Expert insights – Stuart Cartledge
Finding undervalued listed securities overlooked by others
Expert insights – Stuart Cartledge
Finding undervalued listed securities overlooked by others
MANAGING DIRECTOR, PHOENIX PORTFOLIOS
Stuart Cartledge is the founder and Managing Director of Phoenix Portfolios and the Portfolio Manager for the award-winning Cromwell Phoenix Property Securities Fund. Prior to establishing the business in 2006, Stuart had built a very strong track record in the listed property security asset class in his role as Head of Property Securities at Citigroup Asset Management. Stuart has been actively managing portfolios of domestic securities since 1993 and was instrumental to building the A-REIT business at Citigroup. Stuart holds a master’s degree in engineering and management from the University of Birmingham and is a Chartered Financial Analyst.
Phoenix Portfolios is a boutique funds management business, with a sharp focus on three distinct investment strategies, made available to retail investors via three Funds.
- The Cromwell Phoenix Property Securities Fund was launched in 2008, to invest in locally listed property and property related securities.
- The Cromwell Phoenix Opportunities Fund was launched in 2011, and its focus is also domestic, but is predominantly comprised of small / micro-cap stocks.
- Launched at the end of 2019, the Cromwell Phoenix Global Opportunities Fund takes Phoenix into offshore markets, predominantly comprised of offshore small / microcap stocks.
Each of these Funds are distributed by Cromwell Funds Management and managed by Phoenix Portfolios.
Phoenix Portfolio's investment philosophy
Phoenix is a boutique funds management business with a specific focus on niche segments of markets – areas where we can develop a knowledge based competitive edge.
With a low cap on Funds under Management across each product, Phoenix is able to invest in segments of the market that our larger peers have to ignore – this often means we invest in small and complicated opportunities – but with an increased chance of adding value for our clients.
To cater to the much wider universe, we make use of proprietary screens to whittle down the opportunity set into something much more manageable.
Phoenix invests alongside our clients in each of the three funds so our investors are very much aligned to our clients.
Watch an overview of our investment philosophy below