Hedge Fund Awards 2015

Hedge Fund Awards 2015 www.acquisition-intl.com 24 Auscap Long Short Australian Equities Fund Auscap Asset Management Pty Ltd Auscap’s vision is to create a leading funds management business that has a reputation for consistent outperformance, strong risk management, a positive culture and integrity. Matthew Parker, Principal and Portfolio Manager and Co Principal and Portfolio Manager, Tim Carleton. tells us more Auscap is a value-based, long biased Australian equities fund man- ager. “We are primarily focused on finding good companies with a history of delivering strong returns on invested capital that are trading at low price to sustainable cash flow ratios,” says Matthew Parker, Principal and Portfolio Manager. “While markets are in a constant state of flux, there are always opportunities for value based investors such as Auscap to assess.” The firm’s success comes down to the management team’s expertise and a firm set of investment principles, Parker says. “We have an experienced team who are focused on wealth creation and capital preservation in equal part. We have strict investment criteria and are disciplined about where we deploy capital. Importantly the interests of the manager and investors are aligned through significant co-invest- ment in the fund by the Auscap principals.” Among the firm’s USPs is its newsletter, Parker says. “Auscap produc- es a newsletter that we would like to think is somewhat differentiated. We spend a few pages each month discussing our view on a subject that has been topical in the market or media recently. We hope the newsletter gives our current and prospective investors an insight into, and comfort around, the way that we think and invest. We want to attract like-minded investors for a long period of time.” The Australian financial market is the 8th largest in the world, the 2nd largest in the Asia Pacific and Australian GDP ranks 12th in global terms. Despite its size, the domestic market is heavily exposed to a few critical sectors such as financial services and mining, says Parker. “As the economy transitions away from the mining led investment that has been particularly dominant over the last decade toward the east-coast based domestic service and manufacturing sectors there will be some sectors witnessing considerable expansion while others are contracting. With the pool of capital exposed to domestic equities destined to continue its growth trajectory, due to mandatory superan- nuation, we think this dynamic will create meaningful opportunities on both the long and short side over the coming years. Despite this there are few long short funds of significant size that operate purely within the Australian market.” Tim Carleton believes that, today, both international and domestic in- vestors are increasingly looking at absolute return as the true measure of performance. “This focus is pronounced given the ageing profile of most developed nations, with investors focused on capital preservation and risk as much as an investment’s potential returns. In Australia there has been an explosion of self-managed super funds (SMSFs). With interest rates at record lows these SMSFs are increasingly looking at hedge funds as a viable option for delivering returns with lower than market volatility.” The firm recently achieved success in the Acquisition International Hedge Fund Awards. “We are excited and humbled to have been named winner of the Best Long Short Equities Hedge Fund - Australia award,” Carleton says. “It has been a strong year of performance for the Fund and we hope to continue to deliver strong risk adjusted returns for our investors. We are thankful for the support of our inves- tors, service providers and the financial community.” n “ We are excited and humbled to have beennamedwinner of theBest Long Short Equities Hedge Fund - Australia award. It has been a strong year of performance for the Fund and we hope to continue to deliver strong risk adjusted returns for our investors. We are thankful for the support of our investors, service providers and the financial community. ” Company: Auscap Asset Management Pty Ltd, Address: Level 24, 9 Castlereagh St, Sydney, NSW 2000 Australia Phone: +61 2 9238 8298 Email: [email protected] Web: www.auscapam.com Fact File Auscap Long Short Australian Equities Fund