How to generate high alpha without high concentration | Dr David Allen
Murdoch speaks with Dr David Allen, Plato Investment Managements Head of Long/Short Strategies & PM of the Plato Global Alpha Fund.
In today’s ROCast Murdoch speaks with Dr David Allen, Plato Investment Managements Co-Head of Research, Head of Long/Short Strategies and Portfolio Manager of the Plato Global Alpha Fund.
Keen rugby fans out there, you may be familiar with David as he was a professional Rugby Union player and is currently the President of Eastern Suburbs Rugby Union Club.
For me I enjoyed hearing David explain their unique structure and how the fund achieves high alpha returns without having a highly concentrated portfolio. Combined with the Red flags process and the ability to go long short the fund has generated 8.5% p.a over the MSCI world index since inception.
Plato Global Alpha Fund - Monthly Report | 31 October 2023
The Plato Global Alpha Fund delivered a return of 0.31% (after fees) in October versus the MSCI World benchmark of –1.02%. The Fund has outperformed the MSCI World benchmark by 8.77% per annum since inception, beating the benchmark in 87% of rolling quarters. The Fund is now up 25% year to date. The upside capture is 1.21 and the downside capture is 0.76. The MSCI World index continued the September decline as 10 year treasuries levels flirted with the 5% barrier. The Treasuries sell-off is now the most severe since 1787. Equity markets were roiled as Hamas launched attacks inside Israel. Unprofitable technology companies were again hammered along with companies with high growth and low margins. Bond proxies and expensive defensives did well. Key stock contributors year to date include NVIDIA, Broadcom, and Novo Nordisk up 205%, 85% and 80% respectively.
Companies mentioned are illustrative only and not a recommendation to buy or sell any particular security.
Source: Plato Monthly Fund Fact Sheet
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Murdoch: Adviser & CEO @ York Wealth Management. 'The Rate of Change' podcast shares the insights of some of the brightest minds in asset management.
We work with High-Net-Worth individuals, institutions & family offices to help grow & protect their wealth.
Outside of working with clients, Murdoch & his wife Yasmin, an Executive Assistant to the Chairman of Wealth at a global investment firm, have 2 young children, a boy & a girl.
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York Wealth Management Pty Ltd ABN 46 605 610 679 is an Corporate Authorised Representative of Samuel Allgate Investments Pty Ltd AFSL No. 420170; Financial Adviser Authorised Representative Number 001007979.
This article has been prepared without taking into consideration any investor’s financial situations, objectives or needs. Accordingly, before acting on the advice in this article, you should consider its appropriateness to your financial situation, objectives and needs. Every reasonable effort has been made to ensure the information provided is correct, but we cannot make any representation nor warranty as to the accuracy, completeness or currency of that information. To the extent permissible by law, no responsibility for any errors or misstatements is taken, negligent or otherwise. SAI or its authorised representatives may also receive fees or brokerage from dealing in financial products, see the Financial Services Guide for information about the services offered available at York Wealth Management.
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Murdoch: Adviser & CEO @ York Wealth Management. 'The Rate of Change' podcast shares the insights of some of the brightest minds in asset management. ...
Expertise
Murdoch: Adviser & CEO @ York Wealth Management. 'The Rate of Change' podcast shares the insights of some of the brightest minds in asset management. ...
Expertise
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