01
Relative value
We buy what's cheap versus its own history and versus alternatives. Absolute price is noise.
ASOR Asset Management · Adelaide
Investing with discipline, across markets.
A global investment fund headquartered in South Australia. We allocate capital across equities, fixed income, currencies and commodities, with a mandate built for consistent, long-horizon performance.
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Mandate
0 asset classes
Equities, fixed income, currencies and commodities, allocated across geographies based on relative value and macro regime.
Domicile
0 HQ
Australian-based, globally-invested. Managed independently from Adelaide, SA, with direct access to the manager for every investor.
Horizon
0+ yr
Long-horizon compounding. Preservation of capital first, patient allocation second, asymmetric conviction third.
Equities
Fixed Income
Currencies
Commodities
Macro
Volatility
Equities
Fixed Income
Currencies
Commodities
Macro
Volatility
Strategy
Four pillars of how we invest.
02
Macro regime
Growth, inflation, liquidity. The regime dictates which assets earn their premium.
03
Position sizing
Kelly-informed, drawdown-constrained. Survive first. Compound second. Concentrate when conviction is high.
04
Patience
Most of investing is waiting. We hold cash when setups are poor and act decisively when they arrive.
“ The stock market is a device for transferring money from the impatient to the patient. ”
Philosophy
What we believe.
Markets reward patience, not activity.
Most of investing is waiting for setups where the odds are clearly in your favour. We size positions to survive being wrong and to compound when we are right.
Diversification is a tool, not a religion.
We allocate across asset classes to smooth outcomes, but we concentrate when conviction is high and risk is measurable.
Fees should reflect value.
A structure aligned with investors. Direct access to the manager. No layered intermediaries between capital and decisions.
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