Independent UK investment manager Church House Investment Management has launched a Deep Value Investments Fund. It will mirror an offshore fund that has a ten-year track record, using a so-called “deep value” investment strategy targeting capital growth.

The fund will be actively managed by Jeroen Bos, investment director at Church House.

Only companies which have been established for a number of years and that have been profitable, with a positive cash flow for sustained periods, will be considered. The portfolio will be no more than 30 holdings at any one time and may be substantially liquid when investment opportunities are few, the firm said in a statement.