Portfolio Management
We design multi-asset and direct equity portfolios to enhance returns and lower risk.
Our portfolios are actively managed using a core-satellite approach and our team has outperformed key benchmarks, in a range of market conditions.
Customised portfolios are available to meet individual client or dealer group needs.
Our investment philosophy is detailed in our investment approach below.
Clients can access portfolio files, comprehensive reporting and advice text through our downloads centre.
Managed accounts
Our portfolios are available as managed accounts on leading investment platforms.
Our team members have had experience implementing portfolios as separately managed accounts since 2014. Managed accounts offer a number of benefits for the investor:
We've found that following an investment strategy with discipline increases returns and reduces risk. Managed accounts adhere more closely to an investment strategy than is possible for an Adviser manually managing multiple portfolios, leading to better results for investors.
Our separately managed account portfolios are available on Macquarie Wrap and CFS Wrap, with other platforms in progress.



Macquarie Wrap Separately Managed Accounts
Three Aequitas separately managed account portfolios are available on Macquarie Wrap.
FirstWrap Separately Managed Accounts
Four Aequitas separately managed account portfolios are available on FirstWrap, under "Colonial First State Managed Account PDS".
Our Investment Approach
We believe that macro risk, factor risk, and asset-class risk premia can be timed, to improve risk adjusted returns.
We search for mispricing using the filters below:
1. Parse the market narrative
You need a variance to market to find the gold.
2. Regimes and the constellation of asset prices
The filters give us a list of candidate investment ideas or themes. But it’s rare for all the signals from these filters to be consistent. If they were, investing would be simple.
So the second part of our process is a nod toward the efficient market hypothesis. We compare our interpretation to the response of the market.
3. Search for instability
We believe that stability begets leverage which begets instability. When economic conditions are benign the increased use of leverage, and lending to more marginal borrowers, appears no less safe than loans and investment decisions undertaken at earlier stages of the cycle.
As such, a deep dive is also required into the company, market or region under consideration. This involves an examination of granular economic, financial and company data. It also requires an understanding of the institutions, political, legal and market structures that drive each region.
This process is quite involved, not the least of which is evaluating the management teams of companies.