Sixteen02 Global Equities

We aim to preserve and compound our investors’ capital over long periods of time.

We strive to achieve this by investing in a concentrated portfolio of high-quality companies listed globally that enjoy secular growth prospects. We believe time is our ally and we let our portfolio companies work in our favour.

We leverage the time and trust afforded by our investors to unlock the power of compounding. We believe the secret of a successful long-term public market investor is to partner with long-term investors.

Our Approach

We invest in equities globally in a concentrated manner for the long-term. We believe that very few asset classes have the superior reinvestment and compounding capability that equities offer. This along with their unique upside /downside characteristics make it an attractive asset class.

With the right unit economics and a superior management team capable of scaling the business, an equity investment has unlimited upside i.e. can be a multi-bagger, while the downside is limited to 100%. Few asset classes have this privileged risk-reward profile.

We seek to invest in public companies worldwide with exceptional earnings growth, driven by a sustainable competitive advantage, superior financial strength and proven management teams. Investing in “best of breed” companies with secular long-term growth opportunities can help us to deliver outsized returns and minimize risk.

We believe consistent earnings growth is the primary driver of intrinsic value and long-term stock price appreciation. We focus all our intellectual power on identifying and building concentrated portfolios of companies that we believe can deliver sustainable, above-average earnings growth.

Our investment approach is currently available through segregated managed accounts (“SMA”s) as well as a Irish ICAV called Sixteen02 Global Equities  UCITS Fund. Please note, UCITS Funds have to abide by certain investment restrictions and consequently the performance of the Sixteen02 Global Equities  UCITS Fund may not be similar to that of the Sixteen02 SMA Strategy.

Our Process

Over the years we have developed and honed a repeatable process to identify suitable candidates for our portfolio. Our investment process can be broadly summarised as follows:

Stock Universe

We look globally and focus on companies with a market capitalisation of  >$1.0bn.

5-10-15 Rule

We apply proprietary and time-tested financial criteria to identify quality growth companies as candidates for our portfolio.

Preliminary Assessment

We conduct a preliminary qualitative assessment to understand the target company’s business model and industry characteristics and re-confirm adherence to our financial metrics.

Deep Dive & Internal Memo

We undertake an in-depth study of the company’s business model, industry characteristics as well as carry out an intrinsic value assessment. This step involves establishing contact with the company’s management, assessing industry peers etc. Our findings are summarised in an internal memo and discussed internally.

Portfolio Construction

We size the investment position to be in line with our risk control rules, conviction levels and add it to the portfolio.

Ongoing Monitoring

We monitor the company assiduously on an ongoing basis. Should any of the below scenarios arise, we re-evaluate and consider exiting the position:

Threat to competitive advantage
Change in business model
Permanent deterioration in fundamentals/outlook
Identification of a superior alternative
Changes to expected return
Portfolio risk management

Fund Documents

Categories

  • Monthly Reports
  • Key Investor Information
  • Legal Documents
  • Disclaimer

MontLake Asset Management Ltd, 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 MontLake Management Ltd, 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 may not be a reliable guide to future performance.

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.

Investment Team

We welcome you to contact us for more information
about any of our products or services.

investor@sixteen02.com


Eighteen48 Partners Ltd
Montpelier House
106 Brompton Road
London SW3 1JJ

+44 (0) 203 670 1855

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