“No matter what your age or job in life, you are more mature if you have found a “cause” in which to invest your time and money for some social good. Through it you can achieve an outstanding characteristic of emotional maturity – the ability to find satisfaction in giving.”
Why Invest with Menninger?
“We outperform peers because we invest conservatively but unconventionally.”
As one of Australia’s leading independent wealth managers, we advise on exclusive global investment funds for our Investment Partners, which include: affluent individuals, private families and for-purpose organisations who all share our unequivocal long-term value investment philosophy.
Our investing edge is twofold:
1) a true long-term orientation and
2) the flexibility provided by our uniquely broad investment mandates.
We believe in order to achieve exceptional results we must differentiate ourselves from the crowd by investing differently; we believe that these two distinct points of difference will continue to enable us to do just that.
Our Investment Process
We believe that process is the only factor anyone can completely control in an endeavour.
Time is precious and best spent wisely. We organise our research efforts into Opportunity Sets, primarily where there are forced sellers or absent buyers. Our Opportunity Sets are where we believe we will find pockets of low risk returns.
As investors we don't have to swing at every pitch and part of our investment process is maintaining a watchlist of high quality companies that we monitor.
High Conviction
Our view is that an investor is better off knowing a lot about a few investments than knowing a little about numerous holdings.
Our very best ideas are likely to generate higher returns for a given level of risk than our hundredth best idea.
Focused
We will invest in only 10 to 30 investments, which creates high active management and prevents closet indexing.
Over a full business cycle of 5 to 7 years, we strive to outperform the major equity markets by not looking like them.
Long-Term
We are an independent investment manager with no conflicting strategies.
We can make investments that are currently unpopular and may fluctuate significantly over the near term, but have a high-return potential over multiple years.
Global
We fish where the fish are.
We invest where there are opportunities, unconstrained by asset class or geography.
Where exceptional value opportunities emerge, we will evaluate them.
Our investment partners enjoy profits from exceptional opportunities outside of the conventional hunting grounds.
Our Partnership Approach
“Our objective is to partner with the companies in which we invest by providing long-term patient capital”
We are driven by our passion to be a partner of world class businesses. As a partner, we act in a constructive manner to support management teams and boards in creating long lasting shareholder value.
For our private company investments, we typically join the existing board and have an active level of engagement with the business and management team. We support our private companies in a variety of ways and adapt the nature of our support to the specific needs of each business.
For our public company investments, we simply remain committed long-term shareholders who cheer on the management team and board from the side lines. In some circumstances, we may play a more active role similar to our private company investments; this active role can take varying forms.
The result of Our Partnership Approach, over time, is that we develop a deep relationship with the management teams and boards of the companies we invest in. Our approach aligns interests, creates trust and is repeatable. We have acted as a sounding board on matters from developing corporate strategies to major transactional events such as mergers and acquisitions, capital raisings and bank re-financings.
Please refer to Our Corporate Capabilities section below for more details.
For-Purpose Organisations
“Menninger Capital is the leading provider of investment management and philanthropic services to the ‘for-purpose’ sector.”
Working with and servicing ‘for-purpose’ organisations is a cornerstone of the Menninger Capital business. Following successful engagements as Corporate Advisors to many ‘for -purpose’ organisations, in 2017 Menninger Capital established a bespoke Investment Management service.
Today, our For-purpose Investment Management team specialise in investment strategies that are empathetic to the core purpose of clients that operate in the ‘for-purpose’ sector including foundations, education institutions, charities, membership organisations and hospitals.
We are committed to assisting our clients meet not only their fiduciary obligation to prudently manage their assets, but also provide strategic advice and guidance to help them meet their strategic goals and achieve their mission.
Philanthropic Services
Building on the broader investment capabilities of Menninger Capital, our For-purpose Investment Management team offers three core services that differentiate and elevate our offering to our ‘for-purpose’ clients.
Our Philanthropic Services team provides:
o Tailored strategic advice ranging from financial sustainability to donor engagement
· We provide tailored strategic advice to ‘for-purpose’ organisations and philanthropic entities to enable them to deliver on their mission.
o Assistance in the development of ‘best practice’ investment governance frameworks
· We assist clients to develop tailored, robust investment governance frameworks in line with international best practice.
o Access to exclusive research, education and capacity building opportunities
· We provide exclusive opportunities for our clients to learn from international experts and peers to enhance their capacity to execute their strategy.
In addition to providing strategic advice and guidance to our clients, members of the For-purpose Investment Management Team, and our advisor network, actively participate in the ‘for-purpose’ sector in volunteer and fiduciary roles. This experience enables us to give advice that takes into account the unique set of issues faced by organisations that must invest in a manner that will satisfy diverse stakeholders, in an environment of heightened focus on governance.
Investment Management
As a Menninger Capital client you have access to:
1) Bespoke investment advice that is underpinned by gaining a deep understanding of your mission and objectives, risk management, asset allocation, and fundamental research.
o We provide tailored advice and solutions for each and every client, underpinned by an approach which focuses on their mission and objectives, risk management, asset allocation and fundamental research.
o Our For-purpose Investment Management Team has developed a framework which covers the tailored needs of ‘for-purpose’ organisations with regard to portfolio construction and asset allocation.
o We note three key criteria that we see as of primary importance when considering your asset allocation:
1) Inflation: To truly offset inflation a range of growth assets are required.
2) Income: Balance income and capital growth with importance on total return.
3) Tax: The tax status of most ‘for-purpose’ organisations offers potential for greater income returns compared to most investors
o We recognise the different considerations that apply to ‘for-purpose’ organisations and devote considerable thought and resources to finding the most appropriate solutions.
2) The expertise and insight of the Menninger Capital For-purpose Investment Management Team specifically tailored to the needs of ‘for-purpose’ organisations
o The For-purpose Investment Management Team is a group of highly experienced investment strategists and analysts and the driving force behind our investment recommendations and asset allocation strategies.
o The For-purpose Investment Management Team undertakes in-house research across a diversified suite of asset classes. Supporting the team’s research is a wide range of views including those from our domestic and global research partners and other well-respected external industry research bodies.
o Drawing on these insights, the For-purpose Investment Management Team provides the information and tools for your Advisory Team to construct and manage your portfolio including:
· Our economic outlook
· Analysis of global investment trends, opportunities, challenges and investment markets
· Strategic and tactical asset allocation advice
· Direct model portfolio and advice
· In-depth managed funds research
o Menninger Capital operates an open source investment model that enables our ‘for-purpose clients’ Advisory Teams to utilise all asset classes, investment types and styles of management.
o This includes offering direct and managed options for each asset class:
· Listed, indexed and managed products
· The full spectrum of asset classes including:
· Australian equities
· Global equities – developed markets
· Global equities – emerging markets
· Fixed Interest
· Cash
· Alternative investments
o A wide range of best-of-breed product providers and fund managers
Why Engage with Menninger?
“As one of Australia’s leading independent corporate advisors, we ‘think outside the box’ for an exceptional group of public & private corporations and for-purpose organisations on their corporate strategy.”
We provide independent financial and strategic advice on a variety of corporate finance issues, including:
Mergers & Acquisitions and Amalgamations
Divestments & Demergers
Capital structure and dividend policy
Benchmarking & business optimisation
Equity capital markets
Debt restructuring and finance
We have a selection of contacts within independent advisory firms in Asia, North America and Europe which affords you, our client, the benefits of an international network with unrivaled local financial intelligence.
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