Knowledge Leaders Capital

About Us

Knowledge Leaders Capital is a US-Registered Investment Advisor based in Denver, Colorado. The firm identified the Knowledge Effect – the tendency of highly innovative companies to generate excess returns in the stock market — and created the first investment methodology that seeks to capture those excess returns. The Knowledge Leaders investment products seek to transform these excess returns into portfolio alpha for investors. Knowledge Leaders Capital is creator, designer and manager of the Knowledge Leaders Strategy, Knowledge Leaders Indexes, investment products and separate accounts. Learn more about the academic foundations of the strategy here: Knowledge Effect

Investment Strategy

The Knowledge Leaders Strategy seeks to transform the Knowledge Effect into portfolio alpha. We identify Knowledge Leaders, or highly innovative companies, by measuring a company’s investment in its future growth. Knowledge Leaders possess deep reservoirs of intangible capital as a result of their history of investing in knowledge-intensive activities like R&D, brand development and employee education. Developed by founder Steven Vannelli and based on decades of academic research, our proprietary model adjusts a company’s financial history to capitalize these investments and reveal the companies with the greatest knowledge intensity. The companies that pass our quantitative Knowledge Leaders screen comprise the Knowledge Leaders Indexes, the first indexes designed to capture the Knowledge Effect. We look for the best opportunities among Knowledge Leaders for investment by our actively managed products. 

Our Team

Steven Vannelli, CFA

Founder, CEO & CIO
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Mike Block

COO & Head of Institutional Sales
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Jill Rakowski

Chief Compliance Officer
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Bryce Coward, CFA

Portfolio Manager
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Shawn Paulk

Head of Distribution
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Jessica Kardos

Trader & Operations Manager
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Amy Reardon

Head of Marketing & Communications
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Jordan Weber

Marketing Specialist
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News

March 17, 2017

Gavekal Capital is now Knowledge Leaders Capital – a letter from our CEO

 

December 12, 2016

50 Twitter accounts for investors to follow in 2017

 

August 29, 2016

Gavekal Capital Adds New Knowledge Leaders Indexes

 

August 15, 2016

Gavekal Knowledge Leaders Developed World ETF Outperforms in First Full Year


January 20, 2016

Gavekal KL Allocation Fund Receives 5-star Morningstar Rating


October 21, 2015

Top 1% in Morningstar Category: Gavekal KL Allocation Fund Marks 5 Years

 

July 13, 2015

ETF Trends: Accounting for the Knowledge Effect in a new Developed Markets ETF


July 9, 2015

Barron’s: A Pair of ETFs to Play the Accounting Quirks of Innovation

 

May 11, 2015

Kurzweil Accelerating Intelligence: The Knowledge Effect – Excess Returns of Highly Innovative Companies

 

September 17, 2014

Gavekal Capital Unveils New Innovation Indexes


August 14, 2014

WSJ names Gavekal Capital in “50 Financial Twitter Feeds You Must Follow”

 

 

The information presented here is for informational purposes only and should not be construed as an offer to sell, or the solicitation of an offer to buy securities. Some investments are not suitable for all investors and there can be no assurance that any investment strategy will be successful. Any links  included will provide direct access to other internet resources, including websites. While we believe these links are to reliable sources, Knowledge Leaders Capital has no control over the accuracy or content of information on these sites. The entirety of the commentary is included in the linked sites referenced above.

Firm History

2017

Firm rebrands to Knowledge Leaders Capital, an independent US Registered Investment Advisor

2016

Founder Steven Vannelli acquires majority interest in the firm

 2015

Firm launches Knowledge Leaders Developed World ETF (KLDW)

 2014

Firm introduces Knowledge Leaders Indexes, the first family of indexes designed to track highly innovative companies

 2010

Firm launches Gavekal KL Allocation Fund (GAVAX, GAVIX)

 2006

Based on academic research, Steven Vannelli creates first Knowledge Leaders models for adjusting company financial statements to account for intangible investments

 2006

Founder Steven Vannelli establishes Gavekal Capital in Denver, Colorado