Japanese asset manager Nomura has announced the launch of a Global High Conviction Fund as part of its Ireland registered $6bn fund range.
The fund, which is Ucits compliant, offers an actively managed, highly concentrated and unconstrained global equity portfolio comprising 17-25 stocks. It is jointly managed by Tom Wildgoose, Normura UK’s head of Equity Investment and Ilan Chaitowitz, supported by by a team of 18 investment professionals.
Tom Wildgoose explains: “With our Global High Conviction Fund, we are seeking companies that offer quality at a discounted valuation. Behavioural biases often cause stock prices to deviate from intrinsic values. The fund’s investment process is designed to mitigate these biases through rigorous analysis and peer review. The concentrated portfolio is based on our insight that best ideas tend to contribute more to performance and high conviction ideas can actually be diluted by other holdings in more diversified mandates.”