Majedie Investments PLC · LSE:MAJE
Majedie Investments — Investor Presentation (September 2023)
13 slides from Majedie Investments's investor presentation, September 2023
Slide 1: Majedie Investments PLC
Majedie Investments PLC September 2023
Slide 2: Important regulatory information
Important regulatory information This document has been prepared by Marylebone Partners LLP circumstances. The Company can borrow money to make its investment strategies, and these beliefs and opinions are ("Marylebone") in its capacity as alternative investment fund investments (known as 'gearing')
Slide 3: Introduction
Introduction Majedie Investments PLC appoints Marylebone Partners LLP as new investment manager Following the sale of Majedie Asset Management to Liontrust plc., the Board of Majedie Investments PLC conducted a comprehensive review of the Company’s investment management arrangements, assisted by JP
Slide 4: The decision to appoint Marylebone Partners LLP
The decision to appoint Marylebone Partners LLP A unanimous choice to lead Majedie Investments PLC into an exciting new era Investment performance Experience Marylebone Partners has managed capital successfully to a Marylebone’s principals have previously managed capital total-return mandate, bo
Slide 5: Introducing Marylebone Partners
Introducing Marylebone Partners An independent specialist in managing capital for long-term total returns Executive Leadership Experience Led by Dan Higgins, a 12-person team brings varied backgrounds, perspectives and skills. Prior experience at industry-leading firms including Fauchier Partners, W
Slide 6: Marylebone Partners' liquid-endowment model
Marylebone Partners’ liquid-endowment model Capitalising on the investment trust format Criteria for a successful modern-day investment-trust Marylebone Partners’ liquid-endowment model emulates the long- term, fundamental mindset that has driven the success of elite university endowment programmes
Slide 7: A framework for the next decade and beyond
A framework for the next decade and beyond Taking advantage of greater dispersion in a new investing regime It took a pandemic to break a multi-decade regime of low % 6 inflation and falling interest rates(i) 10 The COVID-19 pandemic and subsequent events have broken a multi- 5 decade investment reg
Slide 8: The best alpha opportunity in many years
The best alpha opportunity in many years Long termism, and ability to identify the best ideas will be critical to success YTD stock dispersion percentile vs. past 20 years(i) 100% 93% 93% 87% 80% 80% 73% 73% 73% QE, ZIRP and other forms of ‘financial repression’ all created 60% headwinds for active
Slide 9: Marylebone's differentiated investment model
Marylebone’s differentiated investment model Combining three distinctive fundamental strategies Special Investments External Managers Direct Investments Eclectic, high-return-potential opportunities Global network of leading specialist funds Long-term investors in great companies ‘One Degree of Sepa
Slide 10: The new Majedie Investments portfolio
The new Majedie Investments portfolio Non-core legacy holding in Liontrust plc Eclectic Special Investments, comprising two will be exited in the open market activist co-investments in public equities, two stressed/distressed credit co-investments, one thematic idea in the listed Uranium sector and
Slide 11: Exposure Analysis
Exposure Analysis Role in Portfolio Classification Active Currency Exposure Geographic Profile 100% Equity-centric 51% 50% N. America 36% Absolute Return 28% 0% Europe 26% 6% 0% -6% Other 12% -50% Global 20% Real Assets 3% -100% UK 9% GBP USD EUR Cash 5% Emerging Markets 9% Special Investments Exter
Slide 12: A portfolio of structurally uncorrelated investments
A portfolio of structurally uncorrelated investments Idiosyncratic return drivers should result in a complementary yet positive outcome 24-month cross correlation between Majedie Investment PLC’s portfolio of holdings (excluding Special Investments) Correlation guide High Moderate positive Negligibl
Slide 13: Summary
Summary An exciting future for Majedie Investments PROPOSITION IMPLEMENTATION TERMS Differentiated returns through three Sensitive yet swift transition to new liquid Flat fee structure based on market distinctive, complementary and endowment approach. capitalisation. fundamental strategies. Immediat
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