Chester Asset Management

About

Passion. Focus. Diligence.

 

What we do

Chester Asset Management Pty Ltd is a high conviction equities fund manager established in 2017 by Rob Tucker and Anthony Kavanagh. Rob and Anthony have enjoyed a strong working relationship for the past 7 years, most recently at SG Hiscock where over the past 3 years they were the Portfolio Manager and senior analyst of the SGH Australia Plus Fund. The SGH Australia Plus Fund delivered 76.1% return after fees versus the 28.5% total return of the ASX 300 Accumulation Index from October 2013 until February 2017. In compound terms this was a 18.2% after fees per annum return for SGH Australia Plus versus the 7.7% return for the ASX 300 Accumulation Index, outperformance of over 10.5% per annum*. The Chester High Conviction Fund, launched in April 2017, will be run using the same strategy. 

Combined they have over 25 years of investment experience including key Portfolio Manager roles for Rob at SG Hiscock and HSBC.

 
 
 

Investment Team

 
 

Portfolio Manager

Rob Tucker

BCom (Accounting & Psychology), GradDipAppFin&Inv, CFA

Rob founded Chester Asset Management in 2017 after departing SG Hiscock where Rob worked for 7 years. At SG Hiscock Rob was the portfolio manager (PM) of the SGH Australia Plus product, a 25-40 (primarily ASX300 focused) stock portfolio that could invest up to 20% in Asian Equities. SGH Australia Plus delivered very strong returns for clients; in excess of 10% outperformance per annum over 3 and a half years until February 2017*. Rob used his extensive Asian experience in developing the SGH Australia Plus product with EQT as Responsible Entity. Rob was also the Co-Portfolio Manager for the SGH20 unit trust and key mandates from 2010 until November 2014 when he became the primary PM from November 2014 until his departure. Responsibilities included: portfolio construction and management, stock selection, macroeconomic analysis, research and marketing.

Prior to joining SG Hiscock in 2010 Rob was Investment Director for Halbis Capital Management (formerly HSBC Asset Management) where he worked for 9 years as Portfolio Manager of the Australian Country Fund (2005-2010), Head of Research for Asia Pacific (2005-2007), and Portfolio Manager of the Asian Freestyle Fund (2008-2009). 5 of these years (2005-2010) were based in Hong Kong where he managed a large pool of money for a wide array of institutional clients. During his 5 years running the HSBC Australian Country Fund, the Fund delivered 4.3% outperformance per annum.

Between 2001 and 2005 as well as Co Managing the Australian Active Fund from 2003 – 2005 Rob was also Australian Equities Analyst across: Healthcare, Building Materials, Energy, Transport, Media, Retail, Food and Beverages sectors.

Rob also previously spent time as an Analyst at Merrill Lynch.

 
 

 
 

Portfolio Manager

Anthony Kavanagh

BCom (Corporate Finance & Accounting), CA, GradDipAppFin&Inv, CFA

Anthony co-founded Chester Asset Management in 2017 after departing SG Hiscock where he was the senior analyst for the SGH Australia Plus and SGH20 team. Anthony performed detailed company research and industry analysis, portfolio management assistance, client reporting, ESG analyses, proxy voting, quant filtering and database management. Anthony was also the primary dealer of the team.

At SG Hiscock Anthony led a material enhancement in the company analysis capabilities of the team including: research, modelling, stock selection and idea generation. During that time Anthony’s research coverage expanded from Energy and Utilities to include: Infrastructure/ Transport, Agriculture/ Consumer Staples, Resources (base metals, precious metals and bulks), Building Materials, Financials, Construction and REITS, Chemicals, Paper and Packaging and Gaming.

Prior to this role Anthony was an Associate Director at Core Energy Group, providing consulting services (in depth research and insights) to over 10 of Australia's largest fund managers on ASX listed energy and utility companies and energy market dynamics. During that time Anthony also completed a number of client engagements for industry participants including assistance with M&A projects.

Anthony has also previously worked as an Assistant Manager in Audit and Advisory at KPMG.

 
 

 
 
Luke Howard

Portfolio Manager

Luke Howard

BCom (Finance), BA (History), CFA

Luke joined Chester Asset Management in February 2018 having spent the previous 6+ years working at SG Hiscock & Company. As an investment analyst Luke worked on the SGH Australia Plus and SGH20 funds at SG Hiscock and assumed primary company research coverage across the consumer, industrials, telecommunications, media and IT sectors during his tenure. In addition to his work on ASX listed companies Luke worked closely with Rob Tucker researching listed Asian companies in support of the SGH Australia Plus strategy that selectively invested across the region.   

Prior to joining SG Hiscock in 2011 Luke spent 5 years working in Melbourne with Perennial Investment Partners supporting the various Perennial investment boutiques. During his time with Perennial Luke successfully completed the CFA program and gained this accreditation.

Luke joins Chester having previously enjoyed a successful working relationship with Rob Tucker and Anthony Kavanagh.


Copia Investment Partners

Chester Asset Management operates under the Copia Investment Partners AFSL (Australian Financial Services License) and will use Copia as the Responsible Entity of the Fund as well as compliance and back office services.

 

*We note this is a statement of fact of the performance achieved by the fund during the time which Rob Tucker was the sole Portfolio Manager making active decisions on the Australia Plus Portfolio. We note performance is the record of the firm not of the individual however past performance has been constructed from publicly available unit price data. Past performance is not necessarilly indicative of future performance and should not be relied upon in making investment decisions.