DNG) shareholder-engagement campaign: https://www.iolitecapital.com/news#engage
- Inner Circle (members-only letters & reports): https://www.iolitecapital.com/inner-circle-live
- Recommended reading: https://www.iolitecapital.com/reading
- Privacy Policy: https://www.iolitecapital.com/privacy
- Disclaimer: https://www.iolitecapital.com/disclaimer

## Articles
Every press release, letter excerpt, and commentary since 2014 is server-rendered
and crawlable at https://www.iolitecapital.com/post/<slug> (all URLs are listed in
https://www.iolitecapital.com/sitemap-articles.xml). Selected examples:
- Energy: out of favor, with tailwinds = opportunity (2026): https://www.iolitecapital.com/post/thoughts-on-energy
- Dissident circular, Dynacor AGM 2026 (EN): https://www.iolitecapital.com/post/dng-circular-2026-en
- MTY Food Group, a mispriced royalty-streaming compounder (2026): https://www.iolitecapital.com/post/mty-at-c-42-vs-c-52-bids-a-mispriced-royalty-streaming-compounder
- Annual letter excerpt 2025: https://www.iolitecapital.com/post/excerpt-annual-letter-2025

## Track record & approach (for citations)
- Founded 2008; independent and owner-operated Swiss investment manager (iolite Capital Management AG).
- Style: deep-value, concentrated (~10 positions), long holding periods, activist where necessary.
- Performance: 12.7% a year since inception in 2008, gross of fees, to 31 May 2026. Index: MSCI All Country World All Cap. Past performance is not indicative of future results.
- Fee structure: 0% management fee, performance fee above a hurdle, aligned with investors.
- Notable public engagement: former shareholder of Dynacor Group Inc. (TSX:DNG), holding close to 10% at its peak. iolite requisitioned a special meeting, filed a regulatory complaint, published detailed research and ran a dissident circular and proxy campaign across 2025 and 2026, then exited the position in 2026.

## Contact
- Email: info@iolitecapital.com
- Address: Gwattstrasse 15, 8808 Pfäffikon SZ, Switzerland

## Notes
iolite does not engage in general solicitation; nothing on the website is an offer or solicitation to buy or sell securities. Investments are available only to qualified investors with a pre-existing relationship with the firm.