A deep pool of experience

Sage Capital is a specialist equities investment manager, wholly owned by its directors and staff.

Keeping our interests aligned with yours, we aim to generate return and control risk through a balanced investment process, combining quantitative and fundamental analysis.

Our senior portfolio managers bring experience and specialist skill, as well as deep insights into stock selection and investment strategies.

Our Investment Philosophy

Investment markets are a highly complex set of interactions across the global economy, focused down into asset prices. Our investing success comes from the ability to navigate this flow of financial information and the shifts in market preferences and animal spirits.

The long game
Achieving a superior investment outcome in the long term comes from finding the appropriate balance between a range of trade-offs that face investors.
Strong yet flexible
We maintain a strong conviction in our stock views and balance this with the flexibility to adjust to new information.
Optimistic and realistic
We seek out growth opportunities, but carefully assess the realistic chances of them being successful.
A balanced approach
We are structured and analytical in our approach, but balance this with intuition and insight.

Responsible investing

Evaluating sustainability related risks and opportunities are a key part of our investment process. Through our quantitative scoring system, we score each listed company to ensure we identify risks that could materialise within the portfolio from an environmental, social and governance perspective.

Long term performance is driven by a rigorously tested quantitative model, developed to harmoniously support specialist fundamental analysis, which is repeatably applied through our investment process.

Deeply diverse client base

We have a wide range of clients, including institutional investors and endowment funds, professional advisers and their clients, as well as sophisticated investors. We always aim to deliver on our performance objectives with the highest level of integrity, trust and transparency.

A team with in-depth experience

Our investment team has more than 60 years of joint experience managing Australian and Global equities. We draw on our long track record of managing equities and our experience across industry sectors, investment styles and asset markets to construct our portfolios.

Sean

Fenton

Managing Director, Portfolio Manager
  • Over 20 years experience (BCom Hons)
  • Career: Portfolio Manager and equities investor
  • 14 years as Portfolio Manager of the Tribeca Alpha Plus Strategy
  • 7 years at AMP Capital as a Senior Portfolio Manager and 4 years at Credit Suisse, providing equity strategy research.

Kelli

Meagher

Portfolio Manager
  • Over 20 years experience (BCom, CFA)
  • Career: Portfolio Manager and equities investor
  • 8 years in senior portfolio management roles, held with AMP Capital (Aust large and small caps) and worked alongside Sean Fenton
  • 10 years at AMP Capital (Aust large and small caps) and worked alongside Sean Fenton
  • Previous to that was managing a US small cap fund at Janus Henderson, and Australian equities at Northcape Capital and Platypus Asset Management.

James

Delaney

Portfolio Manager
  • Over 10 years experience (BCom Hons, CFA)
  • Career: Experienced Investment Analyst and Sector Specialist
  • 8 years as an Investment Analyst, working alongside Sean Fenton at Tribeca for 5 years, as well as Metisq Capital
  • Worked at Frontier Advisors as Analyst.

Peter

Moore

Portfolio Manager
  • Over 8 years experience (B.App.Math Hons, Ph.D)
  • Career: Experienced Quantitative Analyst
  • 3 years at Tribeca, working alongside Sean Fenton
  • 5 years as a Quantitative Researcher developing systematic trading strategies at Boronia Capital.

Insights

News

Sage Capital’s Australian equities long/short funds receive ‘Recommended’ ratings from Zenith Investment Partners

February 13, 2020
Read more
News

Sage Capital’s Australian equities long/short funds receive ‘Recommended’ ratings from Zenith Investment Partners

February 13, 2020
Read more
Managers Views

Beyond the decade – are the risks looking more balanced?

January 16, 2020
The Goldilocks scenario of growth being neither too hot nor too cold may be a difficult line for the market to tread in 2020, but it’s also unclear what will shift the market significantly in either direction. We look at three stocks to watch in this market.
Read more
Managers Views

Beyond the decade – are the risks looking more balanced?

