Investment Process
Idea generation
The first step of our investment process is idea generation. We find investment opportunities via a quantitative screening process, continually scanning the market for opportunities, through our macro and cycle analysis, as well as through our monitoring of current events, demographics and technological advancements.
Screening
Once an idea is identified, the analyst does a one pager summary of the idea that is presented to other members of our investment team.
Evaluation
Should the idea be a compelling investment case, we perform a deep dive fundamental analysis and valuation, covering key drivers of the business and industry, competitive environment, prospects, market expectations and downside analysis We utilise a DCF in our analysis to determine our intrinsic value. The analyst presents their investment thesis to the investment team, who will vote on the investment idea, considering other opportunities presented to it.
Execution
Once an investment idea has been accepted, the portfolio manager will build a position in the instrument, by adding it to the portfolio. Portfolios are constructed on a high-conviction basis, ensuring that our portfolios represent the highest expected risk adjusted return ideas at any point in time.