The Manager's investment philosophy is to invest either directly, jointly or on behalf of clients in:
listed and unlisted companies with attractive business characteristics and the potential for future growth, with the investme nt at a discount to the Manager's assessment of their intrinsic value; and/or capital market products, including Australian and international equities, government and corporate bonds, share indices, currencies, commodities and derivatives.
The Manager adopts a number of strategies including global macro, large and small capitalisation Australian equities and derivatives, when building portfolios and managing funds for its clients.
The Manager believes that an effective way to generate returns, remain liquid and protect downside risk is to employ a global macro investment strategy, and to identify imbalances in valuations across domestic and global markets.
Global macro investment strategies utilise fundamental information and economic theory on key inputs including economic growth, inflation, interest rates, currency movements, global imbalances and changes in commodity prices to formulate forecasts and trends for different investment markets.
The Manager believes that an effective investment strategy requires a global approach because markets are interdependent with the actions of investors, central bankers, consumers and policy makers in one market having flow on effects, actions and reactions across many markets.