Webinar Replay: Concentration By Design

Sands Capital Global Focus is coming to Australia. Watch the replay of our inaugural webinar introducing the fund and its Portfolio Manager to the market.  

One of the world’s first specialist growth managers, Sands Capital was founded in 1992 by Frank M. Sands, Sr, who trained under the pioneer David Babson, recognised alongside T. Rowe Price as one of the founders of growth-stock investing as a discipline.  

Independent and staff-owned, the firm has built its global reputation on proprietary, fundamental research that identifies leading growth businesses around the world. That consistency in process has earned Sands Capital its pedigree, and made it a preferred sub-adviser to leading fund sponsors globally..

Having navigated multiple market cycles, the team focuses on understanding the strength and duration of each business’s long-term growth drivers. That depth is only possible through a concentrated, conviction-weighted portfolio. Global Focus holds a select group of businesses, typically 20, and each one must meet six investment criteria, a philosophy they have applied for over 30 years to identify businesses it believes can sustain above-average earnings growth.  

That long-term view extends beyond public markets. Sands Capital’s investments in venture and private capital provide the team access and insight into growth businesses years earlier in their lifecycle, which gives them a natural advantage.

With a track record of more than 5-years, Global Focus is led by a team with deep experience. Danielle Menichella, who is presenting this session, co-manages it with David Levanson, a founder of the Global Growth Strategy.: Scroll to section

For the first time, Australian advisers and their clients will be able to access it through Specialised Private Capital’s Australian-domiciled fund.

Join us as we hear directly from Danielle Menichella, as she details Sands Capital’s distinct and time-tested approach to global growth.

 What you'll come away with:

In the session, Danielle Menichella, CFA, Portfolio Manager at Sands Capital:

• Sets out the six criteria Sands Capital applies to narrow a global universe down to a select group of exceptional growth businesses, and the evidence behind the approach.

• Shows how Global Focus has behaved against a global benchmark through drawdowns, and what its active share and concentration mean for tracking error inside a diversified model.

• Walks through recent portfolio activity, including where the team is finding growth outside the obvious names, and why Sands Capital has stepped back from most software businesses.

• Takes the questions allocators ask before committing: where the strategy sits alongside an existing global equity manager, what weight range Sands Capital has seen work in comparable structures, and what capacity remains.

Kieran Canavan, Chief Investment Officer at Specialised Private Capital, hosts and moderates the Q&A. 

Presenter: Danielle Menichella, Portfolio Manager, Sands Capital
Host: Kieran Canavan, Chief Investment Officer, Specialised Private Capital
Format: On-demand replay. 45 minutes of presentation, then 15 minutes of live Q&A.