Investors have lost trillions. Advisors have lost the respect and confidence of their clients and their practices have suffered from declining AUM and client outflows. Traditional models have failed.
Hybrid Portfolio Theory provides an alternative to advisors and investors that want to safeguard their portfolio from unexpected negative black swan events, while positioning for the opportunity to benefit from positive asymmetrical outcomes.
Investors have lost trillions. Advisors have lost the respect and confidence of their clients and their practices have suffered from declining AUM and client outflows. Traditional models have failed.
Hybrid Portfolio Theory provides an alternative to advisors and investors that want to safeguard their portfolio from unexpected negative black swan events, while positioning for the opportunity to benefit from positive asymmetrical outcomes.
Netwealth portfolio construction series - Why you should consider investing o...netwealthInvest
Julian Beaumont from Bennelong Australian Equity Partners presented a webinar session on how to invest outside of the top 20 ASX stocks, for Netwealth on May 26, 2016.
As Indians, we are generally risk averse towards our investments. We believe that our money should be protected at any cost and there should be no risk involved. Hence, we agree to settle down for investments that seem to offer a guaranteed return which in reality does not beat inflation and hence devalues the money in the long term.
Building a systematic stock portfolio in only a few hours per yearStockopedia
Ed Page Croft reveals the simple but powerful systematic stock portfolio strategy that has helped him consistently achieve market-beating returns. To access the webinar in full please visit: http://why.stockopedia.com/creating-a-portfolio/
Investment basics wayne lippman
Wayne Lippman has forty years of involvement in broad daylight bookkeeping incorporating a quarter century Price Waterhouse, where he served as an expense accomplice in the San Francisco and Oakland workplaces. He was already Managing Tax Partner of the Walnut Creek office of Price Waterhouse.
Wayne spends significant time in individual assessment getting ready for corporate officials and corporate duty anticipating firmly held organizations. He has huge involvement in investment opportunity arranging, exploration and trial credits and multi-state tax assessment. His industry experience incorporates the tax assessment of assembling, dispersion, development, high innovation, retail, benefit commercial enterprises, land organizations and endeavor reserves. Wayne is dynamic in expert associations and is a past administrator of the Taxation Committee of the California Society of Certified Public Accountants, East Bay Chapter. Wayne Lippman got a Bachelor of Arts degree in Economics from the University of California, Berkeley and a Master of Science degree in Taxation from Golden Gate University.
It is good to know the basics before making investments in Stock Markets. History has recorded scores of investors who have made fortune out of stock market. And if your investments are timed well, you could be the next fortune maker in the market.
investment strategies to grow your income. How much risk can you subject your investments to? How much can
you afford to lose in the near future? Remember that most forms of
investment have risk associated with them. Simply pick investment
instruments that match your risk tolerance.
The link between risk and reward on the stock marketStockopedia
Ed Page Croft helps private investors explore the link between risk and return through the new Stockopedia RiskRatings and StockRank Styles - available now for every stock in the market.
Netwealth portfolio construction series - Why are ETFs gaining in popularity ...netwealthInvest
Part of Netwealth's portfolio construction webinar series - Vinnie Wadhera from BetaShares presented to an audience on 14th September 2016 about Exchange Traded Funds (ETFs) and strategies on how ETFs can be used in a portfolio.
http://profitableinvestingtips.com/stock-investing/designing-an-investment-portfolio
Designing an Investment Portfolio
Designing an investment portfolio may be the most important thing you do in investing. There are tips and insights to make you money but over the long haul profitable investing hinges on hedging investment risk as well as picking winners. Here are a few insights into designing an investment portfolio.
Matching Portfolio Risk to the Investor
We have often noted that as an investor ages he or she will commonly want to move to dividend stocks instead of riskier investment. Business Insider gives an example of analyzing the portfolio of a retiree for risk.
What’s one trademark of a poorly designed investment portfolio? The answer is a portfolio whose risk character is incompatible with the risk character of its owner.
