Totus Alpha Fund
The Fund is a long short investment fund investing in developed market equities in Australia and internationally (For Wholesale Investors Only)
The Fund aims to preserve and compound capital over the longer term, regardless of conditions in the broader equity market and economy.
Totus utilises fundamental bottom-up research to identify mispriced securities of which we take positions in (long and short) to profit from.
The Totus Alpha Strategy invests long and short in global developed market equities (mostly Australia and the US). The Strategy may also use derivatives (such as index futures, options and equity baskets) to generate absolute returns and to actively manage the portfolio's market exposure.
A True Alternative
Absolute Return - Aim to deliver positive risk-adjusted returns in all market environments regardless of the cycle.
Fundamental Equity Long Short - Fundamental equity research. Investment themes with bottom-up stock selection.
Opportunity Driven - Open mandate and index/sector/geography agnostic. Our conviction in the opportunities discovered dictates portfolio exposures.
A diversified short portfolio can provide protection in tough markets.
Our proven investment process has delivered 13.9% p.a.* net of fees over 12 years with no correlation to traditional asset classes.
* since inception (2 Apr 2012) to 30 Apr 2024.
Totus believes that good companies tend to outperform bad companies over time. We seek out what we believe to be the best businesses at sensible prices within global developed equity markets and take short positions in a range of lower-quality business.
We believe that alpha can be delivered by investing long and short:
- We aim to own a group of growing, quality cash-generative businesses with favourable industry tailwinds, high returns or earnings, strong balance sheets, and proven management.
- Pairing the longs with a short book of lower quality companies facing headwinds or exhibiting red flags (e.g. cash burn, aggressive accounting, problematic or unsustainable business models) may reduce market risk (beta) and add attractive risk-adjusted returns.
A flexible mandate allows us to select investment opportunities across all industry sectors and market capitalisations globally.
Themes are used to concentrate the investment universe and focus the investment team's research efforts. Detailed fundamental bottom-up research is then used to select individual investments that are exposed to those themes in order to build a diversified portfolio of 70-140 stocks.
This document is intended for general information of wholesale clients only. This document should not be passed on to any retail clients within the meaning of the Corporations Act 2001 (Cth). This document has been prepared by Totus Alpha Management Pty Ltd (ACN 155 266 734) Investment Manager of the Totus Alpha Fund (Fund). Totus Alpha Management is a Corporate Authorised Representative (CAR: 419151) of Totus Capital Pty Ltd (ABN 151 256 772) AFSL: 409468. Any information or advice contained in this newsletter has been prepared without taking into consideration your objectives, financial situation or needs. All securities and financial products or instruments involve risks. Past performance results are not necessarily indicative of future results and no guarantee is being made that similar returns will be achieved by the Fund. Investment in the Totus Alpha Fund may not be suitable for all investors. No offer is being made hereby. Any offer relating to units in the Totus Alpha Fund shall be made only pursuant to the Information Memorandum and Constitution of the Totus Alpha Fund which outlines the risks associated with investing in the Fund as well as other important information you must acknowledge prior to investing in the Fund.
Totus Capital is the trustee of the Fund (AFSL 409468). Totus Alpha Management Pty Ltd (Authorised Representative 419151) has been appointed by the Trustee as Investment Manager of the Fund.
Totus Capital is a Sydney-based absolute return investment manager founded in 2012, focused on Australian and developed market equity investments. We aim to compound and preserve investors' capital over the longer term, regardless of conditions in the broader equity market and economy.
Totus is performance-focused, placing equal importance on capital growth and capital preservation. Our philosophy of limiting capacity to maximise performance allows our team of experienced investment professionals to remain nimble in exploring investment opportunities.
The investment team are partners in the business and aligned with significant investment in the funds.
Ben has over 23 years of financial markets experience on both the buy and sell side of the industry. As an analyst at UBS Australia and Morgan Stanley in London, Ben covered a broad range of companies and sectors.
Prior to establishing Totus Capital in 2012, Ben was an Assistant Portfolio Manager for Mathews Capital Partners from 2008 to 2011. Ben qualified as a Chartered Accountant with PricewaterhouseCoopers in Sydney, and holds a Bachelor of Commerce (Hons) and Bachelor of Economics from the University of Queensland.
Tim joined Totus Capital in 2019, having previously worked at Centennial Asset Management as an Analyst, focusing on ASX small and micro-cap companies. Tim holds a Bachelor of Chemical Engineering (Honours Class I and the University Medal) degree from the University of Sydney.
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Please contact ir@totuscapital.com.au or visit www.totuscapital.com.au.
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