Manager Overview

Fairlight Asset Management is a boutique firm investing exclusively in global equity markets. The investment approach is grounded in fundamental research, long term in nature and has a strong focus on quality. The team believe a portfolio of the highest quality businesses, purchased with valuation discipline will outperform over the long term whilst protecting and preserving client capital.

Fairlight is an authorised representative of Perennial Value Management Limited ABN 22 090 879 904, AFSL 000247293 and is appointed as the Investment Manager of the Fund. Fairlight was established in 2018 and is an independent, global small and mid cap equity specialist. Fairlight uses its resources, experience and expertise to manage the Fund.

Manager's responsible investing approach

Fairlight's investment strategy is executed with an ethical mindset, with screens against industries such as tobacco, armaments, gambling, alcohol, and mining. Fairlight is a signatory to the UN Principles for Responsible Investment and is committed to actively avoiding companies that unequivocally cause harm to people and the environment.

Fairlight believes the way a company manages ESG issues is often a good indicator of its overall risk levels and general management quality. It considers the management of ESG to be a key determinant of a company's long-term success. Companies with better ESG performance can increase shareholder value by better managing risks related to emerging ESG issues. Fairlight incorporates ESG into its investment process through a few different mechanisms, such as industry exclusion screens, which eliminate the more obvious sources of ESG risk, for each of the companies it researches companies are scored across a range of ESG metrics, which generates a cost of capital charge that is an input into company valuation. Companies with relatively poor ESG practices are penalised and as a result, are unlikely to be owned within the portfolio. It practices active ownership by engaging with companies on ESG issues (including disclosure) and voting its proxy rights.