Hunter Field International Fund (Long / Short Fund)
The investment objective is to achieve superior risk adjusted returns (before taxes) over the medium to long term:
- which are uncorrelated to the rise and fall of the equity market;
- by profiting from both ‘Long’ and ‘Short’ investment opportunities; and
- with an emphasis on capital preservation.
Over the medium and long term, the expectation for investment returns is that this conservative investment approach will outperform the return achieved by bank deposits and equity market indices when they move sideways, increase modestly, and fall. However, this investment strategy may not keep up with equity market indices when they increase strongly. The size of total Long and Short investments will often be similar which helps protect investor funds from market corrections. There is no guarantee that this objective will be achieved.
Hunter Field Global Fund (Long Only Fund)
The investment objective is to achieve returns (before taxes) in excess of the MSCI All Country World Net Index over the medium to long term. There is no guarantee that this objective will be achieved.
Investment opportunities arise from the market mispricing companies primarily due to:
- the inconsistent methods adopted by companies to report profits;
- the inconsistent methods adopted by companies when providing earnings guidance; and
- the investment community applying similar valuation multiples to profits which vary enormously in terms of quality and the potential to recur.
Hunter Field focuses on assessing a company’s true worth, and being able to see through the opacity and on occasion, hype created by companies and the market. Hunter Field does not adopt the ‘buy and hold’ investment strategy of seemingly ‘blue chip’ companies, which is often adopted by other investment managers and individual investors. The ‘buy and hold’ strategy inevitably introduces unnecessary risks into investment portfolios.
Hunter Field is focused on identifying the catalysts for a change in a company’s valuation. The aim being to maximise the Internal Rate of Return on investor funds by exposing capital only during periods when valuations are changing and for the shortest time possible. Identifying catalyst events and their timing also plays an important role in determining how Hunter Field will allocate investor funds between competing investment opportunities.