Castle Point Funds Management is a boutique Fund manager which was formed in 2013 by Richard Stubbs, Stephen Bennie, Jamie Young and Gordon Sims.
We invest with a long-term perspective and focus on capital preservation. Double winner of the 2019 Zenith FundSource Boutique Manager of the Year and Australasian Equities awards.
Our investment philosophy and process seek to exploit market inefficiencies that exist, in our opinion, because financial market investors tend to:
- focus on recent past performance
- underestimate the effect of capital flows and the resilience of poor returning companies (we call this the ‘Value Opportunity’)
- underestimate the length of time growth companies can earn excess returns (we call this the ‘Quality Opportunity’).
We use disciplined investment processes to find, research and include investment opportunities in our portfolios.
Our investment commentaries frequently delve into examples that illustrate how our investment philosophy works in practice.
All our investment assets are safeguarded with MMC, the custodian of all our Funds.
The independent supervisor of our Funds are the Public Trust, a crown-owned trustee.
What Elon Musk’s new title might mean for markets Or … Tesla’s share price, intrinsic value or market madness
In this article we discuss the valuation rationale for Elon Musk’s largest asset, Tesla.
MORE»a2 Milk – growth stocks and downgrades don’t mix well
A case study in understanding how downgrades impact growth stocks, by Castle Point's Stephen Bennie.
MORE»Reporting season and forecasting a waste of time
Castle Point's Richard Stubbs questions whether there is much value to the effort and activity that goes in to six-monthly earnings announcements.
MORE»a2: could the milk be starting to turn?
Castle Point's Jamie Young looks at a2 Milk's standout success, and asks whether investors can expect this to continue?
MORE»A story of value v growth
Castle Point co-founder Gordon Sims tells a story about two companies; one a value play and the other a growth opportunity. Which one do you think is best?
MORE»Considering the trans-Tasman bubble
There is light at the end of the tunnel for a trans-Tasman bubble, but it is a long tunnel.
MORE»Will corporates embrace remote working?
Will the success of corporate employees working from home during lockdown lead to a permanent shift to workers being home-based?
MORE»Capital raises are coming – but will the price be right?
Castle Point takes a critical look at some of the ASX and NZX capital raisings we have seen so far as a result of Covid-19's economic impact. Do they represent good value for investors?
MORE»Negative news abounds; but things will get better
Castlepoint Funds Management director Richard Stubbs puts some investment perspective around Covid 19.
MORE»NZ equity returns for the next decade?
Jamie Young looks at the above normal returns achieved in 2019, how the market has been tracking since 2005 and what that could mean for 2020 and beyond.
MORE»Lowdown on NZ primary sector investment
There are more complexities to investing in the primary sector than you might imagine.
MORE»The importance of luck (and recognising it)
Castle Point Funds Management partner Stephen Bennie says that early in his career, an important mentor had a favourite saying, “I’d rather be lucky than smart”.
MORE»