Cusana Capital

Cusana Capital is a partner-owned investment boutique established in 2022; its UK limited liability partnership was incorporated on 23 February 2022. The firm was founded by Robert Marshall-Lee and Jos Trusted and is based in London.

Cusana manages long-only, concentrated portfolios of publicly listed emerging-market companies through Irish fund vehicles. Its approach is fundamental and research-intensive, with investments held for the long term and selected without reference to benchmark weights.

The firm is especially focused on company quality: corporate governance, minority-shareholder protection, earnings compounding and long-term capital appreciation. Robert Marshall-Lee leads the investment team and has 20 years of emerging-markets investing experience.