Northstar Asset Management

South African equities have rebounded strongly since the May 2024 elections, driven by reforms, improved business confidence, and a stronger rand, with SA-sensitive sectors leading the gains. Despite the recent rally, we believe valuations remain attractive, and the investment case compelling. Marco discusses this in his latest article. Link to article in the comments. #SAEquities #StrongerRand #AttractiveValuations #investing #NorthstarAssetManagement Marco Barbieri, CFA, FRM, Adrian Clayton, Matthew Bertram, Mark Seymour, First Avenue Investment Management, Northstar Asset Management

#IMGPortfolio | Northstar Asset Management Northstar is a boutique firm with a reputation for disciplined investing. Their process-driven approach emphasises deep research aimed at a meticulous level of understanding of each business or security in which they deploy client capital.  Paramount to their approach is creating an enduring investment reason to own an asset and to build a valuation framework that stacks the odds in favour of making money for investors.  This ensures high degrees of consistency in delivering real value across equity, fixed income, multi-asset, and global strategies.   Led by Adrian Clayton and a dedicated team of specialists, Northstar’s success is rooted in intellectual curiosity, analytical rigour, and a commitment to creating sustainable outcomes for its investors.   What truly differentiates Northstar is their steadfast belief in precision over scale and notably, for South African managers, outstanding performance offshore against global peers.     They favour tailored strategies that deliver measurable value for their clients. By remaining purposefully independent, Northstar embodies the entrepreneurial spirit central to IMG’s vision for the future of investment management.   CLOSER TO THE TRUTH www.northstar.co.za . . . #IMG #InvestmentManagersGroup #Northstar #NorthstarAssetManagement #AssetManagement #InvestmentManagement #IMGaffiliate

Strategic Asset Allocation (SAA) is designed to create a balanced, long-term investment strategy by setting target allocations across assets like equities, bonds, and cash, tailored to an investor's goals, risk tolerance, and timeline. While SAA promotes a disciplined, diversified approach aiming for stability and growth, it's essential to recognize its limitations—especially in changing market conditions. In this article, explore how SAA can form a strong investment foundation and where tactical adjustments can enhance outcomes. #InvestmentStrategy #AssetAllocation #WealthManagement Mark Seymour, Marco Barbieri, Adrian Clayton, Matthew Bertram, First Avenue Investment Management

In his latest article #MythBusters, Adrian Clayton explores how financial bubbles form and the impact of social media on speculative #investments. By analyzing past events like the #dotcombubble, he reveals the crucial traits that distinguish long-term winners from those swept up in hype. Adrian provides insights that can guide you in identifying solid investment opportunities amid the noise. Marco Barbieri, Mark Seymour, Matthew Bertram, First Avenue Investment Management

Congratulations Sebastian Holzbach, CFA

"The Northstar BCI Managed Fund remains constructively positioned for continued strength in equity markets, underpinned by the intrinsic value discounts reflected in both our global and local equity buy lists. Although local bonds have rallied significantly since the June 2024 elections, yields are trading at fair value, with attractive prospective returns when factoring in a further 100bps of central bank rate cuts." Mark Seymour Watch this video for more on the performance and positioning of the fund over the past quarter. Adrian Clayton, Matthew Bertram, Marco Barbieri, First Avenue Investment Management

First Avenue Investment Management and Northstar Asset Management have taken a unique approach when it comes to the co-operation agreement between the two businesses. In a discussion with Patrick Cairns for Citywire South Africa, Adrian and Hlelo talk to their process of working together and how it was approached, as well as what the future holds for the businesses. The co-operation between the firms has been highly successful. https://lnkd.in/eFUJAVmU

The #Northstar BCI #Equity Fund had a strong quarter, as it benefited from a strong rebound in South Africa-sensitive assets over the past six months. While we expect some volatility heading into year-end, we believe the medium-term outlook for #SouthAfricanCyclicals, particularly in banks, insurers, retailers, property, and general industrials, remains broadly favourable, with attractive #valuations. Listen to Marco Barbieri, CFA, FRM give an update on the performance and positioning of the Northstar BCI Equity Fund. Listen for more information on the fund's positioning, as well as opportunities we see looking ahead. Adrian Clayton, Mark Seymour, Matthew Bertram, First Avenue Investment Management

The Northstar Global Flexible Fund (USD) produced a strong quarter. Continuing with the long-track record of this strategy inside #NorthstarAssetManagement, its success is attributable to #StockSelection but for the quarter, the rotation out of #momentum and #growth styles and into defensive value, played squarely into the sweet spot for the fund. Watch video where Adrian Clayton unpacks the #performance, #positioning and outlook for the Fund. Marco Barbieri, Mark Seymour, Matthew Bertram, First Avenue Investment Management

The Northstar BCI Income Fund is best suited for low risk investors seeking to outperform inflation. The following is a commentary on the performance and positioning of the Northstar BCI Income Fund over the past quarter, as well as a brief outlook on what to expect looking ahead. Mark Seymour Adrian Clayton Matthew Bertram Marco Barbieri, CFA, FRM First Avenue Investment Management #IncomeFund #SAIncome #LowRiskInvestor