Jonathan Wilson, portfolio manager and co-founder of Elvest, says the sharemarket tumble this year has revealed compelling opportunities.
Against this backdrop, Wilson and his business partner and fellow portfolio manager Adrian Ezquerro, who both left Clime after managing its small companies fund for years, have unveiled Elvest. The acronym is short for Emerging Leaders Investment Company, a small-cap investment house focusing on Australian companies.
“It’s a blank canvas and we’re finding more sensible prices for quality,” says Wilson. “It’s a fantastic time to start a fund,” he adds. “We can come out the other side of this and look back at this moment as an exceptional opportunity to accumulate good quality businesses.”would weigh on global growth and impact Australia the focus for Wilson now is to identify attractive companies at a reasonable price.“Our job is to pick stocks. We’re optimistic.
The company’s market opportunity could be as much as 20 times its current recurring revenue base, according to Wilson, and the company has displayed discipline on costs. “What gives us comfort is that it’s not trading at very high multiples on current earnings and that means that successful execution is not priced in,” says Wilson.
In the final year Wilson worked on the portfolio, it fell 2.1 per cent while its benchmark soared 16.9 per cent, according to Clime.
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