A primer on a chosen sector
Industry structure, competitive dynamics, and the names worth following.
Investment research, run in the open.
Alvermont publishes equity analysis and portfolio risk work alongside a live paper-trading book — every position accompanied by the thesis and the risk that justify it.
The work that informs serious capital allocation — the written thesis, the modelled scenario, the carefully bounded risk — is rarely shown to anyone outside the firms that produce it. Alvermont is a deliberate attempt to do that work in public. We run a paper portfolio, document the reasoning before each position is opened, and publish the risk profile of the book as it changes.
The division of labour follows our professional roles. George Miller is an Investment Analyst at Cooper Family Office and was previously a Junior Analyst in Equity Research at Morgan Stanley; he covers single-name equities and writes the fundamental research. David Sheshaberidze is Vice President at Lynam Partners and a Quantitative Analyst at Imperitón, and has managed a live fund trading real capital; he runs portfolio risk and quantitative analysis. Each piece is signed by the analyst responsible.
We hold no client accounts and accept no commissions. Everything here is published for educational purposes — not as advice, a recommendation, or a solicitation.
David Sheshaberidze & George Miller