Frequently, these risk incompatibilities are camouflaged by a hot stock market. But when the market reverses and begins to fall like it has lately, the problems of investment portfolios with unsuitable risk levels becomes apparent.
Factors to consider are cost, diversification, risk, tax efficiency and long term performance. You may be invested in a fund that pays good returns but those returns are largely eaten up by fees and commissions. If you were invested heavily in big oil you lost heavily when the price of oil fell. Diversification across various market sectors is good. Tax free or tax advantaged investments are good if you are still in your earning years but less important as you retire. Risk and long term performance are closely related. As the author says when the market is hot all stocks look good but when it falls only strong companies hold their value. If you would like to sleep well at night load up on long term strong performers.
Unexpected Outcomes
Sometimes strategies for designing an investment portfolio do not work out as expected. The New York Times writes about investment strategies mean to lessen volatility and how they may not have worked as expected.
FIRST, RUSSIA – UKRAINE AND NOW IT’S ISRAEL –
HAMAS! WHAT IS LYING AHEAD FOR INDIAN MARKET ?
Investment
Gyan Market Indicators
Inspiring Investment Story
Netwealth portfolio construction series - Why you should consider investing o...netwealthInvest
Julian Beaumont from Bennelong Australian Equity Partners presented a webinar session on how to invest outside of the top 20 ASX stocks, for Netwealth on May 26, 2016.
As Indians, we are generally risk averse towards our investments. We believe that our money should be protected at any cost and there should be no risk involved. Hence, we agree to settle down for investments that seem to offer a guaranteed return which in reality does not beat inflation and hence devalues the money in the long term.
Building a systematic stock portfolio in only a few hours per yearStockopedia
Ed Page Croft reveals the simple but powerful systematic stock portfolio strategy that has helped him consistently achieve market-beating returns. To access the webinar in full please visit: http://why.stockopedia.com/creating-a-portfolio/
Investment basics wayne lippman
Wayne Lippman has forty years of involvement in broad daylight bookkeeping incorporating a quarter century Price Waterhouse, where he served as an expense accomplice in the San Francisco and Oakland workplaces. He was already Managing Tax Partner of the Walnut Creek office of Price Waterhouse.
Wayne spends significant time in individual assessment getting ready for corporate officials and corporate duty anticipating firmly held organizations. He has huge involvement in investment opportunity arranging, exploration and trial credits and multi-state tax assessment. His industry experience incorporates the tax assessment of assembling, dispersion, development, high innovation, retail, benefit commercial enterprises, land organizations and endeavor reserves. Wayne is dynamic in expert associations and is a past administrator of the Taxation Committee of the California Society of Certified Public Accountants, East Bay Chapter. Wayne Lippman got a Bachelor of Arts degree in Economics from the University of California, Berkeley and a Master of Science degree in Taxation from Golden Gate University.
It is good to know the basics before making investments in Stock Markets. History has recorded scores of investors who have made fortune out of stock market. And if your investments are timed well, you could be the next fortune maker in the market.
investment strategies to grow your income. How much risk can you subject your investments to? How much can
you afford to lose in the near future? Remember that most forms of
investment have risk associated with them. Simply pick investment
instruments that match your risk tolerance.
The link between risk and reward on the stock marketStockopedia
Ed Page Croft helps private investors explore the link between risk and return through the new Stockopedia RiskRatings and StockRank Styles - available now for every stock in the market.
Netwealth portfolio construction series - Why are ETFs gaining in popularity ...netwealthInvest
Part of Netwealth's portfolio construction webinar series - Vinnie Wadhera from BetaShares presented to an audience on 14th September 2016 about Exchange Traded Funds (ETFs) and strategies on how ETFs can be used in a portfolio.
http://profitableinvestingtips.com/stock-investing/designing-an-investment-portfolio
Designing an Investment Portfolio
Designing an investment portfolio may be the most important thing you do in investing. There are tips and insights to make you money but over the long haul profitable investing hinges on hedging investment risk as well as picking winners. Here are a few insights into designing an investment portfolio.
