Conference Fund Managers
Our conference fund managers represent 35% of the portfolio which is allocated to approximately 10-15 securities based on the annual recommendations from the fund managers who present at the Sohn Hearts & Minds Investment Leaders Conference. HM1 will only invest in the long ideas that meet our investment criteria.
Each year, this portion of the portfolio will be replaced by the eligible recommendations from the next annual Sohn Hearts & Minds Conference.
For more information about the Conference and past fund managers visit www.sohnheartsandminds.com.au
2022 Sohn Hearts & Minds Investment Leaders Conference Fund Managers:
Anthony is the Portfolio Manager of Industrial Shares, SHARE-PLUS Long-Short and Co-Portfolio Manager of Perpetual Pure Equity Alpha.
Anthony has been with Perpetual for 10 years. Prior to joining Perpetual, he worked at Ellerston Capital for 6 years, where he was the Portfolio Manager for the Ellerston Capital Global Equity Management Fund for 2 years. Before that, he spent 4 years as an Analyst working on a long/short strategy. Prior to joining Ellerston Capital, Anthony worked as an Analyst at UBS Investment Bank for 8 years.
Anthony has a Bachelor of Economics from the University of Sydney and has earned the right to use the Chartered Financial Analyst designation.
Bob is a seasoned investor in global markets and has been refining his quality growth process for more than 27 years.
Zimbabwean born, Bob has lived and worked in Africa, the UK and Australia. He started his career with Anglo American and Fleming Martin in Africa, before joining Seilern Investment Management in London in 2002 as a Portfolio Manager and Head of Research.
He joined Claremont Global in 2012 as Senior Research Analyst and in 2017 was appointed Head of Claremont Global and Co-Portfolio Manager.
Bob leads Claremont with an egalitarian approach, empowering the team to individually play to their strengths within a highly collaborative environment.
He holds a BA in Politics and Economics from the University of Western Australia and is a CFA Charterholder.
Catherine Allfrey is a Portfolio Manager and Principal at WaveStone Capital which she co-founded in 2006. Along with portfolio management responsibilities, Catherine is a specialist across the Banks, Diversified Financials & Media sectors.
Prior to founding WaveStone Capital, Catherine has had various roles in financial services, most recently at Colonial First State Investments which she joined as an investment analyst in the GDP Plus team in 1998 before becoming a Portfolio Manager in 2002, managing a top 20 concentrated Australian fund and a Sector Neutral fund.
Catherine was named Investment Manager of the Year at the 2017 Women in Finance Awards and was the first woman inducted into the Hall of Fame at the Australian Fund Manager Awards.
Samuel Terry Asset Management
Fred is the Founder of Samuel Terry Asset Management, which manages a $500m fund. The fund invests in a concentrated portfolio of about 20 names in Australia and overseas. It invests across the capital structure, including debt, equity and options. Samuel Terry does not consider itself an activist investor, but has been involved in a variety of proxy fights and has made several takeover bids.
Prior to establishing Samuel Terry in 2003, Fred worked in London as a Director and Portfolio Manager of Hunter Hall, an Australian fund manager. Before that, he ran a family office in Monaco. Fred started his career in 1981 as an office boy in a stockbroking firm and then worked on the trading floor of the Sydney Stock Exchange.
Fred has an Economics degree from the University of Sydney.
James Miller is a Founding Partner and Portfolio Manager at Firetrail, a high conviction investment firm managing more than $6bn in Australian and global equities.
James has more than 15 years’ experience as a Portfolio Manager and Analyst. Prior to founding Firetrail, James was the co-lead Portfolio Manager of the award-winning Macquarie High Conviction Fund, Macquarie Australia Plus Fund, and Macquarie Pure Alpha Fund.
Today, James is a Portfolio Manager for the Firetrail S3 Global Opportunities Fund which is a concentrated portfolio of Firetrail’s best global ideas with a sustainable edge.
FACT Capital (USA)
Joyce is the Founder of FACT Capital (FACT stands for Fairness, Alignment, Compounding, and Transparency), which innovates on the hedge fund model and applies ‘first principles’ thinking to investment framework, portfolio/research transparency, technology use, and incentive alignment for long term compounding. Prior to FACT, Joyce was Partner at Vernier Capital and Research Analyst at MSD Capital and Goldman Sachs Investment Partners.
Joyce graduated Summa Cum Laude from the Huntsman Program of the University of Pennsylvania, receiving a BA in International Studies and a BS in Economics from the Wharton School. Joyce received the Rhodes Scholarship and graduated with Distinction from Oxford University with an MSc in Financial Economics and an MSc in Economics for Development. Joyce was also recognized as Forbes 30 under 30 (2014) and Wharton 40 under 40 (2015).
