Prague Club of Investors

KI Asset
Management

Student-driven investment management delivering institutional-grade research and superior risk-adjusted returns through emerging market opportunities.

73+
Meetings
22
Analysts
36
Analyses
4
Positions
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Currently accepting analysts working in Czech language only

Board-Approved Portfolio

Live
33.16%
Total Return Since Inception
4 Active Positions  |  Updated 2026-02-10
Alpha vs S&P 500
23.2%
Excess Return
Sharpe Ratio
0.42
Risk-Adjusted
Max Drawdown
--
Peak to Trough
Volatility
72.0%
Annualized
Beta
2.00
Market Sens.
Win Rate
100.0%
Positions
S&P 500
16.1%
FTSE All-World
21.9%
EEMS (Benchmark)
22.3%
Our Mission

Institutional-Grade Research.
Student-Driven Excellence.

Founded with a clear purpose: to bridge the gap between academic theory and real-world investment management. We operate on par with the finest Czech investment institutions.

KI AM Ambition

"Umožnit motivovaným studentům získat reálnou zkušenost se správou kapitálu & zhodnocovat prostředky spolku"

Enable motivated students to gain real capital management experience & grow the club's assets

Our primary objective is to outperform the EEMS index through disciplined fundamental analysis and a concentrated portfolio of 15-25 carefully selected positions.

Portfolio Performance

Since Inception vs Benchmarks

  Portfolio   S&P 500   FTSE All-World   EEMS

Patience

Long-term thinking over short-term speculation. We believe in the power of compound growth and disciplined capital allocation.

Foresight

Anticipating market trends before they materialize through rigorous fundamental analysis and industry research.

Integrity

Transparent analysis and honest reporting. We hold ourselves to the highest ethical standards in everything we do.

Our Process

Investment Process

A rigorous, multi-stage approach ensuring thorough due diligence and consensus-driven investment decisions.

1
Screening
Initial screening using quantitative metrics (ROIC, margins, growth) and qualitative factors
2
Analysis
In-depth 20-page write-up covering business model, competitive advantages, and valuation
3
Peer Review
Internal discussion and critique by fellow analysts to challenge assumptions
4
Committee Vote
Presentation to Investment Committee with absolute consensus required for approval
Investment Approach

Our Strategy Pillars

A disciplined approach combining emerging markets exposure with small-mid cap opportunities and compelling equity stories.

No Leverage

We avoid leverage to prevent increased volatility and drawdowns. Asymmetric risk with unlimited loss potential has no place in our strategy.

No Shorts

Short selling introduces margin call risks and borrow costs. We prefer allocating time to finding winners rather than speculating on losers.

No Hedging

We don't hedge currencies as they provide natural diversification. FX risk is monitored during high volatility periods.

Non-Replicable Strategy

Our portfolio cannot be replicated by standard ETFs. We actively select and manage 15-25 positions for true diversification, not "di-worse-ification".

Target Allocation

SMID Caps
Small-Mid Cap Opportunities
60%
Emerging Markets
EM Exposure
30%
Equity Stories
Special Situations & Themes
10%

Developed markets are at highs while retail investors fear EM. Our unique composition of three complementary pillars provides uncorrelated alpha opportunities.

Risk Framework

Risk Management

Robust risk controls ensuring capital preservation and sustainable returns through disciplined position sizing and continuous monitoring.

Position Sizing

Maximum 10% of portfolio per position at cost basis. Growth tolerance up to 20% before trimming. Gradual entry with max 5% initial allocation.

Diversification

Maximum 20% exposure per sector and 30% per region. Portfolio of 15-25 positions for optimal diversification without over-concentration.

Stop-Loss Policy

Soft stop-loss at 20% decline triggers thesis review by independent analyst. Regular revalidation of all portfolio positions on monthly basis.

Liquidity Control

Position size limited to 5x average daily trading volume. Preference for dual-listed securities to minimize currency and liquidity risk.

Cash Management

Excess cash held in interest-bearing accounts (CZK, EUR, USD). Higher cash allocation during elevated valuations, deployment during corrections.

Consensus Requirement

Absolute consensus required for all investment decisions. Any dissenting vote blocks position entry until concerns are addressed.

Investment Universe

Where We Invest

Focused on market segments where our student-driven approach provides genuine competitive advantage.

Small/Mid Caps

Market capitalization under $25B. Under-covered by analysts, too small for hedge funds. Structural inefficiencies create mispricing opportunities for diligent researchers.

Emerging Markets

CEE, LATAM, and Asia exposure. Our regional expertise, language skills, and Erasmus network provide local insights overlooked by Western investors.

Equity Stories

Special situations, thematic investments, and contrarian opportunities. Market skepticism or neglect creating asymmetric risk/reward profiles.

Exclusion Criteria
Harmful Industries

Tobacco, weapons, gambling, and companies causing significant environmental or social harm

"Cursed" Sectors

Chronically low ROIC industries like airlines with structural profitability challenges

Dishonest Management

Any history of accounting fraud, integrity failures, or governance red flags

0
Analytical Meetings
0
Team Members
0
Approved Analyses
0
Stocks in Portfolio
For Our Analysts

Platform Perks

Exclusive tools and features available to KI Asset Management analysts.

Real-Time Tracking

Automatic price fetching from Yahoo Finance ensures our performance data is always current and accurate.

Benchmark Comparison

Compare our portfolio against SPY, FTSE All-World, and EEMS with normalized starting points for fair comparison.

Detailed Reports

Export comprehensive CSV reports with individual analyst performance, portfolio breakdown, and historical data.

KI AM Growth Over Time

Cumulative analyses and approved positions since inception

74
Total Analyses
Top Sectors

Best performing sectors by average return

Across all analyses
Sector # Return
Communication Services 4 +20.5%
Financial Services 3 +20.3%
Consumer Defensive 2 +16.2%
Industrials 4 +8.1%
Technology 7 +5.1%
Leadership

Meet the Team

Guided by experienced leaders and driven by passionate students, our team combines academic excellence with practical expertise.

Adam Kolomazník

Adam Kolomazník

President of the Investment Committee
CTU & WU Alumni

"Leading strategic vision and investment decisions for the Prague Club of Investors. Our mission is to provide students with real capital management experience while delivering superior risk-adjusted returns."

LinkedIn
Šimon Havlík

Šimon Havlík

Analyst & Lead Developer
VŠE Economics Student

"Join us and gain real-world investment experience while building production-grade financial technology. Here, you'll learn equity research, portfolio management, and software development—all while managing real capital."

LinkedIn
Latest Insights

From Our Research

Expert investment analysis, market insights, and research from our team of student analysts.

Student Research — Not Financial Advice: We are students passionate about equity research. All content is for educational purposes only and should not be construed as investment advice.
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Ready to Start Your Journey?

Join the Prague Club of Investors and gain hands-on experience in investment management. Work with real capital, learn from industry professionals, and build your track record.

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Currently accepting analysts working in Czech language only