Matching Portfolio Risk to the Investor
We have often noted that as an investor ages he or she will commonly want to move to dividend stocks instead of riskier investment. Business Insider gives an example of analyzing the portfolio of a retiree for risk.
What’s one trademark of a poorly designed investment portfolio? The answer is a portfolio whose risk character is incompatible with the risk character of its owner.
Frequently, these risk incompatibilities are camouflaged by a hot stock market. But when the market reverses and begins to fall like it has lately, the problems of investment portfolios with unsuitable risk levels becomes apparent.
Factors to consider are cost, diversification, risk, tax efficiency and long term performance. You may be invested in a fund that pays good returns but those returns are largely eaten up by fees and commissions. If you were invested heavily in big oil you lost heavily when the price of oil fell. Diversification across various market sectors is good. Tax free or tax advantaged investments are good if you are still in your earning years but less important as you retire. Risk and long term performance are closely related. As the author says when the market is hot all stocks look good but when it falls only strong companies hold their value. If you would like to sleep well at night load up on long term strong performers.
Unexpected Outcomes
Sometimes strategies for designing an investment portfolio do not work out as expected. The New York Times writes about investment strategies mean to lessen volatility and how they may not have worked as expected.
FIRST, RUSSIA – UKRAINE AND NOW IT’S ISRAEL –
HAMAS! WHAT IS LYING AHEAD FOR INDIAN MARKET ?
Investment
Gyan Market Indicators
Inspiring Investment Story
Netwealth portfolio construction series - Successful value investing in small...netwealthInvest
During our March webinar Steve Johnson, Chief Investment Officer at Forager Funds Management, shares his views on how to successfully invest in small and medium sized companies, including developing a winning investors mindset.
Module 6.1Putting aside opinions you may have regarding huma.docxgilpinleeanna
Module 6.1
Putting aside opinions you may have regarding humane issues, consider that sleep deprivation has been used as a means of torture for many years. What are its primary effects, and why would these effects be considered useful in interrogation?
6.2
System Admin
Max Points: 6.0
What is the most significant effect of injuries to or abnormalities in the hypothalamus on behavior? Why is this effect the most significant?
Zhou 1
Investment Policy Statement
This IPS is designed for a young investor less than a 28 years old with the investment beliefs and principles. The primary objective of this investment policy statement is mainly aimed to monitor portfolio allocation against holding limits, and to consider personal situation make revisions to portfolio. What’s more, the main objective is mainly to achieve long term growth which is based on price appreciation. The purpose of the portfolio is to target annual returns of 12%. The annual and targeted allocation in order to target the return would be 60% stocks, 30% bonds and 10% cash. The portfolio’s rate of return is not guaranteed for the future investment and therefore, future returns may change over time. The portfolio will be rebalanced on annual basis. By using the five-year annual data for the different assets, investment holding period will be determined through annual review, efficient frontier and when an assent is inefficient, it will be replaced.
Stock-Trak Portfolio Report
Investments Policy Statement for 25-year-old
Funds are going to be in are going to be invested in higher to moderate-risk investment opportunities that has equally greater to lower risk such as the NASDAQ and S&P 500, therefore, the investor seeks an annual return from this investment of approximately 12%. In order to achieve the target return, 40% equity in mid/small-cap stocks and 20% in International stock. 30% of the portfolio is to be Inter-Term Government Bonds and Corporate Bonds. The remaining 10% are going to held in cash.
Actual asset allocation will be allowed to vary within a reasonable range of plus or minus an absolute 5 percent or 15 percent of the target asset allocation. The portfolio is going to be rebalanced when actual asset allocation over the reasonable range.
