#19 - Hugh Selby-Smith | Art Of Smoothing Returns In Global Equities

Hugh Selby-Smith is the Co-Chief Investment Officer at Talaria Capital. Talaria Capital is a fundamental, bottom-up, value manager with a unique implementation process via options. They run a single global, ex-Australia investment strategy with 25 to 35 companies in the portfolio across developed markets. Talaria oversees roughly $2.1billion in funds under management.For me I enjoyed hearing Hugh break down their options strategy, which creates income from option premiums, diversifies returns but most interesting was the ability to smooth returns in volatile markets. In particular, on average they capture 71% of an upside move and -34% less of a downside move.As of recording the Talaria unhedged Global Equity Wholesale Fund has returned on average 7.55% since inception, 10.43% over 5 years, 14.46% 3yrs, 15.07% past 12 months and 4.54% past 6 months.So, before we get into the podcast, I would also like to encourage you to listen to the disclaimer at the end of this ROCast and to keep your feedback coming.You can reach me atwww.yorkwealth.com.au