Go back 20 years and consensus said that managing international equity portfolios from Australia was just too difficult.
Bob Desmond and his team at Claremont Global are proving that is yesterday’s thinking. Starting from scratch in 2012 the business has grown to over $1 billion and the style of picking the eyes out of quality growth has been able to outpace global markets.
Desmond grew up in Rhodesia, the southern African country that was renamed Zimbabwe in 1980. He studied economics in Western Australia before heading back to his homeland to start working in markets.
Life became difficult under the Mugabe regime and Desmond packed his bags and headed to London where his world view opened before his eyes. It was here that he developed his quality growth strategy for stocks.
Always keen to relocate to Australia, Desmond got the green light for his migration in 2008 just in time to sidestep the worst of the GFC. He kicked off his career at financial group Evans and Co. Four years later Desmond and his colleagues set up Claremont Global.
Desmond has used his vast experience garnered on three continents to identify the best growth stocks on the globe. He does not believe in too much diversification and thinks excessive trading is counterproductive.
Tune in to the latest episode of Success and More Interesting Stuff to learn about Desmond's unique style of investing and some of the companies in the concentrated Claremont Global Fund.
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Matthew is the Principal and Portfolio Manager at Centennial Asset Management. Prior to this, Matthew was the CIO at Wilson Asset Management between 1998 and 2011, achieving 18% p.a. over the period.
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The information on this page may contain general advice. Any general advice provided has been prepared without taking into account your objectives, financial situation or needs. Before acting on the advice, you should consider the appropriateness of the advice with regard to your objectives, financial situation and needs. Past performance is not a reliable indicator of future performance. Claremont Funds Management Pty Ltd is the Investment Manager (ACN 649 280 142, ABN 38 649 280 142, CAR No. 001289207) for the Claremont Global Fund (ARSN 166 708 792) and Claremont Global Fund (Hedged) (ARSN 166 708 407), which are together referred to as the ‘Funds’. Equity Trustees Limited (ACN 004 031 298, AFSL 240957) (“Equity Trustees”) is the Responsible Entity of the Funds. For further information on the Funds please refer to each Fund’s PDS and Target Market Determination which is available at www.claremontglobal.com.au. A Target Market Determination is a document which is required to be made available from 5 October 2021. It describes who this financial product is likely to be appropriate for (i.e. the target market), and any conditions around how the product can be distributed to investors. It also describes the events or circumstances where the Target Market Determination for this financial product may need to be reviewed. This information may contain statements, opinions, projections, forecasts and other material (forward-looking statements), based on various assumptions. Those assumptions may or may not prove to be correct. The Investment Manager and its advisers (including all of their respective directors, consultants and/or employees, related bodies corporate and the directors, shareholders, managers, employees or agents of them) (Parties) do not make any representation as to the accuracy or likelihood of fulfilment of the forward-looking statements or any of the assumptions upon which they are based. Actual results, performance or achievements may vary materially from any projections and forward-looking statements and the assumptions on which those statements are based. Readers are cautioned not to place undue reliance on forward-looking statements and the Parties assume no obligation to update that information. Livewire gives readers access to information and educational content provided by financial services professionals and companies ("Livewire Contributors"). Livewire does not operate under an Australian financial services licence and relies on the exemption available under section 911A(2)(eb) of the Corporations Act 2001 (Cth) in respect of any advice given. Any advice on this site is general in nature and does not take into consideration your objectives, financial situation or needs. Before making a decision, please consider these and any relevant Product Disclosure Statement. Livewire has commercial relationships with some Livewire Contributors.
Livewire gives readers access to information and educational content provided by financial services professionals and companies ("Livewire Contributors"). Livewire does not operate under an Australian financial services licence and relies on the exemption available under section 911A(2)(eb) of the Corporations Act 2001 (Cth) in respect of any advice given. Any advice on this site is general in nature and does not take into consideration your objectives, financial situation or needs. Before making a decision please consider these and any relevant Product Disclosure Statement. Livewire has commercial relationships with some Livewire Contributors.
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Matthew is the Principal and Portfolio Manager at Centennial Asset Management. Prior to this, Matthew was the CIO at Wilson Asset Management between 1998 and 2011, achieving 18% p.a. over the period.
Matthew is the Principal and Portfolio Manager at Centennial Asset Management. Prior to this, Matthew was the CIO at Wilson Asset Management between 1998 and 2011, achieving 18% p.a. over the period.