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Alpha, Inflation and Passive Investing in a New World

Long-term alpha track records are valuable and meaningful, although the proportion of participants achieving net alpha has declined over time as many active fund managers fail to outperform the relevant benchmark over the long term, particularly after fees.

Achieving alpha has become difficult, but there are some reasons to be optimistic as to why accruing alpha could become easier over time.

Hyperion has produced net alpha since inception across its three key products, which is rare and valuable. We dive more into this in a recent whitepaper, “The difficult quest for long-term alpha after fees revisited”, which you can read here.

In this on-demand webinar titled “Alpha, Inflation and Passive Investing in a New World”, Hyperion Asset Management’s Managing Director and Chief Investment Officer Mark Arnold and Deputy Chief Investment Officer Jason Orthman look at:

  • The importance of long-term Alpha after fees;
  • How rare outperformance is, Domestically and Globally;
  • Why most Active Managers fail;
  • Has Passive investment changed the way we invest;
  • The importance of stock selection, portfolio management and portfolio turnover;
  • Is Inflation still transitory;
  • What factors, as an active manager, does Hyperion exploit to generate Alpha;
  • Global Reporting season update;
  • Revisiting why Tesla is not a meme or concept stock.

You can download transcript here. 

This communication is prepared by Hyperion Asset Management Limited (ABN 80 080 135 897 AFSL 238380) (Hyperion) as investment manager of Hyperion Australian Growth Companies Fund (ARSN 089548443), Hyperion Global Growth Companies Fund (Managed Fund) (ARSN 611084229) and Hyperion Small Growth Companies fund (ARSN 089548943) (‘Funds’). The Hyperion Global Growth Companies Fund – Class B changed its name to Hyperion Global Growth Companies Fund (Managed Fund) on 5 February 2021 in order to facilitate quotation of the fund on the ASX.

Pinnacle Fund Services Limited ABN 29 082 494 362 AFSL 238371 (‘PFSL’) is the product issuer of the Fund. PFSL is not licensed to provide financial product advice. PFSL is a wholly-owned subsidiary of the Pinnacle Investment Management Group Limited (‘Pinnacle’) ABN 22 100 325 184. The Product Disclosure Statement (‘PDS’) and Target Market Determination (‘TMD’) of the Fund is available at https://www.hyperion.com.au/. Any potential investor should consider the relevant PDS and TMD before deciding whether to acquire, or continue to hold units in, the Fund.

This communication is for general information only. It is not intended as a securities recommendation or statement of opinion intended to influence a person or persons in making a decision in relation to investment. It has been prepared without taking account of any person’s objectives, financial situation or needs. Any persons relying on this information should obtain professional advice before doing so. Past performance is for illustrative purposes only and is not indicative of future performance.

Whilst Hyperion, PFSL and Pinnacle believe the information contained in this communication is reliable, no warranty is given as to its accuracy, reliability or completeness and persons relying on this information do so at their own risk. Subject to any liability which cannot be excluded under the relevant laws, Hyperion, PFSL and Pinnacle disclaim all liability to any person relying on the information contained in this communication in respect of any loss or damage (including consequential loss or damage), however caused, which may be suffered or arise directly or indirectly in respect of such information. This disclaimer extends to any entity that may distribute this communication.

Any opinions and forecasts reflect the judgment and assumptions of Hyperion and its representatives on the basis of information available as at the date of publication and may later change without notice. Any projections contained in this presentation are estimates only and may not be realised in the future.

Unauthorised use, copying, distribution, replication, posting, transmitting, publication, display, or reproduction in whole or in part of the information contained in this communication is prohibited without obtaining prior written permission from Hyperion. Pinnacle and its associates may have interests in financial products and may receive fees from companies referred to during this communication. This communication may contain the trade names or trademarks of various third parties, and if so, any such use is solely for illustrative purposes only. All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with, endorsement by, or association of any kind between them and Hyperion.

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Awards and recognition
Morning Star Awards 2021
The Australian Fund Manager Awards - Winner - Best Australian Small Companies Manager
Lonsec 2022 Active Equity Fund Winner Logo disclosure
Money Management 2021 Fund Manager of the Year
Morning Star Awards 2021

Hyperion neither provided nor was given compensation in relation to the above-mentioned awards, however, Hyperion pays licensing fees in order to be able to display these awards’ logos.
Morningstar Awards 2024 (c). Morningstar, Inc. All Rights Reserved. Awarded to Hyperion Asset Management for Overall Fund Manager of the Year and Hyperion Small Growth Companies for Fund Manager of the Year, Domestic Equities – Small Cap Category, Australia. Hyperion Australian Growth Companies nominated for Fund Manager of the Year, Domestic Equities – Large Cap Category and Hyperion Global Growth Companies nominated for Fund Manager of the Year, Global Equities Category, Australia.
Morningstar Awards 2021 (c). Morningstar, Inc. All Rights Reserved. Awarded to Hyperion Asset Management for Overall Fund Manager of the Year; Fund Manager of the Year, Domestic Equities – Large Cap and Domestic Equities – Small Cap Categories. Nominated for Fund Manager of the Year, Global Equities Category, Australia.

© 2021FE Money Management. all rights reserved. the information, data, analyses, and opinions contained herein (1) include the proprietary information of FE Money Management (2) may not be copied or redistributed (3) do not constitute investment advice offered by FE Money Management (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a security (5) are not warranted to be correct, complete, or accurate. FE Money Management shall not be responsible for any trading decisions, damages, or other losses resulting from, or related to, this information, data, analyses, or opinions or their use. FE Money Management does not guarantee that a fund will perform in line with its Fund Manager of the Year award as it reflects past performance only. Likewise, the Fund Manager of the Year award should not be any sort of guarantee or assessment of the creditworthiness of a fund or of its underlying securities and should not be used as the sole basis for making any investment decision. Ratings are published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec). Ratings are general advice only, and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec assumes no obligation to update. Lonsec uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. © 2022 Lonsec. All rights reserved.

This webpage is prepared by Hyperion Asset Management Limited ABN 80 080 135 897 AFSL 238 380 (‘Hyperion’) as the investment manager of the Funds. Hyperion believes the information contained in this website is reliable, however no warranty is given as to its accuracy and persons relying on this information do so at their own risk. Any opinions or forecasts reflect the judgment and assumptions of Hyperion and its representatives based on information at the date of publication and may later change without notice. Any projections contained in this website are estimates only and may not be realised in the future. Returns from investments may fluctuate and past performance is for illustrative purposes only and is not a reliable indicator of future performance. The information is not intended as a securities recommendation or statement of opinion intended to influence a person or persons in making a decision in relation to investment. This information is for general information only. It has been prepared without taking account of any person’s objectives, financial situation or needs. Any person relying on this information should obtain professional advice before doing so. To the extent permitted by law, Hyperion disclaims all liability to any person relying on the information in respect of any loss or damage (including consequential loss or damage) however caused, which may be suffered or arise directly or indirectly in respect of such information contained in this website. Unauthorised use, copying, distribution, replication, posting, transmitting, publication, display, or reproduction in whole or in part of the information contained in this website is prohibited without obtaining prior written permission from Hyperion. This disclaimer extends to any entity that may distribute this information. No distribution of this material will be made in any jurisdiction where such distribution is not authorised or is unlawful.