Onside Issue 6 - 27
27
Is what you do complicated and
hard to understand?
How would you describe your
investment style?
At Seneca, we believe in keeping things simple.
Our funds do not use any complex investments
or strategies. On the contrary, we invest only in
companies, funds or assets of which we have a
clear understanding, and where we believe we
can convey that understanding to investors.
We are value investors and have coined the
unique term 'Multi-Asset Value Investing' or
'MAVI', which is about buying good quality assets
when we consider them to be undervalued. It
is a simple and sensible philosophy that can be
applied to both markets and individual securities
- it can even be applied to grocery shopping!
While the philosophy may be simple, however,
the application is intricate. The truth is, if value
investing were easy, everyone would be doing it.
In a nutshell, how does Seneca
Investment Managers think about
investment?
Our sole focus is on Multi-Asset investing. As
Multi-Asset investors, we invest in a wide range of
asset classes and geographies, delivering what we
believe is a true Multi-Asset approach. To do this as
a boutique investment house, we need to be very
well-organised, with a well-structured investment
team and a clearly defined investment style.
As an active manager, investing in real assets
rather than passive indices, we seek to add value
over and above the returns that can be achieved
by simple market exposure, whilst balancing these
returns with the risks we take to achieve them.
Our approach allows us to make investment
decisions across the Multi-Asset spectrum.
Furthermore, since return and risk are related,
it is important to note that buying things cheaply
is an effective risk management tool as it helps
avoid permanent loss of capital by providing a
'margin of safety'.
Table of Contents for the Digital Edition of Onside Issue 6
Contents
Onside Issue 6 - Cover1
Onside Issue 6 - Cover2
Onside Issue 6 - Contents
Onside Issue 6 - 4
Onside Issue 6 - 5
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Onside Issue 6 - Cover3
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