The strategy invests in listed smaller companies across a diverse range of sectors, both long and short, where there is a mismatch between the market’s perception, and corporate reality, of these companies. At the smaller end of the market there is greater alpha opportunity caused by the distinct lack of research coverage.
The investment process involves deep fundamental bottom-up research, resulting in a high conviction portfolio that has been refined since 2007. The core pillars of stock selection involve assessing management, analysing cashflows and identifying catalysts. The stocks selected for the resulting portfolio can be categorised into two groups - as either strong growth compounders with high ROCE, or undervalued quality growth franchises.
The fund only shorts single stocks, does not use leverage and seeks to provide risk-adjusted returns with lower volatility than the market. Risk management at both the single stock level and the portfolio level is an integral part of the investment process. This is not a trading fund and holding periods are typically over 1 year.
The fund employs a fundamental bottom-up research process in seeking to identify and exploit unrecognised value in a part of the market that has a significant lack of research coverage.
The team employ comprehensive due diligence on a broad range of small cap companies, holding >500 company meetings per year. Experienced portfolio manager with strong relationships with management teams across many sectors.
Research focus on assessing management, cashflows and catalysts. The resulting holdings can be categorised as either strong growth compounders with high ROCE, or undervalued quality growth franchises.
Waystone Investment Management (IE) Limited, 23 St. Stephen's Green, Dublin 2, D02 AR55, Ireland is licensed to provide Investment Management services to Professional Clients (including Collective Investment Schemes) by the Central Bank of Ireland.
MontLake UCITS Platform ICAV is an umbrella open-ended Irish collective asset-management vehicle with segregated liability between Funds formed in Ireland under the Irish Collective Asset-management Vehicles Act 2015 and authorised by the Central Bank as a UCITS pursuant to the UCITS Regulations.
The Manager of MontLake UCITS Platform ICAV is Waystone Fund Management (IE) Limited, a company regulated by the Central Bank of Ireland.
This website is directed mainly for professional and institutional clients who possess the necessary experience, knowledge and expertise to make their own investment decisions and properly assess the risk that it incurs.
Information on this website was obtained from various sources and the company does not guarantee its accuracy. The information is for your private use and discussion purposes only and expressed views and opinions may change.
The Performance figures quoted refer to the past and past performance is not a guarantee of future performance or a reliable guide to future performance. The value of your investment and their income may go down as well as up.
Your investment may also be subject to currency, interest rate, as well as market fluctuations. Consequently the Investor may not get back a sum equal to that he / she originally invested.
Investors should note that an investment in those Sub-Funds which may invest in emerging markets should not constitute a substantial proportion of an investment portfolio and may not be appropriate for all investors.
The Sub-Funds may invest in Over the Counter as well as Exchange Traded derivative instruments to enhance return or hedge against fluctuations in security prices or market rates as well as to short sell a security through the use of a derivative instrument. Transactions in derivative instruments involve a risk of loss or depreciation of capital due to adverse changes in security prices, exchange rates or interest rates or in the case of OTC instruments default of Counterparty. This investment may not be suitable for all types of investors. It is therefore recommended that you consult your investment advisor.
A commission or sales fee may be charged at the time of the initial purchase for an investment and may be deducted from the invested amount therefore lowering the size of your investment. The Investment Manager will be entitled to receive a performance fee as well as a management fee, calculated on a daily basis and paid quarterly by the sub-funds.
The Levels and bases of taxation are dependent on individual circumstances and subject to change and therefore it is highly recommended that you consult a professional tax advisor.