Mawson Market Neutral Managed Portfolio Service
The Mawson Market Neutral Managed Portfolio aims to out-perform the MSCI AC World Net Index over a 3 year period before fees. (For Wholesale Investors Only)
The Mawson Market Neutral Managed Portfolio Service is offered through Separately Managed Accounts and Managed Account Services for Sophisticated or Professional Investors per section 708 of the Corporations Act 2001(Cth.).
Our portfolios offer the following benefits to our clients:
- Complete transparency and accessibility of their investment.
- The benefits of direct equity ownership combined with the oversight of a professional investment manager.
The Mawson Market Neutral Managed Portfolio aims to out-perform the MSCI AC World Net Index over a 3 year period before fees.
Investment universe
- Australian equities with a market capitalization equal to or greater than AUD$500M;
- International (Non-Australian listed) equities with a market capitalization equal to or greater than AUD$1B;
- Hybrid Instruments of listed companies included in the S&P/ASX 200 Index;
- ETF’s,
- Exchange Traded Options;
- Derivatives;
- Options; and
- Cash.
Typical number of stocks
The portfolio will typically hold less than 30 stocks.
Asset allocation ranges
| Australian and International shares | 0% - 100% |
| Cash | 0% - 100% |
Portfolio Platform
The Portfolio Service are delivered through Interactive Brokers Australia Pty. Ltd. ABN 98 166 929 568 (Interactive Brokers) via their trading platform (Interactive Brokers Platform). Interactive Brokers are an Australian Financial Services License Holder (AFSL: 453 554) and are listed on the NASDAQ Stock Exchange with the ticker code IBKR. In order to be a client of Mawson you must set up a trading account with Interactive Brokers based on Interactive Brokers standard terms and conditions along with Interactive Brokers Financial Services Guide.
Mawson believe that through the application of a consistent, rigorous, and active approach, superior investment returns to the benchmark will follow.
Whilst the portfolio has a value style, Mawson applies a macro level overlay to the investment approach. As the portfolio service aims to out-perform the benchmark, the MSCI AC World Net Index, in Australian dollars, on an absolute basis, the portfolio service is therefore driven to seek out and invest in undervalued companies that satisfy Mawson’s investment criteria.
Mawson’s active approach to investment prevents us from acquiring stocks in companies that do not fit the investment strategy, nor are we beholden to any particular industry or sector. This flexibility allows Mawson to seek out companies with superior growth prospects.
Mawson believes that active portfolio services, dynamic asset allocation and disciplined risk management rank equally to prudent stock selection.
Mawson aims to enhance returns through the utilisation of Exchange Traded Options for hedging and income generation purposes. Derivatives are not used for gearing purposes, and Mawson does NOT believe in holding any unbacked option positions. Mawson will not gear the portfolio or short sell securities. Mawson Financial Services Guide – Version 20220304 Page 9 of 12 Mawson’s Derivatives Strategy Derivatives usage. The only derivative contracts which will be used within the portfolio will be index and Exchange Traded Options (ETO’s). They will only be used if and when considered appropriate in any of these cases:
- to create income through premiums, over existing stocks within the portfolio.
- to protect individual security positions or the portfolio as a whole
- to have exposure to Australian and International securities
The risk measures associated with ETOs are combined with those in the balance of the portfolio in assessing their impact on the duration of the strategy. ETOs will be managed in accordance with Mawson’s risk management strategy.
The portfolio will not be leveraged by direct borrowing.
Derivatives strategy
Mawson uses options predominantly to gain income for the portfolio using ‘covered calls’ or writing call options over stock already held in the Portfolio. Writing call options is a popular strategy which increases the income of the portfolio. This is a tool available particularly for use in markets which are declining or flat. It is a way of managing the volatility risk in a portfolio as it produces income in the form of a premium received from the option.
Put options may be employed as a form of hedging with respect of long positions acting to protect against price falls below the specified strike price whilst the option position is open.
Call options may be purchased to have exposure to Australian and International securities, such as in the event where we have liquidated out of a physical position but wish to maintain some exposure over a particular time period.
The Mawson Market Neutral Managed Portfolio Service is offered through Separately Managed Accounts and Managed Account Services only to Sophisticated or Professional Investors per section 708 of the Corporations Act 2001(Cth.).
General Advice Notice
Mawson provides general financial advice only for the services offered. This advice is not personal advice as it does not take into account your individual circumstances, objectives or needs. The suitability of our financial services will depend on your individual circumstances, financial situation, objectives and needs.
