Al Doecke

Spheria Asset Management is a fundamental-based investment manager which employs bottom-up investment approach and specializes in small and micro-cap equities. The firm aims to achieve strong investment returns for their clients with an emphasis on risk management. Their investment philosophy is to purchase securities where the present value of future free cash flows can be reasonably ascertained and the security is trading at discount to their intrinsic value. Assessing risk is fundamental to Spheria’s investment philosophy. Explicit risk controls include a preference for companies with low or no balance sheet gearing. When the company does have debt, Spheria Asset Management ensures that free cash flow can support the said level of gearing and is appropriate for the nature of the business.