“Our mission is simple. To generate outstanding performance for our clients.”
The Firetrail story
Firetrail is an investment management boutique founded in 2018. The firm was established with a goal to align our people with our clients. Importantly, the firm is majority owned by our investment staff and the team is invested alongside our clients in the strategies.
Pinnacle Investment Management are partners and minority shareholders in the business.
The Firetrail history
While founded in 2018, the Firetrail staff have a long successful track record of investing in equities.
Prior to establishing Firetrail, the portfolio management team including Patrick Hodgens, Blake Henricks and James Miller worked together at Macquarie for over a decade. The team were responsible for managing the highly successful Macquarie High Conviction Fund, which delivered 10.6% p.a. (after fees) from inception in November 2005 to October 2017. The Fund was one of the top performing Australian equity funds over the medium and long term.*
Investment Team (Alphabetical Order)
Prior to Firetrail, Anthony has worked as an investment strategist for global investment firms such as Fidelity International (Sydney), M&G Investments (London), Amundi Pioneer (Dublin) and Macquarie Group (Sydney). He holds a Master of Business Administration from the University of London, a Master of Economic Studies from the University of New England, and a Bachelor of Commerce from Macquarie University.
Eliza has over 10 years’ relevant industry experience across Asian and Australian markets. Prior to joining Firetrail, Eliza worked as a Manager, structuring equity financing solutions, at a global investment bank. Eliza holds a Bachelor of Commerce and a Master of Business Administration.
Oscar has deep experience in global equities including coverage of European markets, metals and mining, healthcare, financials, property, and consumer sectors. He holds a bachelor’s degree in Philosophy, Politics & Economics (converted to MA) at Oxford University and is a CFA charter holder.
We only focus on ‘What Matters’
Portfolios are built on the best opportunities
High conviction investing experts
Our philosophy is built on four beliefs:
Idea Generation – Idea generation reduces our universe down to attractive opportunities for further research. We have a diverse range of sources for investment ideas: proprietary screening, analyst ideas, corporate events (such as IPOs), and identifying positive change catalysts.
Focused Research – The focused research stage is the most important and intensive part of the investment process. During the focused research stage we aim to develop our investment thesis on ‘What Matters’ for the individual company we are researching, undertake rigorous fundamental research to build and test our investment thesis, finalise our earnings forecast and company valuation.
We value companies based on a medium term earnings horizon. We look to buy companies that are cheap based on our medium term forecast. We aim to avoid investing in companies that we believe are at risk of a material earnings downgrade. In our long short strategy, these companies become candidates for our short portfolio.
Team Decision Making – Decisions are made by a team of experienced portfolio managers who have worked together for over ten years. Investment decisions are made formally at an investment committee based on rigorous fundamental research.
The clear benefits of a team based approach is a reduction in key person risk and increased diversity of thought in the portfolio.
Portfolio Construction and Risk Management – Following the decision making process, investment ideas with our highest conviction will enter the portfolio. When constructing our portfolios key considerations include:
- Position Sizing: Which will reflect our conviction in the position, risk and liquidity
- Risk analysis: How a position will affect the portfolio and thematic risks
- Portfolio Manager review: Top down portfolio and risk management review
- Buy/Sell discipline: Allocation of capital is determined by best available opportunities
We aim to build high conviction equities portfolios of our best investment ideas.
Learn more about our approach to sustainable investing in our Firetrail S3 Global Opportunities Fund (Managed Fund).
To learn more about our sustainable investment credentials and approach view our Sustainability page.