Andrew Neil Millward

MWM is a value investor with a keen interest in preserving capital. The firm focuses its investment strategy on Japanese equities through a disciplined research-based approach to stock selection. They seek to generate absolute returns by investing in undervalued Japanese companies that have strong balance sheets and/or business franchises. Stock selection is based on bottom-up, fundamental analysis and starts with the balance sheet. The firm looks to identify companies whose share prices offer potential for significant appreciation over the longer term, but without undue risk.

JHI UK is an active, value-oriented manager which has core capabilities in global equities, European equities, global fixed-income, multi-asset and alternative investments. They focus on absolute returns, investing globally based on rigorous fundamental research and risk management. The firm believes that top-down economic factors are key drivers of markets and the performance of sectors within markets. Economic expectations are a key input to all equity, bond and currency return forecasts which determine their asset allocation policy.

HGI-J is an active, growth oriented investment manager focused on long-term capital appreciation. The firm describes their investment approach as dynamic and global. Worldwide the group invests across asset classes in equity, government and corporate bonds, money market instruments, real estate, private equity and alternative investments. HGI-J follows a top-down investment approach based on fundamental analysis. The firm seeks to invest in fast-growing markets and undervalued companies. Investment decisions are based on an analysis of the impact of macro-economics on the stock market. Determinant stock selection criteria include earnings growth and valuation. The firm has specialist expertise in Japanese small caps. In-house research includes company visits and is supplemented with research performed globally at the group level. Research teams focus on markets, sectors and investment themes. HGI-J follows domestic investment themes such as banking, retail and housing-related sectors.