WaveStone Capital: Australian Equities Investment Managers

About WaveStone

WaveStone Capital (WaveStone) is a specialist boutique Australian Equities manager based in Sydney. Founded in 2006, WaveStone aims to provide tax-effective income and capital growth over the long-term by investing in a portfolio of quality businesses, with a Sustainable Competitive Advantage (SCA) – businesses with superior corporate DNA operating within industries with favourable dynamics that deliver above market earnings growth.

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Approach

WaveStone is an active high conviction manager with a bottom-up stock-picking process. WaveStone invests in proven business models with an equity market capitalisation greater than $200m at the time of purchase. Typically, the companies they invest in are prudently financed, well managed and have a track record of success.

The WaveStone team apply growth, quality and valuation tests, positioning their investment style towards growth at a reasonable price (GARP). WaveStone’s approach tends to favour companies that will grow earnings faster than the market over the medium term.

Our Funds

WaveStone Dynamic Australian Equity Fund

Australian Equities

The Fund offers investors a benchmark unaware long/short Australian equities opportunity with the objective to add value over the long term through a high conviction portfolio.

WaveStone Australian Share Fund

Australian Equities

The Fund is an actively selected portfolio of Australian shares managed with the aim of outperforming the S&P/ASX 300 Accumulation Index over rolling three-year periods.

ESG

WaveStone realise the importance of sustainability for all companies, and that they as fund managers have an active role to play. WaveStone strongly believes that responsibly managed companies are more likely to achieve a sustainable competitive advantage and provide strong long-term growth. Incorporating ESG factors into their investment process enables WaveStone to assess risks and opportunities that are not yet reflected in asset values.

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Transparency

WaveStone’s quarterly ESG reports outline activity and insights.

Integration

The consideration of ESG issues is embedded in WaveStone’s corporate DNA principles.

Active ownership

Company engagement is an integral part of the investment process.

Memberships

WaveStone is a signatory to the UNPRI, Climate Action 100+ and HESTA 40:40.

Resources

Downloads & Links

12H Report

Tax Guide

AMMA Guide

ESG

ESG Policy

ESG Engagement Policy

WaveStone Proxy Voting Policy

WaveStone Proxy Voting

Insights

View all insights

Finding Alpha Podcast | Reporting season, what you need to know

Catherine Allfrey from WaveStone Capital takes a look at the recent reporting season, sharing her view on the banks, resources and M&A activity as well as what to look out for in the months ahead.

Why resilience and uniqueness spell sustainable competitive advantage (and two stocks that meet the brief)

WaveStone Capital’s Henry Hill believes success comes down to sustainable competitive advantage and exploiting the herd. Here’s why.

Team

WaveStone Capital’s principal investment team have experienced events such as the tech bubble, September 11, 2001 and the Global Financial Crisis. We have managed multi-product and multi‑billion dollar funds in both wholesale and retail markets with distinction, throughout a range of market conditions and cycles.