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About Us

About Us

CDAM is an independent, privately owned investment management firm based in London. Since 2006, CDAM has applied a long-term, value-orientated and counter-cyclical approach to investing in developed-market equities on behalf of an institutional client base.

CDAM’s investment philosophy is simple: through rigorous stock selection we aim to build a concentrated portfolio of compelling returns for our clients. We are broadly focused on two areas:

  1. Investing in quality, growing businesses for the long term.

  2. Traditional value stocks.

Our equity portfolio is offered to clients as a long-only or hedged solution.

We are trying to prove ourselves wrong as quickly as possible, because only in that way can we find progress.
—  Richard P. Feynman.

Our Values

Our Values


We aim to simplify our thinking to first principles.


We never forget it’s your money and what it means to you.


We believe ourselves to be open and work in that way.


We alone are accountable.

When values are clear, decisions are easy.
— Roy E. Disney

Our Team

Our Team
Be true to yourself. Make each day a masterpiece. Help others. Drink deeply from good books. Make friendship a fine art. Build a shelter against a rainy day.
— John Wooden

Founder & CEO

Adam Chamberlain

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Adam founded CDAM, with former JP Morgan colleague Scott Davies, in April 2006. Adam joined JP Morgan’s graduate trainee programme in 1989 after gaining First Class Honours in Banking and International Finance from City University Business School.

Over the next 13 years he worked in a variety of roles for JP Morgan both in London and New York.

His experience included Money Markets, Credit, Government, Swap and Option markets. In 2002 he joined Barclays Capital in New York, helping them develop and then consolidate their foothold in the US market, before returning with his family to London to launch CDAM.

Founder & CIO

Scott Davies, CFA

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Scott founded CDAM in April 2006 with former colleague Adam Chamberlain. Prior to forming the investment manager, Scott spent four years as Senior Portfolio Manager for the proprietary investments at Manulife Financial. Previous to this Scott was a Vice President of Proprietary Trading at TD Securities Inc. from April 1999 until November 2001. From 1991 to 1999 Scott worked primarily in Toronto and London in the fixed income capital markets at J.P. Morgan.

Scott earned the professional designation of Chartered Financial Analyst (CFA) in 1994. He is registered with the CFA Institute and is a member of the London Society of Financial Analysts.

He graduated from Trinity College at the University of Toronto with a Bachelor of Commerce, with a specialist in Finance and Economics.

Head of Marketing and Investor Relations

Tora Birgitte Carlsen


Tora joined CDAM in 2019 as Head of Marketing and Investor Relations. She joined from Sector Asset Management where she was responsible for global distribution.

Tora has spent the past 7 years in a capital raising capacity with a particular focus on the US E&P market. Before Sector, Tora worked at Mako Global investors where she was responsible for global business development and investor relations; and before this spent several years working in fixed income derivative sales for UBS, Merrill Lynch and SEB.

Tora started her career in M&A at HSBC in London in 2001. She holds an MSc in International Finance from SKEMA Business School, Sophia Antipolis and a Bachelor of International Finance from Griffith University, Brisbane.

Portfolio manager

Chuck Chmura

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Chuck joined CDAM in September 2013. Previously he was an Investment Analyst at Matco Capital Ltd, a private investment firm focused on energy investments within Canada.

Prior to this, Chuck began his career at National Bank Financial in Calgary, Canada.

Chuck graduated in 2006 with a B.Comm from the University of Alberta before moving to London to complete a Masters in Finance at London Business School in 2013.

Senior Analyst

Dr Cyrus Jahanchahi, CFA

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Cyrus joined CDAM in October 2015. Cyrus graduated with first class honours in 2009 from Imperial College London with a Masters in Electrical and Electronic Engineering.

He obtained his PhD in Signal Processing from Imperial College in 2014, winning the 2014 Eryl Cadwalade Davies Prize for best doctoral thesis. Cyrus earned the professional designation of Chartered Financial Analyst (CFA) in 2019. He is registered with the CFA Institute and is a member of the London Society of Financial Analysts.

Prior to joining CDAM, Cyrus worked at Grove Capital Management, a distressed debt buyer specialising in IVAs and non-performing loans in Spain.

Operations Analyst

Anastasia Bargan


Anastasia joined CDAM in June 2019. Previously she worked as an Assistant Trader at INTL FC Stone and Research Analyst at GFI Securities. Anastasia graduated in 2016 with a Master of Science in Finance from Cass Business School.


Tanya Taylor

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Tanya joined CDAM in September 2016. After completing her MA at the University of Bristol, Tanya worked at Sotheby’s as PA to the Chairman of Sotheby’s Asia and as a Senior Administrator within the Old Masters department.

Her most recent position was Practice Manager at accountants and tax advisers The Wyatt’s Partnership.

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George joined CDAM in April 2015. George was previously Head of Sales Operations at Towry Ltd, a UK Financial Advice and Investment Management firm managing approximately £10 billion of retail client assets.

George held several senior manager roles at Towry, joining them in 2010 after winning a scholarship to study for an International Executive MBA at ESCP Europe.

Prior to Towry, George was Director of Sales at Image Source Ltd, responsible for revenue made by Image Source offices in the UK, Germany and the US, and by a distribution network of approximately 175 companies in over 50 countries.

George graduated from Cambridge University with a 2:1 in 2000.

Non-exec Chairman

Lord Mayor Elect William Russell

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William was appointed Chairman of CDAM (UK) Ltd in September 2014. He was previously with First Boston from 1987 to 1992 and Merrill Lynch from 1992 to 2006, working in New York, Hong Kong and London, where from 1999 he held the position of MD Head of US Sales in Europe.

Passionate about education, in 2006 William co-founded Knightsbridge School, of which he is past Chairman. He is also a Governor of the City of London School for girls and on the board of the Guildhall School for Music and Drama. He is on the board of Innovate Finance, a not-for-profit independent membership association that represents the UK’s global FinTech community.

He is Deputy Chairman of mental health charity Place2Be and is past Chairman of Prostate Cancer UK.

Since March 2013 has been an Alderman of the City of London, and subject to election he is due to be Mayor of the City of London in 2019-20.