Majedie Investments PLC (LSE:MAJE) Managing Director talked with Proactive at the One2One Investor Forum about the company's distinctive investment strategy and outlook. David Cornell explained that Majedie Investments aims to deliver annualized returns of 4% above inflation through a diversified portfolio.
The strategy includes three components: external managers, direct investments, and special investments. External managers account for around 60% of the portfolio and focus on niche areas like US biotech, Japan small caps, and European deep value. Direct investments make up about 20% of assets and target undervalued mid and small-cap stocks in markets such as the UK and Europe. Special investments, which represent about 15% of the portfolio, involve co-investments in situations where the investment sponsor has significant financial alignment.
Cornell highlighted a cautious view on broader market valuations and the US economy, with opportunities emerging in areas like copper, uranium, and selective credits. He emphasised that the portfolio is fully hedged back to sterling, except for special investments.
Majedie has seen an 18% increase in net asset value and a 33% rise in share price since Marathon Partners began managing the trust.
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