Every company is a bet on one person. We make sure that person is the right one.
Most investors study the business. We do too, in depth. Then we study the people running it: their track record, their incentives, their judgment under pressure, and the culture they build. Across every market cycle for two decades, that has been the key variable explaining our investment performance.
The market values the business.
It rarely values the leader.
The Street builds the P&L and maps the competition. But almost no one underwrites the person setting the strategy, making the capital allocation decisions, and shaping the culture. No one puts a number on that person until a departure or a failed acquisition makes it every shareholder's concern.
By then the value is already gone.
That gap is our opportunity. Eagle Talon was built to separate the leaders who create value from the ones who destroy it, and to act while the market is still looking only at the numbers.
We assess leadership the way an intelligence agency evaluates a target.
Methodically, from many perspectives, building a mosaic.
We never trust the resume or the conventional sources alone.
We build conviction in a leader the same way we build it in a company: with bottom-up work, one person at a time.
A 360-degree view of the leader, across multiple layers. One question sits underneath all of them: is this the right leader, in the right seat, at the right moment to create significant shareholder value?
First we diagnose what the company needs to succeed in its next phase: costs taken out, a product line rebuilt, an acquisition integrated without wrecking it, or capital returned rather than spent. Then we test whether this leader has the track record, the expertise, and the incentives to deliver exactly that. We match the leader to the moment. When the fit is wrong, we pass or we short.
We weigh board independence, committee strength, and the alignment of incentive compensation against a single question: Will this board challenge the CEO when it matters most?
Acquisitions, buybacks and dividends on one side; capital spending and research and development on the other. These are the decisions that separate leadership which compounds value from leadership which quietly erodes it.
Beneath each layer sits a framework of specific criteria, built and refined over two decades.
We measure every leader and every company against it.
Tested across
multiple market cycles.
The same discipline has run live since the Global Financial Crisis: through the 2011 European debt crisis, the 2020 pandemic, the 2022 rate shock, and the tariff and geopolitical shocks since. One method, one investment manager at the helm the entire time. We walk through the full track record with you directly: the verifiable Eagle Talon record alongside Karim's longer career history.
and the track record.
One discipline. Two forms.
Six portfolios.
G-Leadership
Our research and investment process is built around changes in senior leadership. Bottom-up work on the company, combined with deep diligence on the CEO, the senior team, and the board, separates value creators from value destroyers. We go long the creators and short or avoid the destroyers. Four portfolios express it here, from diversified long-only to concentrated best ideas, plus a 150/50 long/short strategy with a dedicated short book.
G-Themed
The same leadership research, expressed through ETFs for diversification. Two portfolios, tuned for capital gains or yield, using cash as the hedge.
One approach, six portfolios with tailored return and volatility targets.
Cycle-resilient by design.
We measure our work in decades, not quarters.
Run by one investor.
A strategy is only as good as the judgment of the person running it. Eagle Talon is run by Karim Mawji, who built the investment process over a 25-year career investing at Morgan Stanley, at multi-billion-dollar hedge funds, and at the three firms he founded: Dentonia Park Capital Management, Paragon Intel, and Eagle Talon Partners.
Karim founded Eagle Talon in 2020. He has run the same approach to investing through the Global Financial Crisis, the 2011 European debt crisis, the 2020 pandemic, the 2022 rate shock, and the market dislocations since.
Earlier in his career he ran special-situations and short portfolios at Morgan Stanley, Scout Capital, Perennial Investors, and Healy Circle Capital. Paragon Intel, his research and financial-technology firm, sits at the intersection of investing and leadership. He is a CFA charterholder and a Chartered Accountant, with an MBA from the Rotman School at the University of Toronto.
Full biography in the Strategy Brief.
Schedule a conversation with Karim →Why leadership separates good from great, first in the company and then in the investment.
Karim on bringing the same rigor to analyzing the CEO that most investors reserve for the company. This is half of our process. Without the right leader in the right seat, we do not invest.
If that sounds like
how you'd do it —
We work with a small number of current and former CEOs of public and private companies, ultra-high-net-worth individuals, family offices, and endowments, people who think about leadership the way we do. The next step is a direct conversation with Karim. Not a sales call, a discussion to see whether our investment discipline fits how you allocate.
Request received.
Karim's office reviews every request personally. If the discipline fits how you allocate, you'll hear from us directly.
The Strategy Brief
The verified record and full methodology. Released to qualified investors after a short review.
Compare the six portfolios
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