TWC Investment Management has launched in the Australian market this week, with chief investment officer John Birkhold and chief executive Owen Hereford at the helm.
Notably, Birkhold is the former managing director at Credit Suisse HOLT in London, where he spearheaded a cash flow-based and industrial life cycle investment framework that, according to TWC, transformed investment analysis globally.
TWC clarified that it will initially offer three funds to wholesale and institutional clients based on its proprietary investment framework. Investors will gain access to a range of strategies including global and Australian-focused wealth creator funds.
“The framework is a departure from conventional accounting-based market norms and is underpinned by a real return on investment (RROI) measure of corporate performance with an embedded expectations valuation approach grounded in an industrial life cycle framework,” the investment manager said on Tuesday.
Expounding on this, Birkhold explained that TWC seeks to move away from metrics like earnings per share growth and price-earnings ratios, instead opting to focus on economic measures of corporate performance and embedded expectations in order to “create, not diminish, the wealth of our clients”.
“Our proprietary framework, which has been refined over the past 30 years, is adept at identifying listed company wealth creators, run by exceptional management teams, across the entire industrial life cycle spectrum,” Birkhold said.
Hereford and Birkhold are joined by a team of industry professionals that include Neil Carter, whose experience spans roles at Rutherglen Capital, Macquarie and IFM Investors, and Cameron Sinclair, who most recently led the institutional asset management business in Australia and New Zealand for PGIM.
“At TWC, we are focused on setting a new standard in Australian funds management through transparency and clarity of purpose,” Hereford said.
“We have the opportunity to generate lasting value for our clients by sharing key insights so that they can navigate financial markets and allocate capital in a more rational manner in order to achieve their long-term financial objectives.
“Wealth generation that is rooted in a strategic-based framework that has been designed with clarity, precision and knowledge will empower our investors to deploy capital with the confidence of context,” Hereford said.
