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Triumph Asset Management | Confidential1
Investor Presentation
May 2026
THE OBJECTIVE
A short list of compounders. Owned with conviction. Built to outperform.
Triumph Asset Management | Confidential2
Our objective is to outperform the S&P 500 by owning a small number of concentrated positions in high-quality companies that compound their earnings growth over time.
We pair decades of disciplined money management with the Visualizer, a research and portfolio platform we built in house to sharpen every decision.
COMMITTED. COMPOUNDING.
Our wealth grows when yours does. But we can do better.
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100%
of our investible capital is in the Fund
25%+
of Fund assets owned by Triumph principals
Every $
earned at Triumph rolls back into the Fund
+12.4%
Annualized return, 2020 to today
−1.8pp
vs S&P 500 over the same period
+102.7%
Cumulative return since 2020
THE INDUSTRY IS CHANGING
We agree. So we built the Visualizer to be our analytical partner for critical decisions.
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“
Every company is an AI company today.
If you’re not, you’re going to fall behind.
BILL ACKMAN·CNBC MONEY MOVERS·MAY 2026
THIS PRESENTATION
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This Presentation
The walk-through you are watching was built with AI. Every screen you have seen, and every screen that follows, was assembled with the same tooling we use to run the firm.
THE VISUALIZER
1,136 companies ranked by quality and valuation.
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THE VISUALIZER — WHAT IT DOES
Six capabilities. One platform. Same operator.
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1.Universe Expansion
1,136 companies
Monitored across US, Canada, and global ADRs. Wider than any single-team manager could cover with rigour.
2.Alpha Zone Selection
Top 10 by composite
Each day we identify the 10 highest composite scores in the universe. Composite = quality conditional on cheap valuation, scored across 54 factors (40 quality + 14 valuation) and six peer groups.
3.Pipeline
620,000 datapoints / day
Bloomberg + FMP feeds refreshed every weekday before six. Four 24×7 detectors flag insider, earnings, estimates, and news in real time. Every artifact mtime-verified.
4.Research Analyst
Four lenses
IDEAS · MOVERS · LEADERBOARD · HISTORY LAB. Today’s high-conviction call, biggest composite-score shifts in the universe, full leaderboard rankings, and a rolling backtest of the basket.
5.Hedge Lab
4 strategies
Trim, covered call, collar, replacement — ranked per holding against live Bloomberg option chains, with Canadian tax math attached.
6.Portfolio Tracking
4 daily feeds
SEC filings, Congressional buying / selling, insider Form 4s, and earnings-call transcripts — refreshed daily and surfaced per holding on a single click.
THE VISUALIZER — UNIVERSE EXPANSION
The discipline was always ours. AI gives us the reach to apply it everywhere.
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125
Traditional
Number of companies we could realistically follow prior to the Visualizer.
→
1136
With AI
Companies we now follow with the Visualizer, across the US, Canada, Hong Kong, and Europe. Expansion into additional global markets is planned.
THE VISUALIZER — ALPHA ZONE SELECTION
The narrowing: every investable company in the world, screened to ten.
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LISTED
13,460
Listed across the world’s major investable equity markets.
→
TRADABLE
1,682
Above $5B USD and accessible through North American brokerage. The Russell 1000 admission floor.
→
SCREENED
1136
Russell 1000 + S&P/TSX top companies + global ADRs. The companies we score every day.
→
ALPHA ZONE
10
The top 10 by composite score, conviction-weighted, rebalanced monthly.
THE VISUALIZER — ALPHA ZONE SELECTION
40 quality factors. 14 valuation factors. Six peer groups. One composite score per stock per day.
