About Us
Our philosophy, our principles, and our partnership.
Ganetika Capital Partners
Ganetika Capital Partners is a private investment partnership focused on the long-term ownership of high-quality businesses. The partnership invests in both Indonesian and global markets, seeking opportunities where price and value diverge. Our approach is rooted in sound business judgment, disciplined capital allocation, and a genuine partnership ethos. Ganetika Capital Partners currently consists of one General Partner and four Limited Partners.
Structural Alignment
The Partnership Structure
Unlike traditional fund managers who separate their own wealth from their clients, Ganetika is structured so that the General Partner and our four Limited Partners invest side-by-side in the exact same fund.
Gantan Etika Murty
Personal Capital Committed
The Ganetika Fund
The Single Investment Pool
All partner contributions are merged into a single partnership pool. There are no separate classes, priority allocations, or tiered structures.
Identical Portfolio Ownership
GP and LPs own exact proportional shares of every underlying business investment.
Zero Principal-Agent Conflict
We succeed only when our partners succeed. We eat our own cooking.
Concentrated Business Focus
Deploying our shared capital into high-quality businesses with long runways for profit creation.
Our Core Principles
Instead of treating stocks as paper tickers, we see shares as fractional ownership of real businesses across geographies and industries—positioned to harvest the long-term growth of global capitalism.
Disciplined Approach
We invest with a focus on intrinsic value and a clear margin of safety. Every decision is guided by business fundamentals, sound reasoning, and an insistence on rational capital allocation.
Long-Term Horizon
We think like business owners, not traders. Our goal is to hold outstanding companies that can compound value for decades, allowing time and quality to do the heavy lifting.
Partnership Mindset
We treat our partners’ capital as our own. The General Partner invests alongside the Limited Partners, ensuring alignment of interests and a shared commitment to long-term results.
Local and Global
While based in Indonesia, our search for value knows no borders. We invest where enduring businesses and sensible prices meet—whether at home or abroad.
About the General Partner
Gantan Etika Murty
Founder & General Partner
Gantan holds an Honours degree in Electrical-Mechatronics Engineering from UTM and a Master’s in Management from Imperial College London. He began investing in 2021, guided by a long-term, fundamentals-focused philosophy shaped by the teachings of disciplined investors such as Warren Buffett, Charlie Munger, Philip Fisher, Howard Marks, Peter Lynch, Joel Greenblatt, Seth Klarman, and Li Lu.
Phone
(+62) 818-0808-6808Proprietary Performance
Founder’s Track Record
Historical performance of personally managed proprietary capital prior to and alongside fund operations.
| Year | Portfolio A | Portfolio B | S&P 500 TR (SPXTR) | Note |
|---|---|---|---|---|
| 2021 | +38.90%† | — | +28.70% | † Portfolio A commenced on 12 Jul 2021. Its 2021 return covers 12 Jul–31 Dec 2021, while the SPXTR column shows the full calendar-year return. SPXTR over the same partial period returned +9.40%. |
| 2022 | -38.06% | — | -18.10% | |
| 2023 | +83.94% | — | +26.30% | |
| 2024 | +25.10% | -16.26%‡ | +25.00% | ‡ Portfolio B commenced on 23 Feb 2024. Its 2024 return covers 23 Feb–31 Dec 2024, while the SPXTR column shows the full calendar-year return. SPXTR over the same partial period returned +16.93%. |
| 2025 | +88.95% | +95.96% | +17.90% | |
| 2026 YTD (to 31 Jul) | +14.40% | +19.76% | +10.10% | Through 31 July 2026. Benchmark covers same 1 Jan–31 Jul 2026 period. |
| Cumulative Return | +327.92% | +96.52% | +116.01%* | * SPXTR market reference covers 1 Jan 2021–31 Jul 2026 and therefore does not share the portfolios’ respective inception dates. See matched-period comparison below. |
| Annualised Return | 33.35% | 31.97% | 14.79%* |
Matched-Period Benchmark Comparison
Each portfolio compared with the S&P 500 Total Return Index over the exact same investment period.
Portfolio A
Portfolio B
Notes & Calculation Methodology
- Time-Weighted Return (TWR): Performance figures are calculated on a Time-Weighted Return basis to neutralise the impact of capital additions and withdrawals.
- Inception Periods: Portfolio A commenced on 12 July 2021. Portfolio B commenced on 23 February 2024. First-year portfolio figures therefore represent partial-year performance.
- Calendar-Year Benchmark: Annual SPXTR figures in the main table represent full calendar-year returns for market context, except 2026 YTD. For inception years, matched partial-period benchmark returns are disclosed separately.
- Annualisation: Annualised returns are calculated from cumulative TWR using an actual/365.25 day-count convention from each portfolio’s inception date through 31 July 2026.
- Benchmark: The comparative index is the S&P 500 Total Return Index (
SPXTR), which incorporates gross dividend reinvestment. - Matched-Period Comparison: The dedicated comparison section uses SPXTR returns calculated over the exact same dates as each respective portfolio.
- Proprietary Capital Disclaimer: The returns shown reflect the founder’s personal proprietary account management prior to and alongside formal partnership operations. These portfolios were not fee-charging investment mandates. Historical personal performance is provided for track-record transparency and does not guarantee future strategy results.