Name: Ying Wang
Stock-Trak Report
Summary of Investment policy
Risk: Risk Averse
Time Horizon: Long-term
Portfolio Selection: Cash, equities and bonds
Shortw-term liquidity need: Yes
Portfolio Selection Rationale
According to modern finance theory, an efficient portfolio earns highest expected returns under certain risks and has lowest risks under certain expected returns. Because I am risk averse, my expectation is to beat inflation. I only invest 32% of money in equity and bond market. My portfolio includes 68% of cash, 21% of S&P 500 ETF (SPY), 8% of Vanguard bond market ETF (BND) and 3% of Antero Resources Corporation (AR).
For equity investment, I mainly follow passive investment strategy. S&P 500 index E ...
Proactive Alternatives strategies for the sophisticated HNW investor with actively managed accounts. A currency hedge works well against rising interest rate volatility.
Ashton Global Emerging Managers Presentation.pdfAshton Global
Our automated fintech portal efficiently matches emerging managers with potential capital providers and streamlines the funding process. We have democratized the capital introduction process by automating the steps that are necessary for emerging managers to engage with institutional investors.
https://ashtonglobal.com/
Our goal is to match world-class managers that are capable of generating sustainable alpha, with investors looking for niche and uncorrelated investment strategies.
Seed capital providers in our network can include pension funds, family offices, foundations, hedge funds, funds of funds, and global banks.
We recognize the importance of our capital providers and their commitment to place capital with our managers.
We have a commitment to matching new and diverse managers with an infrastructure of support, mentoring, and capital provided by sophisticated long-term investors.
Our incentive structure allows for all stakeholders to participate in “win-win” seed transactions.
Ashton Global uses a global network across a variety of industries and disciplines to source undiscovered investment managers that are capable of generating sustainable alpha over time. We provide a platform for institutional investors to access the higher returns of emerging managers via seed capital transactions. Our key partnerships and experience in manager due diligence supports our robust emerging manager platform.
https://ashtonglobal.com/pages/general-information
https://twitter.com/ashtonglobal
https://www.youtube.com/user/AshtonGlobal
Ashton Global seeks to identify emerging portfolio managers that generate alpha by investing in non-traditional equities and special opportunities.
https://www.ashtonglobal.com/
https://twitter.com/ashtonglobal
https://www.facebook.com/ashtonglobal?ref=hl
Ashton Global maintains long-standing relationships based on trust. We seek to be the best emerging manager platform in the world and we are dedicated to exceeding the expectations of our investors.
Ashton Global seeks to identify emerging portfolio managers that generate alpha by investing in non-traditional equities and special opportunities.
https://www.ashtonglobal.com/
https://twitter.com/ashtonglobal
https://www.facebook.com/ashtonglobal?ref=hl
Ashton Global trip to Kenya
https://www.ashtonglobal.com/africa-frontiers-fund
Africa Frontiers Fund
Portfolio Manager, Joel Mwaura
The Africa Frontiers Fund is a portfolio managed by Joel Mwaura and is focused on East Africa with a special interest in Kenya. Here are photos from our recent due diligence trip.
http://africafrontiersfund.com/
Ashton Global Direct Lending
Ashton Global provides businesses with secured term loans for growth
Ashton Global can finance mezzanine and sale-leaseback transactions
Ashton Global is an emerging manager platform that specializes in niche investment strategies related to international markets, small-cap stocks, and special situations.
Ashton Global LLC
phone: +1 (212) 514 8953
email: info@ashtonglobal.com
website: www.ashtonglobal.com
https://twitter.com/ashtonglobal
https://www.youtube.com/user/AshtonGlobal
https://plus.google.com/113261363132613249476/posts
https://www.facebook.com/ashtonglobal?ref=hl
https://www.linkedin.com/company/ashton-global-llc?trk=top_nav_home
Ashton Global is an emerging manager platform that specializes in niche investment strategies related to small-cap stocks and special situations.
https://www.ashtonglobal.com/
https://www.linkedin.com/company/ashton-global-llc
https://www.facebook.com/ashtonglobal/posts
Ashton Global is an emerging manager platform that specializes in niche investment strategies related to small-cap stocks and special situations.
https://www.ashtonglobal.com/
https://www.linkedin.com/company/ashton-global-llc
Collective Mining | Corporate Presentation - May 2024
Presentation - Ashton Global LLC
1. DEEP VALUEGLOBAL PLATFORM TEAMWORK
A global fund platform for niche strategies focused
on mispriced assets, small-cap stocks and deep
value special situations.
