Swell Global Portfolio
Swell was established in 2014 with the dual missions to simplify the often complex process of owning shares in global markets and to serve as a trusted partner to high-net-worth individuals, family offices and institutional investors. The foundation of our investment process is quality, stemming from exceptionally managed companies with clearly articulated strategies for creating value over the long term.
The Swell difference
The Swell Global Portfolio is a global investment strategy focused on owning a concentrated portfolio of the world's best companies. It is similar to a traditional Fund, however, each portfolio is held in the investor's own name in a managed account. Since portfolio companies are held in the client's name, they tend to be more tax-efficient than traditional funds. This is because the constant entrance and exit of people in traditional funds create tax gains for those who remain invested.
Absolute return focus
Our investment objective is to attain an annual return of 9% after deducting management fees over a rolling period of three years. In case we are unable to come across a compelling investment prospect, we may retain up to 25% of our portfolio in cash.
Long term orientation
Our favourite investment is a high quality company that is currently undergoing a short term cyclical headwind that will abate over time. This is where we use our long term orientation to our benefit as the stock market is focused on the short term, and therefore these opportunities become mispriced.
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. This affords us an opportunity to outperform traditional index funds.
Lachlan Hughes founded Swell Asset Management in 2014, wanting to create a unique investment offering – a global portfolio with a genuine long term focus. 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 Allco Finance Group.
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