Tim Carleton serves as Chief Investment Officer and founder of Auscap Asset Management, having established the firm in 2012 with over 20 years of experience in financial services including previous roles at Macquarie and Goldman Sachs. The investment team includes Will Mumford as Deputy Portfolio Manager and Gavin Rogers as Investment Manager, collectively bringing over 50 years of experience from leading investment managers and global investment banks. Auscap Asset Management is entirely owned by staff with all investment team members materially co-invested in the funds they manage, ensuring strong alignment with investor interests. Since inception in December 2012, Carleton has delivered an annualized net return of 15.0% compared to 9.7% for the All Ordinaries Accumulation Index, representing a 5.2% annual outperformance versus the market over the fund's life.

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Auscap follows a quality first, value focused investment approach centered on identifying and investing in high-quality, competitively advantaged, and growing businesses bought at attractive valuations. Quality first means investing in businesses that have competitive advantages, with discipline around the price they are willing to pay. The firm maintains a long-term, patient approach leveraging rigorous fundamental analysis, focusing on 70 to 80 great businesses in the domestic Australian market. Their core belief is that successful long-term investing is about having a sound process that will lead to solid results over time, emphasizing capital preservation before capital appreciation. The investment philosophy is built on the principle that good businesses tend to surprise on the upside while poor businesses constantly disappoint, with managing risk taking priority before managing money.

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