Taiwan Semiconductor Manufacturing Company (TSMC) is one of the companies at the heart of the AI boom, playing a key role as the contract manufacturer of most of the world’s chips. In this episode of Buy Sell with Equity Mates’ Ally Selby, Investment Director Douglas Isles, explains why GCQ does not own this company in…
Continue readingIn our latest Portfolio Update video, GCQ Investment Director Douglas Isles sits down with CIO Doug Tynan. They reflect on another positive earnings season for our portfolio companies, noting that the market has now started to think more rationally about the impact of AI, observing that this has led to a very strong couple of…
Continue readingIn this Portfolio Update video, GCQ Investment Director Douglas Isles sits down with CIO Doug Tynan. They discuss the recent positive earnings season for our portfolio companies, including Visa, Scout24, Money Forward and Uber. While the market continues to grapple with the likely impact of AI on a range of established business models, it’s a…
Continue readingIn this Portfolio Update video, GCQ Investment Director Douglas Isles sits down with CIO Doug Tynan. They discuss how fear of Artificial Intelligence (AI) has created a “shoot first, ask later” mentality across a wide range of quality stocks. They explore how the current sell-off has created opportunities for the fund to buy some of…
Continue readingGCQ, which describes itself as an activist fund, has risen to become one of Hemnet’s largest owners over the year and has previously called the stock “extremely cheap.” It’s a message that investment manager Douglas Tynan now reiterates. “We have bought Hemnet shares in recent weeks at really attractive prices,” he…
Continue readingIn his second podcast with Joe Aston, Doug discusses network effects and how they underpin the success of leading businesses including Uber, Visa and MasterCard. Doug unpacks three key risks involved with investing in monopolies and explores one of his favourite sectors – property portals – and why he believes human behaviour will shield them…
Continue readingDavid Clark from Koda Capital speaks with Doug Tynan about his lifelong passion for investing and the guardrails that help protect him from the pitfalls of bias. Doug unpacks the meaning behind GCQ’s name and explains how the name serves as a long-term reminder of the firm’s investment philosophy. Doug also provides insights on the…
Continue readingThe hedge fund GCQ has quickly become one of Hemnet’s largest owners and is now pressuring the board for measures to lift the depressed stock. In a letter to the chairman, the fund warns that the low price makes the housing platform an obvious acquisition target. “The risk of that is…
Continue readingDoug Tynan features on Future Generation’s podcast, 2fold: Take Stock. As a pro bono fund manager for Future Generation Global (ASX: FGG), Doug shares the mindset and methods behind GCQ’s focused, high-conviction investment approach. Doug also takes a deep dive into Uber and explains why he sees the increasing prevalence of autonomous vehicles as a…
Continue readingIn his inaugural podcast, Doug shares key lessons he learned from Charlie Munger and how they have influenced the GCQ investment strategy. This includes the central role played by checklists in the investment process, and the measures Doug has in place to tackle his subconscious investment biases. Doug also provides an overview of key portfolio…
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The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (APIR SPC5039AU assigned November 2023) referred to in this piece is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual, including target markets of financial products, where applicable, and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at Fund Research Regulatory Guidelines
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Zenith Investment Partners Pty Ltd ABN 27 103 132 672 AFSL 226872 Fund Awards issued 18 October 2024 are solely statements of opinion and not a recommendation in relation to making any investment decisions. Fund Awards are current for 12 months and subject to change at any time. Fund Awards for previous years are for historical purposes only. Full details on Zenith Fund Awards at https://www.zenithpartners.com.au/zenith-fund-awards-2024/