GuardCap Global
Equity Strategy
A strategy built on long-term thinking, long-term forecasting and long holding periods. Fewer stocks. Deeper analysis.
Philosophy
Growth drives returns. Quality protects to the downside. Valuation matters.
Investment Approach
- Concentrated, long-only strategy with 20-25 high-quality, sustainably growing companies
- Focused “total immersion”, bottom-up analysis of selected high-confidence stocks
- Benchmark agnostic, unconstrained portfolio construction; high active share
- Genuine long-term investing with low portfolio turnover
- Large- / Mid-cap focus
ESG Integration
The strategy’s concentrated approach enables a thorough understanding of the ESG risks and opportunities relevant to each company and an analysis of these risks and opportunities forms a key part of every investment decision.
Key Facts
2014
Strategy inception date
22 Years
Average Portfolio Manager experience
MSCI World Index
Benchmark
20-25
Average number of holdings
$13.5 Billion
Strategy AUM as of 31-Dec-2023
90%-95%
Active share
Investment Team
Michael Boyd
Michael Boyd joined GuardCap in 2014. Michael has been managing fundamental equity funds for over 25 years. Before joining GuardCap, Michael was with London-based institutional fund management company Seilern Investment Management Ltd. (1994-2013), as a Global Equity Fund Manager, Managing Director and shareholder. Previously he was a Fund Manager at Murray Johnstone Limited (1988-1994) in Glasgow, Scotland.
Michael received an Honours degree in Economics from Heriot-Watt University, Edinburgh and qualified as an Associate of the Institute of Bankers in Scotland.
Bojana Bidovec, CFA
Bojana Bidovec joined GuardCap in 2016. Her career in investment management began over 15 years ago with Driehaus Capital Management in Chicago, where she was an Analyst and later Portfolio Manager. In 2010 she joined the Global Equities team at RobecoSAM in Zurich, as a Senior Analyst covering the industrial and technology sectors. Bojana also spent time in the firm’s Hong Kong office, expanding the team’s coverage of Asian companies.
Bojana graduated from the University of Ljubljana in Slovenia with a degree in Banking and Finance and earned an MBA from London Business School. She is a CFA® Charterholder.
Orlaith O’Connor, CFA
Orlaith O’Connor joined GuardCap in 2015. Orlaith’s career started over 10 years ago at Martin Currie Investment Management in Edinburgh, Scotland, where she researched global health care companies. Prior to specializing in the health care sector, Orlaith worked on the Technology, Media and Telecoms and Asian teams.
Orlaith holds an MPhil in Economics from the University of Cambridge and a First Class Honours degree in Economics and Mathematics from the National University of Ireland, Galway. She is a CFA® Charterholder.
Giles Warren
Giles Warren joined GuardCap in 2014. His career in the financial services industry began over 25 years ago when he joined the London-based institutional fund management company Seilern Investment Management Ltd. (1997-2014). At this firm, and prior to joining GuardCap, he worked with Michael Boyd on Seilern Stryx World Growth Fund, ultimately becoming a co-fund manager of the fund in 2010.
Giles graduated from Edinburgh University with an Honours degree in Politics and Economic History. He is an Associate of the Society of Investment Professionals.
