Our Investment Philosophy

Our investment philosophy is founded on the belief that capital markets are not fully efficient and our aim is to identify stocks that are trading at less than their historic fair value by adopting a relative value approach combined with rigorous fundamental research.

Core manager  We are a “core” or “flexible” manager as our investment process is designed to add value in all market conditions. 

Bottom-up bias  Much of the added value we create comes from stock selection.  We believe a disciplined stock selection process allows us to find value amongst companies of all sizes, growth and dividend characteristics.

Locally based teams  Our investment process is structured to maximise our natural competitive advantages and relies heavily on the insight we gain from our locally based portfolio managers and research analysts.  Today, about 70% of the research and analysis we rely on for investment decisions is generated in house.