Hearts & Minds Investments (ASX: HM1) — Company Overview, News & Financial Data
Hearts & Minds Investments is an Australian LIC investing in a concentrated portfolio of high-conviction ideas from leading fund managers.
Hearts & Minds Investments
Hearts & Minds Investments is an Australian listed investment company that manages a concentrated, high-conviction global equities portfolio. The company constructs its investment portfolio using recommendations from a selection of prominent fund managers who provide their investment ideas on a pro bono basis. Instead of charging traditional investment management fees, the company donates 1.5% of its net asset value annually to support Australian medical research institutes. Its strategy combines a core long-term equities portfolio with recommendations presented at the annual Sohn Hearts & Minds investment conference, aiming to generate long-term capital growth and positive philanthropic impact.
Snapshot
Operations
Products and/or services of Hearts & Minds Investments
- Core Global Equities Allocation: Representing approximately sixty-five percent of total portfolio assets, this investment segment holds concentrated long-term global equity selections provided by designated fund managers who contribute stock recommendations without charging traditional management or performance fees.
- Conference Equities Allocation: Representing approximately thirty-five percent of total portfolio assets, this segment comprises high-conviction equity positions selected from stock recommendations presented annually by participating fund managers, typically held for a twelve-month investment holding period.
- Philanthropic Medical Research Funding: An annual distribution equal to one and a half percent of total net asset value provided to designated Australian medical research institutes, serving as a charitable donation mechanism in place of customary investment management fees.
- Annual Investment Conference Operations: An annual financial forum gathering institutional and retail investors along with global fund managers to present actionable equity ideas, generating event revenue and sponsorship proceeds that are directed toward funding biomedical research.
- Capital Management and Dividend Distribution: Operations focused on maintaining shareholder liquidity, capital preservation, and regular dividend distributions, funded by realized investment returns, interest income, and dividend yields generated from international equity portfolio holdings.
- Cash and Portfolio Liquidity Operations: Operational cash management and short-term liquidity maintenance designed to settle equity transactions, manage currency exposure, fulfill annual philanthropic donation commitments, and support tactical rebalancing across global financial markets.
Hearts & Minds Investments executive team
- Mr. Richard J. HowesMD & Executive Director
- Mr. Charlie LanchesterChief Investment Officer
- Ms. Maggie O'NeillChief Operating Officer
- Ms. Eryl Baron AGIA, B.A., C.A.Company Secretary