Meet the manager

Auscap Asset Management is a value based equities manager founded in 2012. Auscap manages the Auscap Long Short Australian Equities Fund and the Auscap Global Equities Fund, both of which target solid absolute risk-adjusted returns, looking to invest in companies that generate strong cash flows and are trading at attractive prices. The investment team has over 80 years of combined experience in the financial services industry from leading investment managers and global investment banks. The principals are significantly co-invested in the Auscap funds.

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Is Negative Sentiment Creating Opportunities?

July 2019 Newsletter | Recently there has been considerable focus in the press and across the investment community on the state of the Australian economy. Most of this attention has been focused on the negatives. Very little is being said about what ... Read more

Should We Be Borrowing More?

June 2019 Newsletter | With the backdrop of the current low interest rate environment, where the ten-year Australian Government bond is yielding 1.37% and the recently offered 30-year Australian Government bond is yielding under 2.4%; It raises an ... Read more

Mistaking Value Investing For Buying Low PE Stocks

May 2019 Newsletter | In this newsletter we explain our approach to value, our relative confidence in ensuring that we are buying at a reasonable discount to fair value when we invest and why the Auscap Fund portfolio typically ends up with a lower ... Read more

A Long Term Approach To Investment

April 2019 Newsletter | As the father of value investing, Benjamin Graham, stated “in the short run, the market is a voting machine but in the long run, it is a weighing machine”. And the thing being weighed in the long run is earnings. Taking a long ... Read more

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

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