Elstree is a boutique fixed income fund manager.
Elstree is exclusively owned by interests associated with the executive. The executive comprises Campbell Dawson, Norman Derham and John Abbott. Details of the executive can be found by clicking on the People menu.
Established in December 2002 Elstree has been managing portfolios of listed debt equity hybrids securities since May 2003.
Included in Elstree's investible universe are most Australian Stock Exchange (ASX) listed debt equity hybrid securities including converting reset and step up preference shares, perpetual income securities and convertible notes. As at April 30, 2013 Elstree's investible universe exceeded A$38 billion.
Elstree's investment philosophy is based on the observation that demand (investor) and supply (issuer) imbalances lead to securities being consistently mispriced relative to their intrinsic value. These mispricings create opportunities for active managers, such as Elstree to exploit.