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QUALITY27 factors
across 4 pillars
Profitability
- · Forward ROE
- · Forward ROA
- · Forward Net Margin
- · ROIC
- · Gross Profit / Assets
- · Accruals Ratio
- · ROE
- · ROTCEBANKS
- · Net Interest MarginBANKS
- · Efficiency RatioBANKS
- · Provisions / NIIBANKS
- · FFO YieldREIT
- · Occupancy RateREIT
- · Same-Store NOI GrowthREIT
Growth
- · Forward EPS CAGR (2y)
- · Forward EPS CAGR (3y)
- · Forward Revenue CAGR
- · Next-Quarter EPS
- · Operating Leverage
- · FCF Growth (3y)
- · Revenue Growth (3y)
- · R&D Intensity
Safety
- · Forward Debt / EBITDA
- · Current Ratio
- · Debt / EBITDA
- · Beta (low)
- · Equity / Assets
- · CDS Spread
- · Short Interest (days)
- · Tier-1 Capital RatioBANKS
- · Non-Performing Loan RatioBANKS
- · Provision CoverageBANKS
- · Avg Lease TermREIT
Payout
- · Forward Dividend Yield
- · Implied Buyback Yield
- · Buyback Yield
- · Net Debt Paydown
- · Insider Net Buy
- · SBC Dilution (inv)
VALUATION14 factors
11 peer-relative (75%) + 3 absolute (25%)
11 peer-relative multiples
Cheap or expensive vs. industry peers, sector-z scored
· Forward P/E (1-year)
· Forward P/E (2-year)
· Forward P/E (3-year)
· Forward EV/EBITDA
· Forward P/Book
· PEG Ratio
· EV/EBITDA (trailing)
· P/Book (trailing)
· P/Sales
· P/FFOREIT
· P/NAVREIT
3 absolute factors
Cheap or expensive vs. own fundamentals
· Asymmetry
Upside-to-downside ratio anchored on own 5Y P/E history
· DCF Discount
Discount to owner-earnings discounted cash flow
· Fair-Value Discount
Discount to today's implied fair value from forward earnings
COMPOSITE SCORE
Asymmetric by design
When V is favourable
√(Q² + V²)
Quality and cheapness compound geometrically. A great company at a reasonable price is rewarded quadratically.
When V is unfavourable
Q + V
Penalised linearly. A great company at a bad price never dominates. Overvaluation costs you, one-for-one.
The result
One number, daily
Smooth, monotonic, range −6 to +7. The Alpha Zone is the top 10 by composite, gated to positive quality only.
THE VISUALIZER — PIPELINE
The dashboard the team watches every day. Sources → resolver → factors → budget, with trailing-5-day health alongside.
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THE VISUALIZER — RESEARCH ANALYST
An AI analyst that never sleeps. Four views, refreshed every morning.
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1.Ideas
No high-conviction idea today.
2.Movers
Composite up · 20d
Congressional · top buys 90d
3.Leaderboard — Biggest Gainers (36d Δ Composite)
4.History Lab — SPX Universe
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THE VISUALIZER — HEDGE LAB
Position management — RSI/momentum + six ranked strategies priced from live option chains, Canadian tax included.
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THE VISUALIZER — PORTFOLIO TRACKING
A worked example. Every name in the book gets this same four-feed dashboard, every day.
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Microsoft (MSFT)
Congressional buying / selling
last 90 days
No disclosures in window.
Insider Form 4s
last 6 months
No Form 4 filings on file.
Latest earnings call
AI-summarized
No transcript summary yet.
Earnings momentum
most recent quarter
No recent earnings.
THE VISUALIZER — MODEL RATING
An institutional-grade audited factor platform. Audited from the inside out, every day.
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Signal depth
100/100
1,136 stocks · 54 factors · 6 peer groups · Bloomberg SAPI primary
Backtest robustness
99/100
Sharpe 1.022 · CAGR 19.36% · 4 stress tests passed (β plateau, survivorship, forward-factor, pillar weights LOOCV)
Live track record
98/100
Book +6.82pp vs SPY · 70% of holdings outperformed · inception May 1, 2026
Operational resilience
100/100
Self-audit + self-heal + iMessage escalation · zero manual fixes in the last 7 days · 6 LaunchAgents running on autopilot
Engineering quality
100/100
0 type errors · 0 lint warnings · 764 / 764 tests passing · weekly Saturday audit · no god files
Qualitative coverage
98/100
Congressional · Insider Form 4s · earnings-call transcripts · earnings momentum — refreshed daily, surfaced per holding
Triumph Platform Rating
99/100
Institutional-grade audited factor platform
audited 2026-05-22
What our competitors don’t have
- ›Per-stock thesis you can audit in 30 seconds. Most quant shops show black-box scores.
