Alphinity Investment Management

Alphinity

Alphinity Investment Management (Alphinity) is an active equities investment manager with dedicated teams managing both Australian and Global equity funds, using a distinctive combination of fundamental analysis and specific quantitative inputs.

About

Alphinity’s investment team is highly experienced with a strong track record of performance through various market cycles over a long period of time. Alphinity aims to deliver consistent outperformance for its clients by investing in quality, undervalued companies which it believes are in, or about to enter, a period of earnings upgrades. Its process for identifying such companies includes a distinctive combination of fundamental analysis and quantitative inputs. Alphinity’s boutique ownership structure results in a powerful alignment between their fund managers and the objectives of investors in their funds. 

What makes Alphinity unique is:

  • A well-defined and tested investment philosophy – a sole focus on investing in quality undervalued companies in an earnings upgrade cycle.
  • A distinctive, disciplined and rigorous research process – a truly unique partnership between detailed analyst driven fundamental research and specific targeted quantitative research inputs.
  • Highly experienced, accomplished and cohesive investment teams.
  • A business structure which strongly aligns the objectives of their investors with their investment staff.
  • Local and global analysts and portfolio managers based in one location in Sydney.

For more information, please visit www.alphinity.com.au

Approach

Alphinity's investment philosophy seeks to identify and invest in attractively valued, quality companies in, or about to enter, an earnings upgrade cycle.  Simply put, they look for stocks that can deliver 'earnings surprises' to drive outperformance. 

A company's earnings ultimately will drive its share price performance over time.  The share price will, at any given point, reflect the market's future earnings expectations.  However the market is typically inefficient at accurately pricing future consequences of new information that will affect company earnings.  Clearly identifiable characteristics exist for companies whose earnings ability is likely to be under (or over) estimated by the market, allowing Alphinity to exploit this inefficiency to create outperformance. 

The teams use a unique combination of fundamental and quantitative research when constructing the portfolios.  An earnings revision approach requires deep fundamental analysis to understand the specific drivers and the sustainability of a company's earnings. This results in a valuation and forecast for expected earnings growth into the medium term for each company covered. Fundamental research is then combined with objective targeted quantitative factors in Alphinity's proprietary Composite Research Model (CRM).

Portfolio construction is centred therefore on stocks with high CRM scores.  Finding stocks that have strong appeal across both spectrums of research significantly increases the probability of finding earnings surprise stocks and therefore generating outperformance for clients.  

The Team

Johan Carlberg
Johan Carlberg
Portfolio Manager and Principal
Andrew Martin
Andrew Martin
Portfolio Manager and Principal
Bruce Smith
Bruce Smith
Portfolio Manager and Principal
Stephane Andre
Stephane Andre
Portfolio Manager and Principal
Stuart Welch
Stuart Welch
Portfolio Manager
Jonas Palmqvist
Jonas Palmqvist
Global Portfolio Manager
ALPH Nikki Thomas white square
Nikki Thomas
Global Portfolio Manager
Lachlan MacGregor
Lachlan MacGregor
Global Portfolio Manager
Jeff Thomson
Jeff Thomson
Global Portfolio Manager
ALPH Andrey Mironenko square
Andrey Mironenko
Research Analyst
ALPH Jacob Barnes 130x125
Jacob Barnes
Research Analyst
Richard Hitchens
Richard Hitchens
Senior Quantitative Analyst
Alphinity Jessica Cairns square
Jessica Cairns
ESG & Sustainability Manager
Alphinity Andrew Taylor 130x125
Andrew Taylor
Head of Trading