Future Generation adds Holowesko Partners to its portfolio

Oksana Patron

29 November 2022

Future Generation has added investment firm, Holowesko Partners, into its Future Generation Global investment portfolio.

Future Generation, which is Australia’s internationally focused listed investment company providing exposure to global fund managers and supporting not-for-profit organisation focused on promoting well-being, said the Holowesko Global Fund’s long-term performance and focus on capital preservation were key features to complement its existing investment portfolio.

The firm also said that the Holowesko’s fund aimed to deploy a long/short global equity strategy, aimed at achieving maximum absolute returns with minimal risk.

Since June 2022, Future Generation Global has invested in four additional fund managers, allocating 17% of its investment portfolio, at the time of investment: Holowesko Partners, Vinva Investment Management, Plato Investment Management and Lanyon Asset Management.

“After an extensive process to find the right managers, our pro bono investment committee is confident that Holowesko, Vinva, Lanyon and Plato will really complement our existing portfolio of leading global fund managers while delivering on the company’s objective of providing shareholders with diversified exposure,” Future Generation chief executive officer, Caroline Gurney, noted.

“By rebating their usual management and performance fees, Holowesko, Vinva, Lanyon and Plato will support us in our commitment to invest 1% of our net assets in our social investment partners focused on promoting wellbeing and preventing mental ill-health in young Australians.”

Vinva International Equity Fund and Plato Global Net Zero Fund both used quantitative strategies, and Lanyon Global Value Fund and Holowesko Partners utilised absolute bias investment strategies.

Holowesko Partners was founded in 2001 by Mark Holowesko who previously spent 15 years at Franklin Templeton Global Equity Group as a director, chief investment officer and director of research.