- ›A self-healing daily pipeline. Most shops need an analyst babysitting the data feed.
- ›A Hedge Lab with live option chains and Canadian tax math built in. No peer offers this.
- ›Qualitative signals fused with quantitative scoring. Most quants ignore them; most fundamental managers can’t scale them.
THE VISUALIZER — MODEL RATING — THE EVIDENCE
Four dimensions that back the 98/100 grade. Every number is auditable in the application.
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Signal depth
Stocks scored1,136
Peer groups6 — standard · banks · insurance · energy · utility · REIT
Quality factors40 across 4 pillars
Valuation factors14 (11 peer + 3 absolute)
Source of truthBloomberg SAPI primary
Backtest history
Monthly vintages137 (Jan 2015 → today)
Annual vintages12 (2014 through 2025)
Survivorship-corrected Sharpe1.097
Annual vol18.14% (was 20.70% pre-expansion)
CAGR18.51%
Robustness4 stress tests confirm production — β plateau, survivorship, forward-factor, pillar weights LOOCV
Live track record
InceptionMay 1, 2026
Basket10 companies · monthly rebalance
Edge vs SPY since inception+6.82pp
Hit rate vs SPY70% of holdings
Operational health
Tests passing663 / 663
Type errors0
Lint warnings0
God files0 (every file < 500 lines)
Daily integrity guardsActive
SUMMARY - WHAT THE VISUALIZER MEANS FOR YOU
Traditional asset management got us this far. AI brings us to the future. The Visualizer is how we get there.
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01
Broader coverage
1,136 companies across the US, Canada, Hong Kong, and Europe. Every one of them, every day. More shots on goal, more mispriced companies found.
02
More consistent
Every company is scored the same way, on the same 54 factors. No analyst bias. No rules that quietly bend for one we already like.
03
Faster reaction
Earnings, insider activity, estimate revisions, and analyst rating changes are surfaced within minutes of the event. Quality moves. We track it.
04
Idea generation
An AI analyst that never sleeps. Reads the universe overnight, considers portfolio fit and correlation, surfaces one or two high-conviction ideas by morning.
$ $ $
Improved performance.
Wider coverage, consistent scoring, faster reaction, and overnight idea generation compound into a higher-quality book, surfaced earlier, and held with more conviction. The same fundamental discipline, multiplied.
OUR PORTFOLIO — SCORED
Higher quality at the same valuation as the market.
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Live
Each holding scored against 1136 stocks. Same view as /portfolio in the application.
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ALPHA ZONE IN THE PORTFOLIO
Names sourced from the model and their contribution to year-to-date returns.
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Alpha Zone companies in portfolio
—
Their contribution since entry
—
weight × since-entry return
Rest of book contribution
—
| Symbol | Company | Weight | Entry | Since entry | YTD | Contribution since entry |
|---|
Alpha Zone = top 10 companies by composite, refreshed daily. Contribution = portfolio weight × year-to-date return.
OUR TEAM
Three people plus proprietary technology. The whole desk in one room.
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Steven Tuchner
CEO & Chief Investment Officer
30 years investing across global markets. Built the model. Makes every position decision.
Ornella Gubiani Parker
Chief Operating Officer
Fund administration, operations, investor reporting. Independent of investment decisions.
Clement Messere
Business Development & Client Relations
Manages institutional and private client relationships. 10-year partnership with Triumph.
The Visualizer
24-hour research department
Scores every company every morning. Watches every holding around the clock. Surfaces fresh ideas every day.
FUND TERMS & CONTACT
Simple terms. Aligned interests. One call to get started.
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FUND TERMS
StructureL.P.
Mgmt Fee1.5%
Perf Fee20% over hurdle
HurdleZero
Lock-upN/A
LiquidityMonthly subscription and redemption
AuditMNP
Fund AccountingSGGG
Prime BrokerGoldman Sachs
LegalBorden Ladner Gervais LLP
CONTACT
Steven Tuchner
Founder & CIO
info@triumphasset.com
www.triumphasset.com
416-366-1947
1806 - 2 Bloor Street West
Toronto, ON M4W 3E2