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Why is this number relevant? It’s currently the favourite stat for top-performing fund manager Richard Ivers, portfolio manager of the Prime Value Emerging Opportunities Fund
Ivers is most proud of this number because Prime Value Asset Management outperform 87% of the time in down markets.
“The foundation of our outperformance is in being able to manage the downside. It’s not just good stewardship, it’s good investing.”
As the ‘fastest bear market in history’ showed this time last year, markets can plunge quickly, and we can never be sure when the next correction – or crash – will occur.
From crisis to opportunity the market during coronavirus shows how powerful minimising losses can be, according to Ivers.
“The benefits from minimising losses are two-fold. Firstly, you better preserve the capital that you have. Secondly, and most powerfully, minimising losses allows you to maximise the buying opportunities which emerge in any market disruption.
“The coronavirus market correction opened the door to several good investments. Ongoing volatility has since provided more opportunities to buy quality companies.”
Capital preservation remains relevant as stocks march into bull market territory, according to Mr Ivers.
“You can still participate in a bull market while preserving capital. But you still need to pick companies which have strong balance sheets, good management and excellent prospects.
“Investing with an eye on capital preservation leaves you better positioned when the market experiences ructions, and better able to capitalise on the opportunities which emerge.”
Mr Ivers’ Prime Value Emerging Opportunities Fund has demonstrated how minimising losses can still deliver strong performance, after the Fund was ranked the second-highest performing Australian equities fund for 2020, according to Morningstar.
The Fund delivered 23.4 per cent (after fees) to investors for the calendar year, outperforming the market by 14.2 per cent (source: Morningstar).
The Fund has been a picture of consistency since launch over five years ago, having delivered 14.8 per cent (after fees) per annum to investors since inception to 28 February 2021.
Mr Ivers said targeting quality companies and avoiding the ‘hot stocks’ has been key to consistency. “Plenty of research shows fund managers which avoid big losses outperform the market in returns over time.”
10 August 2022
Today we’re delighted to welcome Richard Ivers and and Mike Younger, running point on the Prime Value Emerging Opportunities Fund at Prime Value Asset Management We got on the blower to Richard after the Prime Value Emerging Opportunities Fund kicked a goal by securing a rating among Australia’s ‘Star Managers’ by the fin services journos at Financial […]
9 May 2022
The RBA may have raised interest rates, but Matthew Lemke, fund manager (income funds) with boutique investment house Prime Value Asset Management, says cash investors are still in the wilderness, and now paying an even higher price for safety. Mr Lemke says growing inflation has left cash investors so far behind they are unlikely to […]
25 March 2022
Richard Ivers is portfolio manager of the Prime Value Emerging Opportunities Fund How have you beat the Small Ords without investing in resources stocks? Not investing in small resource stocks has been a headwind over the last six months. When resources stocks run, they tend to run hard, like we are currently seeing. But we have […]