Amit Wadhwaney was interviewed by Javier Sáenz de Cenzano, Partner at Azvalor, to provide information about his risk management style and investment philosophy.

All investments involve risk and may lose value. Past performance does not guarantee future results.

This interview is for general information purposes only and is not intended to be and should not be relied on for investment advice. The portoflio manager’s views and opinions in this discussion are as of November 12, 2025. Such views are subject to change and may differ from others in the firm, or the firm as a whole.

The information in this interview does not constitute an offer to sell or a solicitation of an offer to buy any securities. Any such offer or solicitation will be made only by means of the appropriate Fund’s confidential offering documents, including related subscription documents (collectively, the “Offering Documents”) relating to a particular Fund or investment management contract, and only in those jurisidictions where permitted by law, that will be furnished to prospective investors.

Any mention of specific securities is to illustrate our strategy and is not for performance reasons. Our strategy may or may not hold any securities discussed herein.

Moerus Capital Management LLC (Moerus) is not affiliated with Azvalor Asset Management.