Johannesburg, 10 August 2021. Laurium Capital is excited to announce the launch of the Laurium Global Active Equity Fund today, a Section 65 approved fund domiciled in Mauritius.
Laurium has been investing in global markets for many years as a key component of their multi-asset franchise with Murray Winckler leading the team on global strategy, given his previous experience as head of global markets (equity and debt) at Deutsche Bank.
In December 2020, Laurium acquired Tantalum Capital with the primary objective to strengthen the combined efforts of the teams across multi-asset portfolios, with an emphasis on global equities and fixed income. The Tantalum team, led by Rob Oellermann, had been building its global equity capability, which complements Laurium’s efforts in this area. The Laurium Global Active Equity Fund will be managed by Rob with support from the rest of the combined Laurium team.
Rob has more than seven years of experience investing in global equities. Prior to founding Tantalum Capital, Rob was at Coronation Fund Managers for nearly eight years. As part of his career at Coronation, he spent eighteen months in the Dublin and London offices of Coronation, analysing European equities and managing the Coronation European Growth Fund. After his return to the Cape Town office in 2001 he was appointed as Head of Research. Rob started his career in 1994 at Allan Gray as a quantitative and fundamental equity analyst.
The Global Active Equity Fund is an actively managed, concentrated portfolio of global equities that aims to outperform the MSCI All Country World Index (ACWI) over the long term. The Fund invests in company shares, selected bottom-up based on fundamental research and valuation. The research process that underpins the management of the fund is aligned with the greater Laurium equity research methodology and includes top-down and thematic idea generation.
Stock selection flows from a combination of quantitative screening and qualitative identification arising from research of globally relevant peer companies within the SA and emerging markets, narrowing the universe to around 150 eligible companies that form the focus for fundamental research.
The investment process is geared towards identifying higher quality companies that generate positive and growing returns on invested capital, and yet trade at an attractive valuation. We identify 20-25 stocks which offer the most compelling long-term value, to create a concentrated, high conviction portfolio. Portfolio construction is unconstrained by reference to either geography or benchmark and position sizing is based purely on a combination of the expected return from each position and the degree of confidence and conviction gained from the investment research process. Laurium’s modest base of assets allows the manager to include special situations and shorter-term trade ideas without compromising the core long term focus of the Fund.
The Fund launches with $20m in assets which comes from multi-asset allocations which the Laurium team manages along with Laurium staff and high net worth individuals. The Fund has a minimum investment of $5,000 and is open to retail investors.
For more information, please contact Laurium on ir@lauriumcapital.comLaurium Capital (Pty) Ltd is an authorised financial services provider. FSCA No. 34142.
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