Our approach

We offer clients a broad array of offshore investment strategies through Pendal Group, our wholly owned subsidiary J O Hambro Capital Management and specialist sub-advisers. All of the global equities managers used by Pendal feature an active, fundamental, bottom up stock selection process, albeit with differences in portfolio construction. Our global equity fund managers have complete investment authority over their funds. This leads to a diversity of views and approaches across our investment professionals. Although the managers of Pendal Group and J O Hambro Capital Management may leverage each other’s expertise, there is no ‘house’ view on economies, markets, sectors or stocks.  


Pendal established an Australian-based Global Equities boutique in 2016 with the appointment of Ashley Pittard.


Watch this video to learn about our investment approach from Ashley, Head of Global Equities, who is responsible for managing the Pendal Concentrated Global Share Fund. Ashley’s experience in the finance industry spans over 20 years, including roles in petroleum economics, global energy investment analysis and portfolio management. Ashley’s prior fund was awarded the Best Australian Based Global Equity Manager 2015 by the Australian Fund Manager Foundation and International Equities (Alternative Strategies) Fund of the Year 2015 by Zenith/ Professional Planners Association. The Global Equities boutique’s first fund – the Pendal Concentrated Global Share Fund – is managed by a 5-strong team led by Ashley. Available for the Australian retail market, the strategy uses a fundamental, bottom up stock selection process with a focus on mis-priced and under-appreciated businesses. The Pendal Concentrated Global Share Fund is a long-only and benchmark-unaware concentrated fund.  

 J O Hambro Capital Management

J O Hambro Capital Management (JOHCM), 100% owned by Pendal, is a boutique investment management business with offices in London, Singapore, New York and Boston specialising in the active management of equities across the globe.  As at 31 March 2018 JOHCM managed assets of $53.6 billion. For Pendal in Australia, J O Hambro Capital Management (JOHCM) manages the:

Similar to Pendal, JOHCM’s success has been founded upon recruiting experienced fund managers with proven investment pedigrees. They are attracted by its entrepreneurial approach, investment autonomy and central support, the latter enabling them to focus solely on investing without the distractions that can arise at a larger company.  This intellectual latitude and the absence of bureaucratic practices associated with many larger fund management houses has led to extremely low turnover among its investment professionals. Each fund’s investment management process is tailored to its individual benchmark and goals. Value can be added through a combination of country allocation as well as individual stock selection. More information on JOHCM’s range of investment products can be accessed here.   AQR Capital Management (AQR) manages the:

Founded in 1998 and based in Connecticut, AQR is an investment management firm employing a disciplined multi-asset, global research process. AQR’s investment philosophy is strongly research driven, and is built around the twin fundamentals of value and momentum.   MFS International manages the:

MFS International is a wholly-owned subsidiary of the Boston-based Massachusetts Financial Services Company (MFS). MFS has followed a disciplined, in depth security-selection process since 1932, when they established one of the first in-house research groups in the industry. Today MFS has a global research team of over 100 investment professionals using an investment process that seeks to gather and exploit company specific insights and to deliver consistent returns to investors. MFS has analysts on the ground in four continents and their global research team invests in securities in more than 60 countries.  

Currency hedging

We offer the Pendal Core Hedged Global Share Fund for investors who want to protect their global share investments from currency fluctuations. The Pendal Core Hedged Global Share Fund aims to provide a return (before fees, costs and taxes) that exceeds MSCI World ex Australia (Standard) Index (Net Dividends) hedged to the Australian dollar over the medium to long term.