Investment philosophy

Our global equity team aims to achieve long-term capital growth through investing in equities worldwide. We believe that the best way to consistently outperform the global equity market is through stock selection, not asset allocation.

Our global equity product is based on a bottom-up approach to research. We seek to create focused portfolios from a wide universe of stocks spanning multiple sectors and countries. We favour companies that are well managed, have a competitive advantage, and are increasing their market share in growing markets. From these companies we seek out those that are undervalued and mis-priced by the markets.

We generate ideas by combining regular company visits with sophisticated screening techniques. Rigorous fundamental analysis is carried out by our sector specialists, who employ a variety of proprietary and advanced analytical tools. We aim to reach a detailed understanding of a business by forecasting how it is likely to develop, identifying any potential growth catalysts, and assessing any related risks and sensitivities. 

Researched stocks are then ranked according to these characteristics. Best ideas are assembled into a concentrated portfolio with due regard given to managing any unintended asset-allocation risks. Risk management is an important part of our process. It enables us to construct high conviction portfolios that we expect will deliver superior risk-adjusted returns.

Based in a single location, our experienced investment team’s incentivisation is based on fund returns, aligning the team’s interests closely with those of its investors.