US manager sees value in New Zealand

Another US fund manager comes to New Zealand.

Friday, June 14th 2013, 7:27AM

US-based Altrinsic Global Equities Trust, which has $16.3 billion in assets under management, is looking to come to New Zealand.

The manager, which specialises in international equities, is already offering its funds in Australia.

Connecticut-based Altrinsic is a high conviction, fundamental value orientated global equity manager. It specialises in company research and identifies investment opportunities across the full market-cap spectrum in both developed and emerging markets.

Altrinsic’s investment philosophy is based on the belief that a company’s valuation is a function of its future financial productivity (i.e. a return on capital relative to the cost of capital) adjusted for associated risk. The firm implements this philosophy by taking a long-term view and capitalising on mispriced securities in world equity markets.

The firm will be represented in New Zealand by  Clayton Coplestone and Heathcote Investment Partners.

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