The Utopia fund does a lot of tire kicking-literally. One of Sutherland's analysts even went to a dealership and test-drove the pricey and sought-after Italian motorcycle by Ducati before the fund started buying the company's stock. "We do research at the consumer level and think great products make great companies," the fund manager says.
Another company that has caught Sutherland's eye is India Hospitality, which builds hotels throughout India. The country has 1 billion people, is increasingly a mecca of tourism and has very few affordable hotel rooms. "It's a huge open market, and we like it," Sutherland says.
"We're a go-anywhere, value-oriented fund with no limits on market caps, and we're starting to see a lot of bargains out there," he concludes.