Swell Global Portfolio
We invest in outstanding companies with exceptional management and clear strategies for creating value over the long term. We hold a concentrated portfolio and reassess it often to ensure it meets our standards.
Our strategy is very simple and our process is very strict. We invest in outstanding companies with exceptional management and clear strategies for creating value over the long term. We hold a concentrated portfolio and reassess it often to ensure it meets our standards. Our first objective is safeguarding our investors' capital, so preventing losses is more important than reaching for higher returns and thus we prefer a more certain 12% return against a less certain 20%.
Absolute return focus
The Portfolio is a benchmark unaware global equities fund investing in quality companies listed in developed markets around the world. We target an annual return of 9% after management fees over rolling three year periods.
Swell is a value manager, meaning we acquire each investment at a discount to its intrinsic value. Our principal objective is capital preservation thus we place greater emphasis on preventing losses than reaching for higher returns.
Our process is focused on acquiring quality companies with a durable competitive advantage and strong management team. We adopt a concentrated approach to portfolio construction, allocating meaningful weights to each holding.
Lachlan founded Swell Asset Management in 2014, wanting to create a unique investment offering – a global portfolio with a genuine, long term focus. Since inception, the Swell Global Portfolio has consistently outperformed its investment return objective after management fees.
Prior to establishing Swell, Lachlan spent six years as a Senior Analyst with NovaPort Capital, a boutique fund manager owned by Challenger Limited. His extensive experience in the financial services industry includes legal and investment roles with The Bank of New York (London), King & Wood Mallesons and Goldman Sachs JBWere.
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