Before making any decision about the general advice provided, you should consider the appropriateness of the general advice presented, having regard to your individual circumstances, financial situation, objectives and needs. You should read any Product Disclosure Statement (if applicable) or other documentation that relates to your investment before any financial decision is made. Neither Mawson Investment Management Limited, its associates or directors, or any other person, guarantees the success of the Mawson Market Neutral Managed Portfolio Service, the repayment of capital or any particular rate of capital or income return, or makes any representation in relation to the personal taxation consequences of any investor’s investment.
Mawson is a boutique investment management company founded in 2010, owned and managed by a small team of investment management professionals with over 60 years of combined experience in financial markets.
Mawson’s name is a reference to the great Australian explorer, Sir Douglas Mawson, who showed the leadership, courage and commitment to survive in the most difficult of situations; attributes that we believe typify what it takes for an investment manager to deliver exceptional long term performance.
Mawson is a Corporate Authorised Representative of Enrizen Pty Ltd (ABN 64 107 643 809) (Enrizen) who holds an Australian Financial Services Licence (AFSL 403 905).
| Name: | Mawson Investment Management Pty Ltd |
| ABN: | 67 146 948 290 |
| Authorised representative No.: | 436 300 |
| Address: | Level 28, 88 Phillip Street Sydney NSW 2000 |
| Phone: | +61 430 365 792 |
| Email: | brendan.dickson@mawsonim.com.au |
| Website: | www.mawsonim.com.au |
Our Investment Manager
Our executive team has significant experience across funds management, investment and financial services. The principal investment manager is Brendan Dickson who is also a Director and Shareholder of Mawson.
Brendan has worked as a Portfolio Manager and Analyst alongside John Larsen and has been a member of the investment committee since 2008.
Between 2007 and 2008, Brendan was portfolio manager with Alpine Asset Management.
Prior to Alpine Brendan worked as an adviser with Ord Minnett Limited for four years. Before joining Ord Minnett, Brendan was an adviser with Challenger First Pacific, which was the former private client division of Credit Suisse.
During his tenure as an Investment Adviser, Brendan specialised in providing innovative strategies with a focus on producing Alpha on client portfolios. Brendan also gained exposure to various market participants in analysis, corporate finance, strategy, asset allocation, investment management and sales, developing industry contacts, attending company presentations and meeting management.
Prior to working as an investment adviser in 2000, Brendan worked in Foreign exchange with Macquarie Bank and with Deutsche Bank London’s options team.
Brendan has a Bachelor of Commerce (Accounting & Finance) from the University of Canberra 1994, and is also a Level 1 and 2 ASX Accredited Derivatives adviser.
John has over 40 years experience in financial markets including senior management roles in funds management and stockbroking.
Between 2006 and 2008, John was part of the Investment Committee responsible for investment for the Huntley Investment Company Limited (ASX code: HIC), a listed investment company.
John was also Group Investment Manager at ING (then Mercantile Mutual Group) retaining responsibility for the entire Australian investments portfolio with over $500m of funds under management. During John’s tenure ING was one of the largest fund managers in the Australian market.
John’s Institutional Dealing experiences includes working as the Head of Equities for Deutsche Bank in Australia, and as a Director of County Natwest Securities (now part of Citigroup) in charge of institutional sales.
John is also a qualified Chartered Accountant, and worked at KPMG (then Hungerfords) prior to entering finance.
.
General Disclaimer
IMPORTANT STATEMENT ABOUT YOUR USE OF THIS SITE
Information on this site is intended for Australian users only.
This site is operated by Investment Markets (Aust) Pty Ltd. (ACN 634 057 248) (IMA, we, us and our), the holder of Australian Financial Services Licence (AFSL) no. 527875. The content is provided solely for information purposes, is not a recommendation or an offer to buy or sell a security, and is not warranted to be correct, complete or accurate. To the extent permitted by law, neither IMA, its affiliates, nor the content providers (such as the issuers of securities who appear on the site) are responsible for any investment decisions, damages or losses resulting from, or related to, the content, data and analyses or their use. The investment products on this site and any statements made about them by their issuers are not vetted, verified or researched by IMA. The presence of an investment product on this site should not be interpreted as an implied endorsement of it by IMA. Certain content provided may constitute a summary or extract of another document such as a Product Disclosure Statement. To the extent any content is general advice, it has been prepared by IMA. Any general advice has been provided without reference to your investment objectives, financial situations or needs. For more information refer to our Financial Services Guide. To obtain advice tailored to your situation, contact a financial advisor. You should consider the advice in light of these matters and, if applicable, the relevant Product Disclosure Statement (or other offer document) before making any decision to invest. Past performance does not necessarily indicate an investment product’s future performance. The content is current as at date of initial publication and may not be current as at your date of viewing. For a more complete understanding of all the terms and conditions of your use of this site click here.