ECP Asset Management was established to invest our own funds together with those of our Institutional and Sophisticated clients in profitable, high quality, Australian Listed (or dual listed) growth companies.
We are a long term, long only, high conviction growth equities manager that looks to achieve above benchmark returns over a three year investment horizon.
Investing is an apprenticeship. Only through experience can one approach, but never attain, mastery of the profession. While we are always looking for ways to enhance what we do, we believe that we should focus on perfecting the fundamentals. Without those foundations established, our approach would not stand the test of time.
Our investment philosophy is built on the belief that the economics of a business drives long-term investment returns. Investing in high quality businesses that have the ability to generate predictable, above average economic returns will produce superior investment performance over the long-term. Betting to double your money is the quickest way to lose it, and as a result we look to invest in strong franchises as opposed to betting on fashionable ones.
Being a strong franchise is only one part of the picture. A disconnect exists between price and value which requires discipline in the price paid for earnings. The combination of purchase discipline, and the appropriate investment due diligence, is crucial to ensuring long-term investment success for our clients. It is the mastery of this juncture, which distinguishes the craftsmen from the apprentice.
Our approach is fundamental to everything that we do. If you'd like more information on how we can tailor a solution to fit your needs pleaseGet in touch
We use accounting based measures to provide a framework to our philosophy. In our view, superior listed businesses exhibit:
High average return on equity over a three year period. Where we are a minority investor, we require these returns to exist alongside a minimum interest coverage ratio, to ensure they are not generated through excess financial leverage; and Sales growth in excess of GDP growth over rolling three year periods.
Where a business is mismanaged, we may invest if we believe that the business is capable of achieving these metrics within our investment horizon.
35 + years investment experience. Founded Hyperion Asset Management in 1996. CEO, Managing Director and Chairman of the Investment Committee until 2012. Member of the South African delegation to the Annual Meeting of the Board of Governors of the World Bank and the International Monetary Fund.
10+ years investment experience. Member of the Hyperion Investment team until 2012. Most recently Jared was seconded to Wasatch Advisors in Salt Lake City. Prior to financial services Jared consulted on a number of IT projects and has been involved extensively in the tech startup space.
Prior to joining the fund Andrew worked for over 13 years in equities sell-side research with both Macquarie Bank (9 years) and ABN Amro (4 years). He is experienced across regions including Australia, New Zealand, Pan Asia and most recently has lead the expansion and coordination of the Global Material and Energy products. His past research experience has seen him cover both cyclicals and other industrial companies. His direct coverage has spanned across Metals & Mining, Energy, Basic Materials, Retail & Consumer and Food & Beverage.
Sam is a CFA Charterholder. Prior to joining the team at ECPAM, Sam spent the last 7 years at Bell Potter Securities as a Small Caps Research Analyst. While Sam's coverage was generalist in nature, his focus, has been primarily on industrial and cyclical companies. Sam holds a Bachelor of Commerce (Accounting & Finance).
Jason is the youngest member of the investment team. Jason holds a B.Com, LLB. He undertook a clerkship at Ashurst, focusing on Corporate Law. He is admitted as a legal practitioner in the Supreme Court of NSW.
If you are a sophisticated investor and would like more information on how we can help you create wealth over time, please get in contact with us by filling in the form to the right.