We identify companies and assets with complex
characteristics that are trading significantly
below intrinsic value.
We utilize our key partners to identify and invest in
undervalued stocks and global special situations.
Ashton Global LLC
International Small-Cap FundMarch 2018
Deep Value
Small-Cap
Special
Situations
2. Investment Disclosure on Risks
2
An investor should consider the fund’s investment objectives, risks, charges and expenses carefully before investing or sending money. This and other important
information about the fund can be found in the fund’s prospectus, or, if applicable, the summary prospectus. Any decision to invest in Ashton Global funds
should be made on the basis of the current prospectus, which is available on request at info@ashtonglobal.com. Read the prospectus carefully before investing.
All investing involves risk, including potential loss of principal. There is no guarantee that the fund will achieve its objective. Investing in smaller companies can
involve risks such as having less publicly available information, higher volatility, and less liquidity than in the case of larger companies. Overweighting
investments in certain sectors or industries increases the risk of loss due to general declines in the prices of stocks in those sectors or industries. Investments in
technology companies may be highly volatile.
3. We Go Where There’s Opportunities
Scavenging the Globe for Value3
COUNTRY AGNOSTIC
SECTOR AGNOSTIC
As an emerging fund manager, we can deploy capital in deep value
and special situations that are overlooked by larger investors. We go
anywhere there’s a rule of law to find deep value opportunities.
We don’t manage our portfolios according to benchmarks, and we can
overweight or underweight sectors based on our expectations of value
and future returns.
4. Our portfolio managers identify and specialize in small-
cap and micro-cap deep value investments. With a global
mandate, the fund invests truly where it sees the most
value.
Investors realize higher returns through our vigilant focus on
minimizing the costs associated with active investment
management. Long holding periods and 30% annual
turnover help to minimize costs.
1
We Always Work Diligently to Exceed Your Expectations
2
3
Our three-year track records have generated strong risk-
adjusted returns driven by our unique and unconstrained
investment strategy.
4
Top Three Reasons to Invest
Great Track Record
Cost-Efficient Active Management
Access to Niche and Inefficient Markets
An investor should consider the fund’s investment objectives, risks, charges and expenses carefully before investing or sending money. This and other important information about the fund can be found in the fund’s prospectus, or, if applicable,
the summary prospectus. Any decision to invest in Ashton Global funds should be made on the basis of the current prospectus, which is available on request at info@ashtonglobal.com. Read the prospectus carefully before investing.
All investing involves risk, including potential loss of principal. There is no guarantee that the fund will achieve its objective. Investing in smaller companies can involve risks such as having less publicly available information, higher volatility, and
less liquidity than in the case of larger companies. Overweighting investments in certain sectors or industries increases the risk of loss due to general declines in the prices of stocks in those sectors or industries. Investments in technology
companies may be highly volatile.
5. Portfolio Manager Snapshot
Thinley Wangchuk is a partner at Ashton Global and the
lead portfolio manager for the Ashton Global International
Small-Cap Fund via a sub-advisory relationship with
Wangchuk Capital.
Thinley has ten years of investment experience with
expertise in small-cap stocks, arbitrage and special
situations. He holds a degree in Management with a
concentration in Finance from the University of British
Columbia.
“To outperform the market, an investor must be willing and
able to invest in the smallest of companies. Non-traditional
equities such as micro-cap stocks offer investors the
opportunity to earn above-average returns while taking less
risk.”
Our Philosophy
Why invest in small-caps?
Historically, the market has rewarded
investors that are willing to purchase
thinly-traded stocks.
