Meeting Date: FRIDAY, 10 APRIL 2026
“Structure, Selection & Scaling the Investment Framework”
We are pleased to share a high-level summary of our latest Investment Committee Meeting, focused on the continued development of our high-conviction investment framework, portfolio construction methodology, and global manager insights.
Key Discussion Highlights
1. High Conviction Framework & Manager Selection
- Completion of a high conviction fund manager list, comprising 53 managers across 23 asset class sleeves.
- Each sleeve includes a select group of preferred managers, reflecting rigorous research and due diligence.
- The framework is designed as a living document, with ongoing review and refinement based on performance and market conditions.
- Emphasis on combining manager selection with disciplined asset allocation as the primary drivers of long-term outcomes.
2. Portfolio Construction & Implementation
- Discussion centred on balancing simplicity and precision in portfolio design, including the use of weighted allocations across managers.
- Agreement on the importance of performance tracking and attribution, capturing both asset allocation decisions and manager contributions.
- Recognition that dynamic asset allocation remains a key source of value, supported by flexible portfolio implementation.
- Continued focus on maintaining diversification while preserving conviction across asset classes.
3. Governance, Research & Risk Management
- Ongoing development of the Approved Product List (APL), integrating high-conviction managers with broader investment opportunities.
- Commitment to structured manager review processes, including performance monitoring and defined review timeframes.
- Focus on strengthening governance frameworks and reporting capabilities as the platform scales.
- Ensuring all client-facing materials are supported by appropriate oversight and disclosure standards.
4. Global Manager Insights – Munro Partners
The Committee also hosted Munro Partners, who provided insights into their global growth equity strategy.
Key themes included:
- Continued focus on AI-driven growth opportunities, particularly across data infrastructure and digital platforms.
- Portfolio repositioning in response to market developments, including selective exposure to defence and energy transition themes.
- Active management of risk through long-short capabilities and disciplined portfolio review processes.
- Outlook for 2026 remains constructive, supported by structural growth trends, while acknowledging geopolitical and energy-related risks.
5. Business Progress & Platform Development
- Continued progress in business growth, client onboarding, and operational efficiency.
- Focus on scaling the platform through enhanced systems, processes, and investment infrastructure.
- Ongoing development of internal intellectual property, particularly in asset allocation and manager research.
Focus Areas Ahead
- Further refinement of the high conviction manager framework and portfolio implementation approach.
- Enhancement of performance tracking and reporting systems.
- Continued due diligence and monitoring of global investment managers.
- Development of governance structures to support scalable and consistent portfolio outcomes.
Our Commitment
Our Investment Committee meets regularly to review markets and refine strategy. We remain focused on disciplined decision-making and long-term outcomes for our clients.
📖 Read more insights: ppam.com.au