For the past 5-years, Hayden Beamish has been a portfolio manager and director at Endeavor Asset Management—a hedge fund based in Melbourne, with ~$300m AUM.
The Hedge portfolio that Hayden manages ended the 2020 financial year up 28% after fees—in comparison, the benchmark Australian All Ordinaries ended down 7%.
The main purpose of speaking with Hayden was to gain insight to his institutional investment process. This includes talk of; researching companies and prerequisites for investing, the role of analysts and brokers in providing information and flow, and managing investments.
It also includes a detailed discussion about the various types of execution algorithms he’ll use for buying and selling large volumes of stock.
0:00 - Intro
5:30 - Market Experience
17:17 - Key Objectives of Fund
20:23 - Investment Process
28:14 - Return on Invested Capital
30:10 - Understanding an Industry
34:40 - Quick Fundamental Analysis
37:25 - Earnings Announcements
43:24 - Execution Algorithms
1:03:04 - Portfolio Risk
1:16:22 - Advice for Aspiring Fund Managers
Show notes: https://chatwithtraders.com/201