Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Capital Management launches fund

Walker Capital Management

7 February 2005

Walker Capital Management launches fund for retail investors

Boutique investment manager Walker Capital Management has launched its Research Selection Fund, a total return focused, trans-Tasman equity fund for retail investors. Its objective is to generate gross returns that average more than 15% p.a. (before taxes, fees and expenses) over rolling five-year periods.

Walker Capital Management Managing Director Stephen Walker said launching its first retail product was an exciting development for the company. “Until now we have only offered our services to investors with over $1 million to invest. We are delighted to now have a fund in which retail investors can also invest with us.” The fund has a total return focus and won’t hold stocks just because they’re in an index.

Mr Walker says that globally, investors are increasingly moving towards absolute and total return funds. “In this fund we simply cherry pick from the best money-making opportunities we identify in the New Zealand and Australian sharemarkets.”

When there are fewer opportunities worth investing in, the fund can hold up to 20% in cash, minimising the risk of permanent capital losses. Mr Walker added that “capital preservation is an important aspect of the fund”. “Our investment process is thorough and includes both qualitative factors, to assess how attractive a company is, and quantitative factors, to ensure that great companies are also great investments for us”, said Mr Walker.

While the fund is a new offering, Walker Capital Management has been managing wholesale funds using its Research Selection investment style for over two years and has produced outstanding results.

“For the two years ended 31 December 2004, our Australasian Research Selection style ranked first in the New Zealand Shares section of the Mercer Investment Consulting wholesale funds survey, with a gross return of 36.7% p.a.,” In line with most total return funds globally, the fund has a performance fee in addition to its 1.0% annual management fee. Walker Capital Management earns 10% of all returns in excess of the fund’s performance benchmark, the NZSX 50 Portfolio Index.

About Walker Capital Management Limited.

Walker Capital Management is a boutique investment management company specializing in the management of Australasian equity funds. Prior to launching the Walker Capital Management Research Selection Fund its services have been available only to large investors via separately managed accounts. It was founded by Stephen Walker in 2001 and is 100% owned by its principals and their family interests. Clients include high net worth individuals, charities, master trusts, insurance funds and superannuation schemes. Funds under management currently total over $200m.


© Scoop Media

Business Headlines | Sci-Tech Headlines


I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>


Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news