Investment opportunities for astute investors

Mittleman Investment Management

Mittleman Investment Management, LLC (“MIM”) is an SEC-registered investment adviser investing in global sharemarkets. It pursues superior returns through long-term investments in what it deems to be severely undervalued shares, while maintaining its focus on limiting risk. MIM seeks to mitigate risk, which it defines as the probability of a long-term loss of capital, by investing in businesses that are proven franchises with durable economic advantages, evidenced by a well-established track record of substantial free cash flow generation over complete business cycles, and only when the very low valuation at which the investment is made provides a significant margin of safety. MIM employs a concentrated, long-term investment approach, typically holding between 15 and 20 positions. Investments are made globally where the firm has identified the greatest disparities between market price and its proprietary estimate of fair value. Unconstrained by capitalisation parameters, MIM may gravitate towards smaller market cap companies. Large cap companies are also considered, but only when priced attractively enough to warrant inclusion in the strategy. MIM believes its ability to go wherever the best risk/reward ratios appear to be available, in companies small and large, in developed and emerging sharemarkets, is a distinct advantage over other investment managers which operate within a more restrictive investment universe.

Brookvine has been engaged to advise MIM on the Australian and New Zealand investment markets and manage the marketing and client servicing of its global value equities strategy in these markets.

For more information on MIM click here.