She speaks Mandarin and Spanish fluently. As hobbies, she volunteers with Givology - a 100% volunteer-driven non-profit she co-founded in 2008, enjoys reading, and plays ice hockey.
Tribeca Investment Partners
Jun Bei Liu is the Portfolio Manager of Tribeca’s Alpha Plus Fund. Since taking over sole responsibility for managing the Fund, she has doubled AUM to over $1bn, making it one of the largest long short equity funds in the Australian market. She is a passionate, motivated, and dedicated investment manager having built a 16-year career at Tribeca, starting as an equity analyst and spending time several years as a Portfolio Manager before taking over the Alpha Plus Fund in 2019.
Jun Bei has always had a keen interest in financial markets and the challenges they present. She is fluent in Chinese and only learned English as a teenager upon leaving China and emigrating to Australia as a 16-year-old. Her commitment to self-improvement saw her complete a commerce degree at the University of NSW followed by a number of additional finance credentials including GAICD and CFA. She has strong family values and has managed to build her career while also juggling family life and raising two young children.
She is a prolific contributor to Australia’s financial services sector, writing a regular column for the AFR and making frequent appearances for key media outlets and as a speaker at industry events. She especially enjoys the opportunity to share her knowledge and love for markets with investors and has a keen interest in helping promote the growth of like-minded females within the financial services community where she enjoys playing a mentoring role via serving on the advisory committee for Australian Student Asset Management. Her early childhood has given her an energy for life and a strong desire to contribute to society, particularly those who are less privileged. She is a volunteer for Raise Foundation Board and continues to look for opportunities where she can share her experience and network to benefit others.
Nick is a founding Partner and the Chief Investment Officer of Munro Partners.
Nick is responsible for the investment management of Munro’s key investment funds and the formulation and implementation of the proprietary investment process.
Nick has over 20 years experience working in financial services and has been managing global long / short equity mandates for over 15 years.
Nick was Head of International Strategy on the K2 Select International Absolute Return Fund 2005‐2015, a Member of the K2 Asset Management Asset Allocation and Currency Exposure Committee, Senior Analyst (Global Oil and Gas) at Deutsche Bank UK 2000‐2005 and Manager Australian Equities for Commonwealth Financial Services 1996‐1999.
Nick holds a Bachelor of Commerce (Hons) degree from the University of Melbourne, a Graduate Diploma in Applied Finance and Investment and a Registered Representative of the Sydney Futures Exchange.
Eminence Capital (USA)
Ricky founded Eminence Capital in 1999. Today, Eminence is a ~$5.7bn global investment management organisation investing client capital across global financial markets as well as private equity markets. As CEO and CIO of Eminence, Ricky is responsible for setting the firm’s strategic direction as well as directly managing its 20+ person investment team and diversified investment portfolio. Prior to launching Eminence, Ricky was Co-Founder and Co-General Partner of Fusion.
Capital Management, LLC. Prior to that he was a research analyst covering a wide range of industries and companies for Mark Asset Management, where he began his investing career in 1991. Ricky received a BBA in Accounting and Finance graduating with Honours from the University of Wisconsin. Ricky has served as a Board member for the University of Wisconsin Foundation and as a member of its Development Committee, Investment Committee and Traditional Asset Subcommittee. Ricky is also a Chartered Financial Analyst.
Auscap Asset Management
Tim is a founder of Auscap Asset Management, which has been running successfully since inception 10 years ago.
He has 18 years’ experience in the financial services industry. He has managed the Auscap Long Short Australian Equities Fund since 2012. From 2007 to 2011 he was an executive director at Goldman Sachs where he was responsible for managing an Australian equities long short portfolio using proprietary funds. Prior to 2007 he worked at Macquarie Bank within the investment banking group.
Tim is a CFA charterholder, a CMT charterholder, a Senior Associate of FINSIA, a Graduate of the Australian Institute of Company Directors and has a Bachelor of Laws (First Class Honours) from the University of Sydney and a Bachelor of Commerce from the University of Sydney.
Regal Funds Management
Tim is Portfolio Manager and Head of Mining Investments at Regal. Prior to joining Regal in January 2018 he spent almost 8 years at Glencore, where as Executive General Manager - Business Development & Strategy, he was Global Head of M&A for the largest division and led a series of landmark transactions. Prior to this Tim spent almost 5 years as an investment banker specialising in mining takeovers & acquisitions as well as capital raisings.
Tim holds a triple degree in Commerce (Finance), Engineering and Laws from the University of Melbourne. He is a CFA Charterholder and completed the General Management Program at Harvard Business School in 2016.