Meet the manager

Auscap Asset Management is a value-based Australian equities manager founded in 2012. Auscap manages the Auscap Long Short Australian Equities Fund which targets solid absolute risk-adjusted returns, looking to invest in companies that generate strong cash flows and are trading at attractive prices. The Portfolio Managers have over 30 years of combined experience in the financial services industry, previously managing Australian equities long/short portfolios at leading global investment banks and are heavily invested in the Fund.

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The Residential Construction Contraction Conundrum

March 2019 Newsletter | Can Australia handle a contraction in residential construction? This is the question perplexing many market commentators. There is an adjustment occurring in the residential property market. In this newsletter we examine the ... Read more

A Value Investor’s Perspective On Digital Disruption

February 2019 Newsletter | “Digital disruption” has been a catch-cry for new technology companies that are challenging established and traditional business models. Understanding broadly how disruption works, what opportunities there are to take ... Read more

Is There Value In Value Investing

January 2019 Newsletter | We believe that buying companies for less than they are worth is the best approach to long term value creation. This typically occurs when the market is negatively predisposed, focused on short term issues that are likely to ... Read more

Market Observations In Turbulent Times

December 2018 Newsletter | A cocktail of events has led to a reasonably large liquidation of positions in the Australian market. The selling has been unusually indiscriminate. Expensive stocks have been sold down. But so have shares in companies we ... Read more

Portfolio Update & Opportunities From Volatility

November 2018 Newsletter | In this newsletter we discuss the performance of the portfolio over the last three months. In our experience, negative markets tend to drag down most stock prices, in the short term, somewhat irrespective of the underlying ... Read more

The Shareholder Conundrum – Agency Risk

October 2018 Newsletter | The agency dilemma is the risk that management of a company, consciously or subconsciously, uses its position to benefit itself rather than the shareholder base. In this edition we discuss this risk in detail, and why the ... Read more

Auscap Fund rated ‘Recommended’ by Lonsec

The Auscap Long Short Australian Equities Fund has been assessed by Lonsec again and retained its 'Recommended' rating. The full Lonsec report can be accessed here. Lonsec Product Rating: Recommended ... Read more

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