January 16, 2020
The Goldilocks scenario of growth being neither too hot nor too cold may be a difficult line for the market to tread in 2020, but it’s also unclear what will shift the market significantly in either direction. We look at three stocks to watch in this market.
Read more

Tread carefully when the market is searching for value

November 11, 2019
It’s often said that’s its darkest before the dawn and that certainly applies to markets. Only a few weeks ago bond yields were hitting record lows and the equity market was being driven by defensives and high-quality growth stocks. The economic outlook was deteriorating, there was no end in sight to trade wars and central banks had started to cut rates again. In recent weeks, we’ve seen a sharp rotation to cyclical value stocks and bonds yields have moved higher as the market is seemingly seeing the light at the end of the tunnel. The market often has false starts at turning points so whether this rotation has legs will depend on whether growth recovers.Mid-cycle slowdown or entering a new global recession?
Read more

Tread carefully when the market is searching for value

November 11, 2019
It’s often said that’s its darkest before the dawn and that certainly applies to markets. Only a few weeks ago bond yields were hitting record lows and the equity market was being driven by defensives and high-quality growth stocks. The economic outlook was deteriorating, there was no end in sight to trade wars and central banks had started to cut rates again. In recent weeks, we’ve seen a sharp rotation to cyclical value stocks and bonds yields have moved higher as the market is seemingly seeing the light at the end of the tunnel. The market often has false starts at turning points so whether this rotation has legs will depend on whether growth recovers.Mid-cycle slowdown or entering a new global recession?
Read more
Market Insight

The real reason the Reserve Bank is cutting rates? Housing

October 3, 2019
The RBA has cut interest rates to a record low, so is it time to buy cyclicals as growth picks up? Builders, retailers and media stocks often go for a run around rate cuts as expectations of growth pick up, but can fade away again quickly. This is because the RBA is usually cutting rates when growth is weak and if policy isn’t getting traction then growth will continue falling. You may want to consider buying these stocks close to the last rate cut as that’s the one that is usually followed by a strong rebound in activity that drives profits.
Read more
Market Insight

The real reason the Reserve Bank is cutting rates? Housing

October 3, 2019
The RBA has cut interest rates to a record low, so is it time to buy cyclicals as growth picks up? Builders, retailers and media stocks often go for a run around rate cuts as expectations of growth pick up, but can fade away again quickly. This is because the RBA is usually cutting rates when growth is weak and if policy isn’t getting traction then growth will continue falling. You may want to consider buying these stocks close to the last rate cut as that’s the one that is usually followed by a strong rebound in activity that drives profits.
Read more
News

Fund Launch - Style Neutral long/short strategies to suit the current environment

September 30, 2019
For investors seeking to reduce market volatility risk within their portfolio or receive the benefits of enhanced exposure to Australian equities over the medium to long term, Sage Capital's two long/short strategies can help to provide more consistent returns in today's uncertain environment.
Read more
News

Fund Launch - Style Neutral long/short strategies to suit the current environment

September 30, 2019
For investors seeking to reduce market volatility risk within their portfolio or receive the benefits of enhanced exposure to Australian equities over the medium to long term, Sage Capital's two long/short strategies can help to provide more consistent returns in today's uncertain environment.
Read more
Market Insight

Scales tilt in banks' favour as macro picture stabilises

September 11, 2019
After heading in one direction since the beginning of the year the bull market in bonds, which has driven growth and technology shares to lofty heights, is showing a few cracks. Growth is perhaps looking less bad and global yield curves have moved back from their doom heralding inversion.
Read more
Market Insight

Scales tilt in banks' favour as macro picture stabilises

September 11, 2019
After heading in one direction since the beginning of the year the bull market in bonds, which has driven growth and technology shares to lofty heights, is showing a few cracks. Growth is perhaps looking less bad and global yield curves have moved back from their doom heralding inversion.
Read more
News

