For more information contact: emailus@marcusevans.com An interview with: Russell Lester, Managing Director, Lester Group, a sponsor company at the marcus evans APAC Investments Summit 2012, discusses achieving returns and preserving capital in an uncertain economic environment. Join the 2015 Summit along with top industry investment executives and service and solution providers in an intimate environment for a focused discussion of key new drivers shaping corporate priorities and investment strategies. For more information contact: emailus@marcusevans.com

1. Preserving Capital in a
Volatile Investment Environment
well and holding for a long period of or directly manage a property and its
time through the volatility, until the development. This provides us with an
asset is fully-priced for its expected added tool to mitigate risk and drive
returns. Stability will be achieved over return.
time as realistic return expectations are
achieved.
How can investors preserve capital
in today’s economic environment? Stability will be
Today’s lack of investor confidence,
global financial pressures and achieved
Interview with: Russell Lester,
geopolitical issues, coupled with the
need to invest and produce returns, has over time as
Managing Director, Lester Group shortened investment time frames and
produced a volatile environment. This
does create opportunities, however, for
realistic return
“Today’s lack of investor confidence,
global financial pressures and
those who can identify deep-valued,
mis-priced assets.
expectations are
geopolitical issues, coupled with the
need to invest and produce returns, has This strategy necessitate a more achieved
shortened investment time frames and concentrated portfolio, with high levels
produced a volatile environment,” says of cash, as greater analysis and
Russell Lester, Managing Director, understanding of each opportunity is
Lester Group. Those who are able to required in order to develop realistic What long-term advice could you
identify deep-valued and mis-priced expectations. give to investors?
assets, however, will prosper in this
environment, he adds. What portfolio management Whether investing locally or abroad,
strategies would you recommend? investors must have a good
From a sponsor company at the understanding of the underlying assets
upcoming marcus evans APAC Investors’ portfolios should be heavily in which they invest. This means
Investments Summit 2012, taking weighted towards the assets in which understanding balance sheets and cash
place in Macao, China, 16 - 18 April, they have the greatest expertise and flows of corporate debt, sovereign debt,
Lester discusses portfolio understanding in. This will ensure that equity or properties, to ensure the
management strategies and achieving their expectations are more likely to be expected returns from the asset are
realistic investment returns. achieved. possible and likely.
When the economic environment is The long-term, deep-value approach is Buying well is also important, as this
so uncertain, how can investors find where our performance has been provides a margin of safety between the
the path to stability and success? achieved in equities and property. An asset’s returns and the investor’s
important aspect of this concentrated returns.
Markets are highly volatile at the strategy is the approach to risk
moment and will remain so; this is the management. We have to get close to Maintaining a long investment term is
new norm. We must get used to it and each investment, speak with easier if you adopt these two strategies,
frame our investing around this reality. management and understand the as they are required to ensure solid
The path to success is through buying business levers in the case of equities, returns are achieved.

2. About the APAC Investments Summit 2012
The Investment Network –
marcus evans Summits group This unique forum will take place at The Venetian Macao, Macao, China, 16 - 18
delivers peer-to-peer information April 2012. Offering much more than any conference, exhibition or trade show, this
on strategic matters, professional exclusive meeting will bring together esteemed industry thought leaders and
trends and breakthrough solution providers to a highly focused and interactive networking event. The
innovations. Summit includes presentations on growth despite the global downturn, fuelling
investments across the region and increased urbanisation and its corresponding
needs.
www.apacinvestmentssummit.com
Please note that the Summit is a
Contact
closed business event and the
number of participants strictly Stacey Melvin, Journalist, marcus evans, Summits Division
limited.
Tel: + 357 22 849 400
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About Lester Group
The Lester Group is a property investment and development business based in Perth, Western Australia with extensive experience
in establishing syndicated property assets. Its properties are structured as investment partnerships where a small number of like
minded investors join with the Lester Group to acquire a property. In most cases, the Lester Group is the largest investor in the
partnership and it manages all aspects of the property and the investment. The Group has 20 years property investment and
development experience across the commercial, industrial and residential property sectors and has built an extensive portfolio
valued at over A$100 million of owned and managed properties. The Group's success is underpinned by a highly skilled and
motivated team with diverse expertise across the property sectors and corporate management.
The Lester Group identifies and secures suitable properties and then facilitates investment by independent third parties with the
Group as partners. It actively manages the properties on an ongoing basis to ensure that the maximum financial return is
achieved, ensuring that the properties are fully tenanted, well maintained and developed to their highest and best use. It
administers the operations of the partnerships by managing its cash flows, arranging finance and delivering income to investors.
www.lestergroup.com.au
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To view the web version of this interview, please click here: www.apacinvestmentssummit.com/RussellLester