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Avoca Investment Management

Avoca Investment Management (Avoca) was established in May 2011 by John Campbell and Jeremy Bendeich in partnership with Bennelong Funds Management (Bennelong). The team manages the Bennelong Avoca Emerging Leaders Fund, for which Bennelong is the Responsible Entity. The Fund, which typically holds 30-50 stocks (with a maximum of 70 allowable), is actively managed with investment decisions driven by the team's assessment of relative value. In turn, this is driven by deep fundamental investment research, which ultimately seeks to arrive at an intrinsic value for each stock. Through the application of sound risk management principles including sector and stock concentration rules and tracking error limits, the team seeks to minimise volatility of returns whilst maintaining strong long-term investment performance.

Four hot roll-ups we are avoiding

Avoca Investment Management
Avoca Investment Management A Bennelong boutique

Everyone loves a roll-up: Buy assets on a lower multiple to the one that you currently trade on and grow EPS. It’s as simple as that. Often the strategy doesn’t even require synergies to make it work. It can work whether or not the underlying market is exhibiting growth. If... Show More

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The growth stocks vulnerable to a selloff in 2017

Avoca Investment Management
Avoca Investment Management A Bennelong boutique

Back in February 2016, Jeremy Bendeich from Avoca Investment Management shared his list of stocks that were vulnerable to earnings misses, which formed a handy acronym - ‘BITBAD’. Blackmores, IPH, TPG, Bellamy’s, A2 Milk, and Domino’s Pizza. Since then, four of the six are down more than 20%. A simple... Show More

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