Globally Diversified Research-Driven Investing

Our Philosophy

Our team of portfolio managers and analysts follow a research-oriented investment process. We emphasize fundamental analysis of capital markets, industries, and individual securities to identify attractively-valued investment opportunities and to manage portfolio risk. While aware of the market indices against which clients judge our performance, we believe attractive risk-adjusted returns are best achieved by focusing on select countries, industries, and companies. We measure our success by meeting or exceeding the goals mutually agreed upon with our clients.

Asset Allocation

Augustine allocates client capital among its proprietary equity and fixed income strategies on a discretionary basis. We determine allocation among the broad financial asset classes based on client objectives and our analysis of valuations, relative return, and risk potential.

Equity

Augustine manages equity strategies with active decisions on security selection, sector allocation, and regional positioning. We apply an investment process based on systematic screening, on fundamental research of individual securities, sectors, industries, capital markets, and the economy, and on portfolio construction that aims to produce excess returns with controlled risk. We favor securities that exhibit a combination of traits conducive to capital appreciation and risk control: quality, value, and improving fundamentals. Portfolios holds between 30 and 50 securities, an amount suitable for diversification and risk management while having high conviction investments.

Strategy	Objective & Characteristics
Global Equity	Capital appreciation and income. Globally diverse.
Yield Equity	Income and capital appreciation.
Emerging Markets Equity	Capital appreciation and income from emerging markets.

Fixed Income

Augustine manages benchmark-differentiated fixed income strategies that follow a systematic investment approach combining top-down macroeconomic views with bottom-up fundamental research. The fixed income strategies are active regarding duration, credit quality, and sector exposure based on the investment team’s expectations for the economy, interest rates, inflation, credit spreads, and repayment performance. The integration of fundamental, market, and data analysis produces security-level conviction regarding value and risk. We focus on finding relative value and seek to exploit inefficiencies in different sectors of the fixed income market.

Strategy	Objective & Characteristics
Core Plus Fixed Income	Income. Low volatility.  Active credit and interest rate strategy.
Short Term Fixed Income	Income. Low volatility.  Low interest rate risk.