North of South Capital

Kamil Dimmich is the portfolio manager and the key decision-maker. He founded the firm and builds the concentrated emerging-market equity portfolio, relying on fundamental, bottom-up research rather than a committee-driven process. Dimmich's personal investment conviction shapes every position the fund takes.

The firm uses rigorous bottom-up fundamental analysis, screening for companies where market price deeply discounts intrinsic business value. Because the strategy ignores index weightings, the idea funnel includes small- and mid-cap names, state-owned-enterprise turnarounds, and family-controlled conglomerates that benchmarked managers overlook. On-the-ground research and direct company engagement are central to the process.

It operates as an independent asset manager, not a family office. The firm manages an emerging-market equity strategy for external investors, with no disclosed connection to a single-family wealth source. Its London-based structure and concentrated public-equity mandate are characteristic of a specialist fund manager rather than a private investment office.

The firm focuses on publicly listed equities. There is no indication of a private equity, venture capital, or credit strategy. Its mandate is strictly long-only public emerging-market stocks, selected for deep value and held for the long term, without the illiquidity premium structures common in private-market emerging-manager shops.

North of South Capital explicitly rejects benchmark alignment. The portfolio does not track the MSCI Emerging Markets Index or any similar gauge, which means it can entirely exclude large, heavily-weighted state-owned enterprises or over-owned mega-caps when fundamentals don't justify a position. That posture removes the career risk that forces many emerging-market managers to closet-index.