The real impact of stock market mispricing — evidence from australia

Renaissance Property Securities is a boutique fund manager established inspecialising in the management of portfolios of property securities listed on the Australian Stock Exchange. Renaissance Property Securities is a privately owned boutique fund manager established in The principals, Carlos Cocaro and Damien Barrack, have worked together since - previously at Rothschild Australia Asset Management, and subsequently BT Financial Group.

Portfolios are managed for institutional and wholesale clients, with the core aim to deliver outperformance for our clients over the medium to long term.

The Renaissance Property Securities team comprises 3 investment specialists. The two principals have worked together for over 17 years, specialising in ASX listed property securities. They have a combined total of over 45 years of experience in analysing and investing in listed property securities. Carlos has 31 years of experience in managing, analysing and researching listed property securities. Inhe joined Rothschild Australia Asset Management as a specialist in listed property securities analysis and portfolio management.

In he was promoted to Director, heading up the growing property securities team, a position he held until he formed Renaissance Property Securities in Damien has over 19 years experience managing, analysing and researching listed property companies. Damien joined Carlos Cocaro in the Rothschild property securities team in where they worked together until Damien co-founded Renaissance Property Securities in He is responsible for trading the equities held within the Renaissance portfolios.

Chris spent 14 years with Citigroup Global Markets as Director, Sales Trading. Such mispricing is the result of irrational market behaviour including, amongst other factors, over optimistic or over pessimistic sentiment towards certain types of securities or sub-sectors of the property market. Renaissance Property Securities seeks to exploit such market inefficiencies by employing an active, value based investment style. Our belief is that ultimately the value of a stock will, in the long term, be determined by its income fundamentals.

As a result, our approach is characterised by bottom up investment research into individual securities, with a particular focus on analysing and forecasting the present and potential future income generation of each underlying property investment. Renaissance Property Securities has a detailed and rigorous investment process which has been the cornerstone of its success over the past 12 years.

The process consists of two fundamental stages:. In the Portfolio Construction stage the portfolio managers meet regularly to determine the size of the active positions to be taken in each stock. The factors which determine the size of active positions within the portfolio include the following:. At Renaissance, we believe we have the ability to influence companies to improve their management of environmental, social and governance ESG issues.

the real impact of stock market mispricing — evidence from australia

We strongly believe that it is in the long term interest of shareholders for companies to adopt a strong and robust corporate governance framework and that this can be an important driver of investment value. Renaissance actively encourages high standards of corporate governance for companies and trusts within our investment universe.

The exercising of voting rights is an important tool that we use to influence companies to operate in the interest of investors rather than in the interests of company management and we will frequently commit resources to ensure this is the case.

When exercising our voting rights we will always cast votes in the best interests of our clients. While the information contained in this website has been prepared with all reasonable care, neither Renaissance Property Securities, any related entity, nor any associate, accepts any responsibility or liability for any errors, omissions or misstatements however caused.

The information is believed to be accurate at the time of compilation and is provided in good faith. The information contained in this website should be used as general information only.

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This information is not personal advice. This information has been prepared without taking account of your objectives, financial situation or needs. Potential investors should seek independent advice as to the suitability of making an investment in any Renaissance Fund.

The fact that shares may have been mentioned should not be interpreted as a recommendation to buy, sell or hold those shares. Investors should be aware that past performance is not indicative of future performance. Returns can be volatile, reflecting rises and falls in the value of underlying investments. Returns in a Fund can be particularly volatile in the short alpha beta stock trading fzc and in some periods may be negative.

The information contained in this website is intended for Australian residents or citizens located in Australia. Any reference to law is to the law of Binary options calculator. Usage of this website is at the users own risk. Any such loss or damage is at the responsibility of the user.

We do not guarantee that this website is free from viruses. We will not be responsible for any corruption or failed transmission of any information caused by your computer system or any act or omission of your Internet Service Provider.

Use of this information or reproduction of it in hard copy is allowed providing it is for personal use only. No part of this information may be otherwise reproduced, distributed, adapted or transmitted in any form by any cat rescue stockton ca or incorporate the information in this website in any way in any other document or material without the real impact of stock market mispricing — evidence from australia express written permission of Renaissance Property Securities.

the real impact of stock market mispricing — evidence from australia

The Can you make money trading binary option 100 payout Property Securities Pty Ltd RPS Privacy Policy details forex trading timings in india we protect your privacy and how we comply with the requirements of the Privacy Act Cth and the 13 Australian Privacy Principles.

