Our approach
An equity-focused strategy that aims to provide growing levels of income and the potential for capital growth.
Income focus
Provide an attractive and regular stream of income that we aim to grow
Risk management
Minimise the risk of capital loss by emphasising absolute over relative returns
High quality
Minimise the risk of permanent capital loss by investing in high quality, sustainable business franchises
Long holding periods
Allow capital to compound through long holding periods and concentrated portfolios
How we invest
We seek high-quality global companies to purchase at attractive valuations, that we can hold for the long term. We think like owners and buy equities to access the long-term future of a business.
1
We tend to avoid cyclical and highly capital-intensive companies. Instead, we prefer those with more defensive characteristics.
2
Portfolios are typically concentrated with approximately 30 – 50 stocks, based on our conviction and investment risk.
3
We aim to avoid destructive drawdowns in portfolios – this puts us in a better position to compound your returns over the long term.
Our Global Equity Income Mandates
Global Equity Income team
James is the Senior Fund Manager responsible for the Trojan Global Income Strategy. He has 28 years’ investment experience, and has managed global equity portfolios since 2002. James is manager of the Trojan Global Income Fund, co-manager of the Trojan Ethical Global Income Fund and was awarded management of STS Global Income & Growth Trust plc in November 2020.
Joining Troy in 2016 to establish the Trojan Global Income Fund, James was previously a Fund Manager at Newton Investment Management where he established and managed the Newton Global Income Fund. He was also the alternate manager on the Newton Real Return Fund. Under James’s management, the Newton Global Income fund grew to c. £4.5bn in AUM and was first in its sector over 10 years. James graduated from Bristol University with a BSc in Politics, before completing his Masters in Finance at the London Business School. He holds the ASIP qualification and is an Associate Member of the CFA Society of the UK.
Tomasz is the co-manager of the Trojan Ethical Global Income Fund, Assistant Fund Manager of the Trojan Global Income Fund and has responsibility for the analysis of global companies and their selection for Troy’s portfolios.
He joined Troy in 2017 from Susa Fund Management, a European equity fund. He previously worked as an Associate at Bain Capital Credit. Tomasz graduated in European Economics from the University of Rome, before completing his Masters in Economics at Bocconi University, and his MBA at London Business School.