The track record suggests that the team has been successful in identifying pricing anomalies over the long term. The key advantage here is that “change” is a constant in business and markets and is ever-present, although where change takes place is constantly moving. “Under-Recognised Change” arises irrespective of whether value, growth or other trends are generally impacting markets and can therefore be seen as a consistent source of alpha.
A key part of the investment process is the Portfolio Manager building conviction that his/her projections for the company are correct and the consensus wrong to the extent that a minimum return of 50% may be expected over a 2-3 year period. TSAM’s company visits involve in-depth analysis and may often be to the competitors, suppliers or customers of a company.. This “360 degree” analysis usually gives greater understanding of the company being analysed and may lead to the inception of further investment ideas.. The research intensity is particularly important as TSAM’s standard portfolios generally invest in a maximum of 35 stocks.
To achieve long term capital growth by identifying fundamentally mis-valued businesses which will generate superior returns over time. Equity positions taken in companies we believe to be undervalued based on under-recognised change.
Ideas generated by extensive company visits & proprietary research library.
Portfolio is concentrated (25-35 large-mid cap equities) and is region, sector and style agnostic. Investments made using an 18-24 month time horizon seeking a 50% minimum return hurdle.
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.