Q&A with Sean Fenton on the launch of Sage Capital

September 2, 2019
Read more
News

Q&A with Sean Fenton on the launch of Sage Capital

September 2, 2019
Read more
Managers Views

Central bankers are only human

August 28, 2019
I’ve come to the realisation that central bankers, rather than being paragons of economic rationalism, are actually human beings. They are subject to the same behavioural biases as the rest of us, and make decisions in this context. One of the more significant biases that affects decision-making is loss aversion. We all experience losses more intensely than gains and will react to the prospect of a loss more intensely than the hope of a win. This partly explains observed patterns in the stock market, which are often subject to rising trends and sharp falls. As markets go lower, investors tend to switch their focus to potential losses, which have greater emotional impact than the prospect of gains, and they head for the exit in a panic.
Read more
Managers Views

Central bankers are only human

August 28, 2019
I’ve come to the realisation that central bankers, rather than being paragons of economic rationalism, are actually human beings. They are subject to the same behavioural biases as the rest of us, and make decisions in this context. One of the more significant biases that affects decision-making is loss aversion. We all experience losses more intensely than gains and will react to the prospect of a loss more intensely than the hope of a win. This partly explains observed patterns in the stock market, which are often subject to rising trends and sharp falls. As markets go lower, investors tend to switch their focus to potential losses, which have greater emotional impact than the prospect of gains, and they head for the exit in a panic.
Read more
News

Sage Capital launches in partnership with Channel Capital

August 21, 2019
Sean Fenton, one of Australia’s most experienced Australian equities long/short managers has announced the establishment of Sage Capital – an investment management boutique bringing to life Mr Fenton’s vision for a contemporary and specialised firm, which seeks to generate alpha over the long term through its unique investment approach combining fundamental and quantitative analysis.
Read more
News

Sage Capital launches in partnership with Channel Capital

August 21, 2019
Sean Fenton, one of Australia’s most experienced Australian equities long/short managers has announced the establishment of Sage Capital – an investment management boutique bringing to life Mr Fenton’s vision for a contemporary and specialised firm, which seeks to generate alpha over the long term through its unique investment approach combining fundamental and quantitative analysis.
Read more
Managers Views

Taking the complexity out of long/short investing

August 14, 2019
Long/short investing allows an investment manager to more efficiently capture the information from their investment process. There are two main advantages to a long/short structure. Firstly, additional returns can be made from shorting stocks that underperform the market. In a long only fund, the ability to outperform by not owning underperforming stocks will be limited by their weight in the index. Secondly, a long/short portfolio can be more diversified than a long only portfolio, avoiding the impact of style bias, while still targeting higher returns.
Read more
Managers Views

Taking the complexity out of long/short investing

August 14, 2019
Long/short investing allows an investment manager to more efficiently capture the information from their investment process. There are two main advantages to a long/short structure. Firstly, additional returns can be made from shorting stocks that underperform the market. In a long only fund, the ability to outperform by not owning underperforming stocks will be limited by their weight in the index. Secondly, a long/short portfolio can be more diversified than a long only portfolio, avoiding the impact of style bias, while still targeting higher returns.
Read more
Managers Views

A contemporary lens with a proven and balanced approach

July 20, 2019
Having managed Australian equities portfolios for many years on behalf of some very large institutional investors, as well as retail investors, we realised the need for a specialist firm that could solely dedicate itself to generating alpha over the long term by deploying a unique strategy, combining fundamental and quantitative company research. One that could also provide a solution to help lower correlation to equity markets by holding both long and short positions – in a risk controlled way. This has been our vision for some time and the formation of Sage Capital in June 2019.
Read more
Managers Views

A contemporary lens with a proven and balanced approach

July 20, 2019
Having managed Australian equities portfolios for many years on behalf of some very large institutional investors, as well as retail investors, we realised the need for a specialist firm that could solely dedicate itself to generating alpha over the long term by deploying a unique strategy, combining fundamental and quantitative company research. One that could also provide a solution to help lower correlation to equity markets by holding both long and short positions – in a risk controlled way. This has been our vision for some time and the formation of Sage Capital in June 2019.
Read more
2020 Sage Capital Pty Ltd ACN 632 839 877 AR No. 001276472.  All rights reserved.
Designed by The Pure Agency