ABOUT THIS EPISODE
In this episode of Vantage Point, we’re joined by Leo Barry, Portfolio Manager at Fairview Equity Partners, one of Australia’s longest-standing small cap funds, with nearly 19 years of operation and top quartile returns across most periods.
Leo’s path into funds management was anything but conventional. After a 15-year AFL career with the Sydney Swans, he began with unpaid work experience on the equity desk at Citigroup, before moving to the sell side at Merrill Lynch and eventually finding his home on the buy side at Fairview Equity Partners.
We cover the mechanics of how Fairview operates: a small team of generalist portfolio managers, a deliberately concentrated but diversified portfolio, and a simple one-page investment process that has remained largely unchanged since the fund launched. Leo also shares why resources have been such an important part of the portfolio, how gold became Fairview’s strongest-performing sector over time and why sell discipline is often more important than stock picking.