Institutional investors value liquidity and
prefer the ability to liquidate any holding
within a short time frame (i.e. minutes &
hours).
As a result, securities that require a
larger time commitment to liquidate
often trade at significant discounts from
fundamental value.
Why international stocks?
Diversification, growth and a more
extensive set of opportunities.
International investment returns can move in a
different direction than U.S. market returns.
With a portfolio that includes domestic and
foreign stocks, investors could potentially
reduce the risk of losing money if U.S. markets
decline.
Investing internationally also lets you capture
investment opportunities that arise from fast-
growing economies and markets whose
currencies are appreciating against the dollar.
Our Process
Our process begins with screening methods to identify companies trading below book
value with favorable fundamentals.
Many of the investments also have imbedded optionality that is difficult for most market
participants to price.
We perform a bottoms-up scenario analysis to determine our estimates of intrinsic
value.
We require a margin of safety with each holding in the portfolio and companies are
selected based on their relative discounts to our estimates of intrinsic value.
The deep-value tilt to our investment strategy lowers portfolio volatility.
Thinley Wangchuk, Portfolio Manager
11. 1.87
300MB Disk
Space
Unlimited Web Mail
45 GB bandwidth
Sharpe Ratio
300MB Disk
Space
Unlimited Web Mail
45 GB bandwidth
300MB Disk
Space
Unlimited Web Mail
45 GB bandwidth
Sharpe Ratio
It is a modification of the
Sharpe ratio but penalizes only
those returns falling below a
user-specified target or required
rate of return.
Sortino Ratio
The Calmar ratio is a comparison of
the average annual
compounded rate of return and the
maximum drawdown risk.
Calmar Ratio
1.94Sortino Ratio
2.03Calmar Ratio
Risk Analysis
Fund Offers Downside Protection With Upside Potential11
The Sharpe ratio is the average
return earned in excess of the
risk-free rate per unit of volatility.
12. Risk Measures Benchmark Comparison
12
ACWI Benchmark Our Fund
Representative amount of
$1,000 invested at the
fund’s inception
1,302.71 1,763.58
Max Drawdown 13.36% 9.15%
Peak-To-Valley Apr 15 - Feb 16 Jul 15 - Jan 16
Recovery 10 Months 6 Months
Sharpe Ratio 0.68 1.87
Sortino Ratio 0.19 1.94
Calmar Ratio 0.62 2.03
Standard Deviation 3.01% 2.50%
Downside Deviation 2.09% 1.54%
Correlation 0.6 N/A
Mean Return 0.71% 1.46%
Positive Periods 26 (65.00%) 31 (77.50%)
Negative Periods 14 (35.00%) 9 (22.50%)
December 31, 2014 - March 31, 2018
13. Summary Terms
We Strive to Be the Best Performing Fund Platform in the World13
Ashton Global ISCF L.P.
Subscription $100,000
Management Fee 0.66%
Performance Fee 20%
Lock-Up Period None
Investment
Frequency
Daily
Withdrawal
Frequency
Daily
Other Fees None
An investor should consider the fund’s investment objectives, risks, charges and expenses carefully before investing or sending money. This and other important information about the fund can be found in the fund’s prospectus, or, if applicable,
the summary prospectus. Any decision to invest in Ashton Global funds should be made on the basis of the current prospectus, which is available on request at info@ashtonglobal.com. Read the prospectus carefully before investing.
All investing involves risk, including potential loss of principal. There is no guarantee that the fund will achieve its objective. Investing in smaller companies can involve risks such as having less publicly available information, higher volatility, and
less liquidity than in the case of larger companies. Overweighting investments in certain sectors or industries increases the risk of loss due to general declines in the prices of stocks in those sectors or industries. Investments in technology
companies may be highly volatile.
15. THANK YOU
48 Wall Street, New York, NY 10005
Tel: +1 212 514 8953
Email: info@ashtonglobal.com
www.ashtonglobal.com
Facebook.com/ashtonglobal
@ashtonglobal