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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Indicators For Optimism In The Australian Economy

October 2019 Newsletter | Is Australia finally due a recession? While the future is unknowable, and undoubtedly a domestic recession will occur at some point, there are presently reasons to be optimistic about the outlook for the Australian economy. ... Read more

Dealing With Volatility

September 2019 Newsletter | As an investor there are times when your style is in and out of favour, there are times when you get an unusual number of good or bad bounces, and there are times when it is simply unclear why the market is responding in ... Read more

Analysing FY19 Fund Returns

August 2019 Newsletter | In this edition we provide a candid assessment of the Fund's performance in the prior financial year. Just as we do every year, we use the August Newsletter to delve more deeply not only into the attribution of the returns to ... Read more

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

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