The Axius Partners Podcast: Recent Episodes
Axius Partners
Listen to the latest news and insights from Axius Partners and it's world class clientele. Axius Partners Pty Limited (“Axius”) was established in 2011 to provide bespoke Fund Placement, Funds Management and Capital Advisory solutions. Capital Advisory:Axius provides Advisory Services across the capital spectrum including capital and debt solutions, restructures and workouts, property and development finance together with strategic advice. Fund Placement:Axius focuses on sourcing Fund Managers from around the world and representing them to Institutional, Family Office, Private Bank and Wealth Manager investor segments. Incubation and Partnering:Axius will consider joint ventures and partnering arrangements with local and international Fund Managers seeking to establish an Australian business.
On this episode Patrick Meegan provides a Quarter 3 update for the Hotchkis and Wiley Global Value strategy.
The Global Value strategy seeks to own 40-60 of the most attractive values in the domestic and international equity markets. The strategy has a great deal of flexibility with respect to market cap and geography and will hold many of the firm's best investment ideas. We look for durable businesses run by shareholder-friendly managers that are trading at low multiples of normalized earnings.
Since its inception in Los Angeles in 1980, Hotchkis and Wiley has focused exclusively on finding and owning undervalued securities that we believe have potential for appreciation. We manage value equity and high yield assets for institutional and mutual fund investors. The firm is independently owned with a majority interest held by employees.
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For important performance and disclosure information
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It is the responsibility of any persons wishing to engage investment advisory services to inform themselves of and to observe all applicable laws and regulations of any relevant jurisdictions. Prospective clients should inform themselves as to the legal requirements and tax consequences within the countries of their citizenship, residence, domicile and place of business with respect to the acquisition, holding or disposal of any investments in stock or bonds, and any foreign exchange restrictions that may be relevant thereto. Hotchkis & Wiley’s products or services are not registered for public sale in Australia, New Zealand or Papua New Guinea, respectively. The information is provided for informational purposes only. Opinions, estimates, forecasts, and statements of financial market trends that are based on current market conditions constitute our judgment and are subject to change without notice. We believe the information provided here is reliable. The views and strategies described may not be suitable for all clients. References to specific securities, asset classes and financial markets are for illustrative purposes only and are not intended to be, and should not be interpreted as, recommendations.
Axius Partners General Disclaimer
The Trustee for Axius Partners Unit Trust ABN 85 102 756 347 as a corporate authorized representative (CAR No.1009220) of Axius Services Pty Ltd ABN 30 147 736 696 AFSL 499 066 (‘Axius’ or ‘we’) represents Hotchkis & Wiley Capital Management, LLC as its distributor. This material does not constitute investment advice or any offer or solicitation to sell investment advisory services in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities law of that jurisdiction. This material is directed at and intended for wholesale clients, professional clients, eligible counterparties and other “institutional investors”. This material is not intended to provide you with financial or tax advice and does not take into account your objectives, financial situation or needs. Although we believe that the material is correct, no warranty of accuracy, reliability or completeness is given, except for liability under statute which cannot be excluded. Please note that past performance may not be indicative of future performance and that no guarantee of performance, the return of capital or a particular rate of return is given. This material is proprietary to Axius. No portion of the podcast may be published, reproduced, transmitted or rebroadcast in any form without the express written permission of Axius.
On this episode of the Axius Partners Podcast we talk to Paul Williams who is the Head of International Business Development at Polen Capital. Paul provides an introduction to Polen Capital and also the importance of culture throughout the organization. Paul talks through how since 1979 Polen Capital has been able to maintain an excellent firm wide culture and core values which has underpinned the strong performance across all their strategies.
Polen Capital is an independently owned, employee-controlled global investment management firm. They specialize in providing concentrated, high-quality growth equity strategies and serve a client base that includes public funds, sovereign wealth clients, corporate retirement plans, endowments and foundations, family offices, and high net worth individuals.