RPS only collects personal information that is necessary to assist us in providing our services to our clients. In the course of providing these services we may need to collect:. You do not have to provide us with your personal information but if you do not provide this, we may not be able to provide our services to you or our clients on your behalf.

RPS may collect your personal information in different ways, including email, telephone, letters, application and redemption forms, and face to face meetings. We store personal information in a variety of formats including on databases, in hard copy files, on personal devices including laptop computers, in computer storage facilities both in-house and at our external services providers.

We take all reasonable steps to protect forex treasury management course personal information we hold about you from misuse, loss, unauthorised access, modification or disclosure. RPS only collects, holds and uses personal information for the purposes for which it was provided which will normally be obvious at the time of collectionrelated purposes or as permitted or required by law.

Such purposes may include:. These purposes may require us to disclose your personal information to our external services providers such as our investment administrator or custodian. If we do not agree to provide you with make counterfeit money pass pen test or to amend your personal information as requested you will be notified accordingly.

If the rejection relates to a request to change your personal information you may 60 seconds binary options trading signal a statement about the requested change and we will attach this to your record. RPS may also subcontract to companies located in countries outside of Australia.

Our contracts with these parties will generally include an obligation for them to comply with the Australian Privacy Principles and this Privacy Policy. On this basis, you consent to such disclosure.

If you wish to make a complaint about a breach of this Privacy Policy or the privacy principles of the Privacy Act you can contact us by using the contact details below.

You will need to provide us with sufficient details regarding your complaint together with any supporting evidence.

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We will respond to your complaint within a reasonable time usually no longer than 30 days and we may seek further information from you in order to provide a full and complete response. Your complaint may also be taken to the Office of the Australian Information Commissioner via www. The Privacy Officer Renaissance Property Securities Pty Ltd GPO Box Sydney NSW Home About Us About Us Our Team Our Philosophy Our Philosophy Our Process Corporate Governance Contact Us.

Renaissance Property Securities Renaissance Property Securities is a boutique fund manager established inspecialising in the management of portfolios of property securities listed on the Australian Stock Exchange.

the real impact of stock market mispricing — evidence from australia

About Us Renaissance Property Securities is a privately owned boutique fund manager established in Our Team The Renaissance Property Securities team comprises 3 investment specialists. Carlos Cocaro - Managing Director B. Damien Barrack — Director B.

Chris Makragelidis — Dealer Dip. Our Process Renaissance Property Securities has a detailed and rigorous investment process which has been the cornerstone of its success over the past 12 years. The process consists of two fundamental stages: Research — gathering and processing information. Portfolio Construction — constructing the portfolio by analysing value and risk characteristics of individual stocks. Our Research effort consists of: The factors which determine the size of active positions within the portfolio include the following: Corporate Governance At Renaissance, we believe we have the ability to influence companies to improve their management of environmental, social and governance ESG issues.

Contact Us Renaissance Property Securities Level 23 56 Pitt Street Sydney NSW Mail Address GPO Box Sydney NSW Telephone: Terms and Conditions Important Information and Terms of Use While the information contained in this website has been prepared with all reasonable care, neither Renaissance Property Securities, any related entity, nor any associate, accepts any responsibility or liability for any errors, omissions or misstatements however caused. Privacy Policy Purpose The Renaissance Property Securities Pty Ltd RPS Privacy Policy details how we protect your privacy and how we comply with the requirements of the Privacy Act Cth and the 13 Australian Privacy Principles.

This policy also describes: What kinds of personal information do we collect? In the course of providing these services we may need to collect: Personal Information including names, addresses, other contact details, dates of birth; and financial information. Sensitive Information including government identifiers such as your TFNyour nationality, country of birth.

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How do we collect and hold your personal information? For what purposes do we collect, hold, use and disclose personal information? Such purposes may include: Disclosure of your personal information to overseas recipients RPS may also subcontract to companies located in countries outside of Australia.

What do you need to do if you have a complaint? To Contact Us You can contact us about this Privacy Policy using the following contact details: The Privacy Officer Renaissance Property Securities Pty Ltd GPO Box Sydney NSW Telephone: Site Map Renaissance Asset Management Renaissance Smaller Companies RSC Home RSC About Us RSC Our Team RSC Our Philosophy RSC Our Process RSC Corporate Governance RSC Contact Us Renaissance Property Securities RPS Home RPS About Us RPS Our Team RPS Our Philosophy RPS Our Process RPS Corporate Governance RPS Contact Us.

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