At Freehold, we hold the view that over the long term, listed and unlisted market returns converge. However, in the short to medium term, and despite common underlying assets, the markets can move independently creating inefficiencies. Additionally, the individual sectors within property and infrastructure exhibit different investment characteristics – both between them and by region. The impact is that both factors provide the potential to derive excess returns from the allocation of capital to structures, sectors and regions that are more undervalued than others on a relative basis.
We integrate the following principles in our investment approach:
Exploitation of inefficiencies: capitalising on information and research based advantages to identify opportunities
Exploitation of thematic trends – economic and demographic
Research effort: bottom up fundamental analysis with a top down overlay
For investors, we currently manage in excess of $500 million. They choose Freehold because we have the following key capabilities which enable strategy execution:
We offer a range of funds that suit different investor risk profiles, though broadly our focus is on providing stable and reliable risk-adjusted returns.