“BlueAlpha gives you the opportunity to invest with an award-winning team. We specialise in equity investment – both South African and global – and offer investment options for both the institutional and individual investor.
– BlueAlpha”
SELECT FR WORLDWIDE FLEXIBLE FUND Managed in partnership with BlueAlpha Investment Management
6 Investment Professionals
AUM R7.5 Billion
>15 Years Investment Track Record
Background
BlueAlpha Investment Management is an independent, award-winning investment manager established in 2003, with more than two decades of experience managing South African and global equity portfolios. The firm specialises in active equity investing and provides investment solutions to both institutional and individual investors.
Investment Philosophy
The Select FR Worldwide Flexible Fund is a global multi-asset flexible portfolio that aims to provide investors with stable long-term capital growth in excess of the portfolio’s benchmark. BlueAlpha follows an active, fundamental investment approach focused on identifying high-quality opportunities across local and offshore markets where long-term value is not fully reflected in market prices.
The Fund may invest across local and offshore equities, property shares and property-related securities, permitted financial instruments and derivatives, non-equity securities and assets in liquid form. Asset allocation is actively managed and reflects the portfolio manager’s view of the relative attractiveness of equity, property, bond and money markets. Opportunities are identified through quantitative screening and bottom-up fundamental research, with portfolios constructed from high-conviction ideas while managing diversification and risk.
Investment Process
Finding new investment ideas: The firm uses a screening process which is aligned with their investment philosophy. For example, they will seek relative earnings strength and avoid relative earnings weakness.
Fundamental research: Extensive stock and industry analysis is done to understand the operational and financial drivers of prospective investments. This includes understanding economic value creation and returns.
Portfolio construction: An initial portfolio is constructed from equally-weighted bottom-up stock ideas. Stocks typically have a 4-6% individual weight. The managers are cognizant of the macro environment and determine the appropriate style tilt for the current environment rather than trying to predict macro factors. They understand and monitor the correlation between the ideas within the portfolio.
Risk control and removal of underperforming ideas: At the point of a stock entering the portfolio, the main driver for the investment idea to work is clear. BlueAlpha monitor key drivers and remove underperforming ideas or holdings where the investment case has played out as anticipated.
CORE INVESTMENT TEAM
Richard Pitt
Gary Quinn
Walter Jacobs
| Team member | Position | Qualifications | Years’ experience |
|---|---|---|---|
|
Richard Pitt |
Director, CEO, Portfolio Manager |
B Bus Sci, CFA |
> 25 |
|
Gary Quinn |
Portfolio Manager |
B Sc, MBA |
> 25 |
|
Walter Jacobs |
CIO, Portfolio Manager |
B Com (Hons), CA (SA) |
15 |