Our distinctive investment approach places us at the intersection of fundamental and quantitative methods of investment research and portfolio construction.
This multidisciplinary process allows us to gain new insights that lead to superior investment performance.
For many years, investors have separated fundamental and quantitative research. At Longwave, we seek to harness the benefits of both approaches.
Through synergies which emerge from combining these disciplines, we uncover deeper insights. This benefits our investors through a high-quality investment portfolio delivering superior long term investment returns.
Our track record demonstrates how our approach delivers real outperformance to investors.
We believe deep fundamental understanding determines how value is created and destroyed by companies for shareholders.
Detailed fundamental analysis conducted by experienced analysts allows us to identify quality companies likely to grow long term shareholder value. Technology allows us to accelerate the process of bringing fundamental insights to a broader universe of investment opportunities.
Our industry has chosen to see the transformative power of software as a threat to the value of human insight in solving complex investing problems. But we don’t believe digital technology and human intellect are incompatible – instead we use proprietary technology to accelerate process and reduce the man hours required to perform routine data and information tasks.
Quantitative methods provide discipline, repeatability and controls behavioural biases.
Our investment team retains majority ownership of Longwave Capital, a sign of confidence and belief in our investment approach. All employees also maintain meaningful personal investment in our funds alongside our clients.
Through an affiliation with Pinnacle Investment Management, we receive support in non-investment functions, allowing our team’s core focus to remain on delivering superior, long term returns for investors.
Longwave Capital was founded by David Wanis and Jai Beathe. Together, they have a long history of designing, building and managing highly successful investment strategies. From pioneering the Schroders Australia small and micro cap strategies to running global multi asset portfolios they have worked with a broad range of institutional, retail, charitable and sovereign wealth fund clients.
Prior to founding Longwave, David was an Equity and Multi Asset Portfolio Manager for almost 15 years at Schroder Investment Management in Sydney.
David developed, launched and managed the Schroders Australian small and microcap equity funds. During his management these funds were both top quartile performers with pre-fee excess returns to the benchmark of 13.5% pa (Microcap) and 14.5% pa (Small Cap). David was recognised as Winner Money Management | Lonsec Small Cap Fund Manager of the Year (2009), Finalist Morningstar Fund Manager of the Year Emerging Manager (2008).
David began his investment career in 1997 as an equity research analyst at Ord Minnett (now JP Morgan), Merrill Lynch and Morgan Stanley covering various sectors including small companies, technology, healthcare, developers & contractors and resources.
With over 8 years’ experience as a manager and analyst of active Australian equity portfolios, and 16 years developing investment decision making tools and equity trading systems, Jai has a strong belief in the benefits that come from leveraging technology. At Longwave, investors are empowered with the tools to seek alpha more effectively, and on a platform that guarantees discipline and consistency. It is also through this lens that Jai applies his experience to fundamental coverage of the technology sector.
Until 2018 Jai was an Investment Analyst at Schroders, where he architected the asset class forecasting, portfolio construction and risk systems which underpin the Schroder Real Return Fund, enabling the launch of the Schroder Global Target Return Fund and of the first active multi asset ETF (GROW.ASX).
Prior to joining Schroders in 2011, Jai was a Trading Systems Developer with Macquarie Securities Group and brings with him a deep understanding of algorithmic trading and market microstructure.
Bringing more than 20 years of buy-side investment experience across both domestic and global equities markets, Melinda’s previous roles have been with IFM Investors, Fidelity International, Ellerston, Schroders, Global Value Investors and Investors Mutual.
Melinda most recently co-led analysis, research and portfolio management of IFM Investors’ Small Cap portfolios. Within IFM, Melinda sat on the ESG Champions Group, was a member of the IFM Proxy Voting & Engagement Committee; and engaged with company management and boards on various ESG initiatives, most recently advocating directly with Chairmen for greater gender diversity on ASX ex100 boards. She also represented IFM in the 30% Club Investor Working group.
Prior to IFM, Melinda spent 8 years at Fidelity as a Senior Analyst covering large and small-cap resources, Building Materials & Chemicals and listed REITS. Her experience at Schroders, Global Value Investors & Investors Mutual spanned generalist analytical looking for investment ideas across a large range of sectors.
Prior to joining Longwave, Eric was an Equity Analyst at IOOF covering a range of stocks across the Diversified Financials, Telecommunications and Technology sectors with a medium to small cap bias. Eric was also responsible for reviewing client equities portfolio and assisting the senior analyst with the construction of the IOOF direct equities paper portfolio.
Eric is a member of the Institute of Chartered Accountants Australia and New Zealand and holds a Bachelor of Commerce – Accounting and Business Administration at Macquarie University.