Legal DisclaimerIt is the responsibility of any persons wishing to engage investment advisory services to inform themselves of and to observe all applicable laws and regulations of any relevant jurisdictions. Prospective clients should inform themselves as to the legal requirements and tax consequences within the countries of their citizenship, residence, domicile and place of business with respect to the acquisition, holding or disposal of any investments in stock or bonds, and any foreign exchange restrictions that may be relevant thereto. Polen Capital Management products or services are not registered for public sale in Australia, New Zealand or Papua New Guinea, respectively. The Information is provided for informational purposes only. Opinions, estimates, forecasts, and statements of financial market trends that are based on current market conditions constitute our judgment and are subject to change without notice. We believe the information provided here is reliable. The views and strategies described may not be suitable for all clients. References to specific securities, asset classes and financial markets are for illustrative purposes only and are not intended to be, and should not be interpreted as, recommendations.
Axius Partners General DisclaimerThis material has been prepared by the Trustee for Axius Partners Unit Trust ABN 85 102 756 347 as a corporate authorised representative (CAR No.1009220) of Axius Services Pty Ltd ABN 30 147 736 696 AFSL 499 066 (‘Axius’ or ‘we’) and is for general information purposes only and is not an offer or solicitation for the purchase or sale of any financial product or service. The material has been prepared for wholesale, institutional and professional clients and is not intended to provide you with financial or tax advice and does not take into account your objectives, financial situation or needs. Although we believe that the material is correct, no warranty of accuracy, reliability or completeness is given, except for liability under statute which cannot be excluded. Please note that past performance may not be indicative of future performance and that no guarantee of performance, the return of capital or a particular rate of return is given. Axius may hold positions in investments described in this material. This material is proprietary to Axius. The recipient of this material agrees not to reproduce or distribute this material in whole or in part and not to disclose any of its contents to any other person. This material is not intended for use by any US Person (as defined by the US Securities Act 1933) and is not for distribution and does not constitute an offer to or solicitation to buy any securities in the USA.
On this episode we speak to Patrick Meegan from Hotchkis and Wiley. We discuss the Hotchkis and Wiley Global Value strategy; the recently published whitepaper from Hotchkis and Wiley titled The Revival of Value Investing; the historic and current Growth vs Value gap trend; the recent Value rotation and the catalysts behind this; how the Hotchkis and Wiley Global Value strategy seeks to capitalize on this reversal; and also the outlook for Value as a whole.
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All investments contain risk and may lose value. This podcast is for general information only and should not be relied on for investment advice.
The portfolio manager’s views and opinions expressed in this podcast are as of April 22, 2021. Such views are subject to change and may differ from others in the firm, or the firm as a whole. The portfolio manager’s comments include some estimated and/or forecasted views, which are believed to be based on reasonable assumptions within the bounds of current and historical information. However, there is no guarantee that any estimates, forecasts or views will be realized. Any discussion or view on a particular company, asset class/segment, industry/sector and/or investment type are not investment recommendations, should not be assumed to be profitable, and are subject to change. In the event of new information or changed circumstances, H&W reserves the right to change its investment perspective and outlook and has no obligation to provide revised assessments and opinions.
As of March 31, 2021, the securities identified comprise the following percentages of a representative account within the Global Value strategy: General Electric 4.5%, Microsoft 2.3% and Wells Fargo 5.0%. These securities do not represent all securities purchased, sold, or recommended for advisory clients, and may not be indicative of current or future holdings or trading activity. Please contact H&W at hotchkisandwiley@hwcm.com for a complete list of current/past securities holdings, subject to the firm’s portfolio holdings disclosure policy.
Investing in equity securities have greater risks and price volatility than U.S. Treasuries and bonds, where the price of these securities may decline due to various company, industry, and market factors. Investing in foreign as well as emerging markets involves additional risk such as greater volatility, political, economic, and currency risks and differences in accounting methods.
A value-oriented investment approach involves the risk that value stocks may remain undervalued or may not appreciate in value as anticipated. Value stocks can perform differently from the market as a whole or from other types of stocks and may be out of favor with investors and underperform growth stocks for varying periods of time.
Market Disruption: The global coronavirus pandemic has caused and continues to cause disruption in the global economy, unprecedented business and travel disruption and extreme fluctuations in global capital and financial markets. H&W is unable to predict the consequences of the upheaval caused by coronavirus pandemic, which, depending on the severity and the length of the outbreak, has the potential to negatively impact the firm’s investment strategies and reduce available investment opportunities.
©2021 Hotchkis & Wiley. All rights reserved. No portion of the podcast may be published, reproduced, transmitted or rebroadcast in any form without the express written permission of H&W.
Past performance is not indicative of future performance.