Hayborough Opportunities Fund
The Hayborough Opportunities Fund is an unregistered unit trust for wholesale investors, which invests in ASX-listed small- and mid-cap equities. The fund aims to outperform the S&P/ASX 200 Small Ordinaries Accumulation Index over rolling 5-year periods.
The objective of the fund is to outperform the S&P/ASX Small Ordinaries Accumulation Index over rolling 5 year periods via an actively managed ASX-listed equity portfolio constructed of a mix of small to medium high quality companies where there are differences between our estimate of underlying business value and the traded market price.
Long-term wholesale investors seeking an actively managed Australian equity small/medium-cap strategy focusing on capital growth.
The fund is built around the following key investment principles:
1. Invest in high quality businesses
We invest in specific high quality individual businesses with robust business models, sustainable competitive advantages that generate high returns on capital and generate high levels of cash. We look for businesses which are easy to understand and can generate free cash flow which can be invested back into the business at high rates of return.
2. Invest in businesses that we understand financially
We look for businesses with easily understood capital structures and simple financial statements. We look for companies with strong balance sheets that can withstand market cycles or business downturns and can convert profits to cash flow.
3. Invest in great people
At Hayborough we believe great management and highly motivated teams have a greater chance of business success. We look for management who are honourable, trustworthy and deliver the plan they have communicated to the investment market. We prefer founder-led, owner-operators teams who are motivated by increasing the value of the business through capital growth and dividends, rather than managing to trigger performance options. We look for management who think and act like shareholders and are proven strong capital allocators.
4. Invest at an attractive price
Our focus is on capital preservation and we seek to identify businesses outside the ASX100 that are trading at a discount to their intrinsic value, that can grow earnings and have a potential catalyst that will compound the value of the business over long periods of time. Business valuation is a core component of our investment process and we only deploy capital when the market presents us with an opportunity to invest at large discounts to our assessed estimate of intrinsic value. We use a number of varying valuation metrics to determine an estimated range for the business with a particular focus on returns on invested capital.
Investment in the fund offers the following benefits:
- Access to a professional investment manager to manage the fund’s investments;
- A fee structure aligned with investors because it incorporates a significant performance based component;
- Exposure to investment opportunities that individual investors may not have access to on their own;
- Exposure to lesser researched and undervalued smaller companies with the potential to gain early exposure to potential growth;
- Access to a concentrated and unique portfolio of smaller companies that may provide diversification to your overall portfolio;
- Potential returns through capital appreciation, dividends, interest and other income, which may contain imputation credits; and
- The Investment Manager and directors have made a significant investment in the Fund, alongside the other investors.
The details on this website relates to an investment opportunity in the Hayborough Opportunities Fund ABN 80 778 008 031. The trustee of the Fund is Hayborough Capital Pty Ltd ACN 134 995 114 (Trustee). The Trustee is a corporate authorised representative Australian Financial Services (AFS) Representative No. 1255528 of Lanterne Fund Services Pty Limited ABN 49 098 472 587 which holds AFS Licence No. 238198.Hayborough Investment Partners Limited (ACN 646 736 076) has been appointed Investment Manager of the Fund. The Investment Manager is a corporate authorised representative Australian Financial Services (AFS) Representative No. 1285726 of Lanterne Fund Services Pty Limited. This document and the investment opportunity is only available to wholesale clients, as defined in sections 761G and 761GA of the Corporations Act 2001 and their professional advisers in Australia. This is not an offer to any person who is not defined as a wholesale investor, nor is it an offer in any place in which, or to any person to whom, it would not be lawful to make such an offer. Before making any decision in relation to the fund you should read the information memorandum available at www.hayboroughinvest.com.au
Established in 2021, the investment manager is an independently owned boutique investment management firm specialising in small to medium sized companies. The manager will manage funds on behalf of high net worth individuals, financial planner groups and family offices, and financial institutions.
George is a Portfolio Manager of the Hayborough Opportunities Fund and co-founder of Hayborough Investment Partners. George has 20 years’ experience in financial markets most recently as a Senior Investment Adviser at Taylor Collison Stockbrokers for the past 12 years.
Prior to Taylor Collison his experience has seen him work internationally across various disciplines including investment banking, financial analysis and sales and trading for Deutsche Bank and Barclays Bank.
George holds a Bachelor of Commerce (Accounting), from the University of Adelaide, is a member of the Chartered Accountants in Australian & New Zealand and is a Senior Associate of FINSIA.
Ben is a Portfolio Manager of the Hayborough Opportunities Fund and co-founder of Hayborough Investment Partners. Ben has 14 years’ experience in financial markets most recently as a Portfolio Manager at NAOS Asset Management for the past 6 years.
Prior to NAOS he held numerous roles within financial markets at Taylor Collison, Macquarie Bank, Ord Minnett and Moelis & Company.
Ben holds a Bachelor of Commerce (Accounting), from the University of South Australia, a Diploma in Stockbroking from Deakin University and is a Graduate of the Australian Institute of Company Directors.
Relevant Documents
You should read the PDS, TMD (if applicable) or any Investment Memorandum (or other offer documents) related to this product before making an investment decision. These documents (if available) can be found at https://hayboroughinvest.com.au/, or if this is a "wholesale investor only" investment, can be viewed by contacting the Product Issuer identified on the aforementioned website.
Statutory Statement
This offer of scheme interests is available to wholesale clients only. This product listing was vetted by and approved by the product issuer identified above before publishing. Investment Markets (Aust) Pty Ltd AFSL 527875 (IM) is not the issuer of the product.
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