Angus Bell

GSAMI typically employs a bottom-up approach to select stocks and base investment decisions on research derived from an understanding of local economies, the development of global relationships, face-to-face meetings and local insights. They invest in a variety of instruments including fundamental equity, quantitative equity, fixed-income, money market and alternative investments.

GSAM Australia is an active, value-based, medium- to long-term manager which performs fundamental research and follows a bottom-up approach to select securities. The firm's equity investments team invests in companies which they believe are undervalued by the market, performing an intrinsic value assessment to evaluate industry outlook and competitive company position and make a prospective cash flow forecast. Their analysis considers factors including balance sheet quality, management quality, corporate governance, barriers to entry, market growth rates, pricing power, earnings sustainability and capital expenditure requirements.