Our approach to global equities
Pendal offers a broad array of offshore investment strategies through our Australian-based global equities team, our wholly-owned subsidiary J O Hambro, our responsible investing business Regnan and specialist sub-advisers.
Our global equities managers use active, fundamental, bottom-up stock-selection processes with differences in portfolio construction.
Our fund managers have complete investment authority over their funds. This leads to a diversity of views and approaches across our investment professionals.
The managers of Pendal Group and J O Hambro may leverage each other’s expertise, but there is no “house view” on economies, markets, sectors or stocks.
Pendal’s Australian global equities boutique
WATCH: Pendal’s head of global equities Ashley Pittard explains his investment approach for Pendal Concentrated Global Share Fund.
Ashley has more than 20 years of experience in the finance industry, including roles in petroleum economics, global energy investment analysis and portfolio management.
The team’s Pendal Concentrated Global Share Fund 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.
The Pendal team manages the following funds — all with the same underlying process and strategy:
- Pendal Concentrated Global Share Fund
- Pendal Concentrated Global Share Fund No.2
- Pendal Concentrated Global Share Fund No.3
There is also a currency-hedged version of the strategy:
J O Hambro Capital Management
J O Hambro (JOHCM) is a 100%-owned, boutique investment manager with offices in London, Singapore, New York and Boston.
JOHCM specialises in the active management of equities across the globe. For Pendal in Australia, J O Hambro manages:
- Pendal Global Select Fund
- Pendal Global Emerging Markets Opportunities Fund
- Pendal Asian Share Fund
- Pendal European Share Fund
- Pendal American Share Fund
- Pendal Japanese Share Fund
Similar to Pendal, JOHCM’s success is founded on experienced fund managers with proven investment pedigrees.
For example, Chris Lees and Nudgem Richyal, co-managers of Pendal Global Select Fund, have spent more than 17 years building one of Pendal’s most successful investment strategies.
JOHCM’s fund managers are attracted by its entrepreneurial approach, investment autonomy and central support. This allows focus 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.
Regnan is a wholly-owned responsible investment leader with a long, proud heritage providing advice and insights on environmental, social and governance (ESG) issues.
For many years Regnan’s pioneering analysis has changed the way investors and businesses think about value creation and their wider responsibilities to society.
Building on that expertise, in 2020 Regnan expanded its capabilities into responsible investment funds management, backed by the considerable resources of Pendal Group.
Regnan now offers an innovative sustainable and impact investment solution, Regnan Global Equity Impact Solutions Fund.
Managed by a four-person team based on London, this investment strategy is designed to combine positive change and attractive returns.