Michael Goldberg, Managing Director of Australia’s #1 ranked large-cap Australian Equities Value Fund by multiple independent research houses, was recently interviewed by Owen Raszkiewicz as part of the ‘Australian Investor’ podcast.
The interview provides a deep dive into the background and mindset of one of Australia’s leading Value investors and includes discussion of Michael’s introduction to investing, personal investment philosophy and the things he looks for in a compelling investment idea.
To listen to the interview please click here.
About the Collins St Value Fund
Boutique by design, bespoke by nature. The Collins St Value Fund is:
- Always seeking to challenge the status quo in the delivery of superior investor outcomes, with a focus on capital preservation first and foremost. This can lead us towards quite a unique portfolio of investments which, over time, have been underpinned by a range of bespoke convertible note, take-over arbitrage, special dividend and management buy-out investments, alongside unconstrained access to any ASX listed stock.
- Genuinely high conviction and does not attempt to be ‘all things to all people’. The number of portfolio positions is typically between 8 – 20 and we are not afraid of putting up to 10% into an idea regardless of where it sits in the All Ordinaries Index. We believe superior returns are best achieved with deep and differentiated insights into a small number of stocks – after all, the wider the research and more diverse the holdings the more ‘index’ like returns you can expect.
- Passionately unconstrained. True value knows no boundaries and a true investor should be free to pursue them, wherever in the market they may be found. The Fund has, in the past, taken significant exposures to Gold, Uranium, selected Pharmaceutical stocks and niche Property Services and Infrastructure companies, whilst maintaining the freedom to allocate to Cash in the absence of an otherwise compelling opportunity.
- Truly aligned. Investors in the Fund need to make money before our business does. If your investment does not increase in value we receive no management fees, it’s that simple. The complete absence of any fixed management fees incentivises both capital preservation and careful management of capacity.