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Offering a range of investment products to suit your needs

Our Services / Asset Management

International equities

Our international managed fund and managed discretionary account service are run by the International Equities team based in Sydney who follow a conservative approach described as traditional, fundamental value investing.

Concentrated portfolio of 15 investments

We are high-conviction managers with a portfolio of no more than 15 companies. While we don’t seek portfolio diversification through quantity of investments, we do value business breadth. We eschew companies that do business in a single geographic location.

Global bottom up approach

We consider ourselves true stock-pickers. Our investment process does not start with economic views or sector themes. We simply avoid owning businesses that depend on a benign or favourable economic environment. We want to own durable, all-weather businesses. We are happy to take a pass on new, exciting industries where the long term winner is far from certain and fast growth attracts competition to the detriment of profitability.

Quality and value

We look to own value-creating businesses at value prices, that rare intersection of quality and value. We believe there very few stocks that satisfy our demanding criteria. Rather than lower our quality and value threshold, we simply prefer to own a focused portfolio of our very best investment opportunities


Our starting point is protecting client capital. We believe rather than compromising returns minimizing losses is the foundation of a good investment outcome. Rather than accepting investment risk and hoping to get compensated for it we seek to avoid it. Each of our four investment principles seeks to reduce business risk; financial risk; management risk; and price risk.