Bespoke Investment House

MULTI-FAMILY OFFICE: MULTI-ASSET CLASSES

Hume Partners was borne out of the Peter Scanlon Family Office and has grown into a significant Multi-Family office since its launch in 2015. Our focus is on managing entire portfolios for a small number of like-minded families looking to create long-term wealth from one generation to the next.

We have a unique breadth of skills and contacts across all asset classes. Our team all have long careers in property, equities, credit, private equity and agriculture. The ability to compare investments across asset classes, rather than just within them, is a key advantage.

Managing portfolios on behalf of Charities and Foundations also forms a key part of our offering to clients.

We are, first and foremost, investors, singularly focused on finding great investments and protecting our clients’ capital.

Hume Partners Investment Principles

To achieve consistently positive and superior returns

INVESTMENT PRINCIPLES

  • DIVERSIFY – LONG-TERM HORIZON – LOW-FEES/TAXES
  • INDEPENDENT – ENTREPRENEURIAL – ALIGNED.
  • Disciplined, value investor focused on less-efficient or private investment markets.

HUME CAPABILITY

Hume adds value to clients, in the main, from Alternates (although we actively manage global asset allocations and adjust weightings based on fundamental value and consistently select the best equity managers).

Knowledge and advice on equity, credit funds and products.

Hume’s In-house Alternate deal flow as well as a deep network of relationships with third-party managers is unique.

Hume has senior executives in:

  • Private Equity
  • Private Debt
  • Property Development
  • Real Assets

 

HUME BENEFITS

30 years’ experience, In-house capability, network of relationships, pricing power, systems.

Managing across all global asset classes gives a unique and extremely valuable perspective.

Best ideas and managers are very difficult for individuals to access/find.

The key to consistently positive and superior returns is a high weighting to Growth assets and a large portion of this, which adds diversification, reduces volatility and improves returns, in Alternates.

Growth Assets    Weighting Example Comment

Alternates

Up to 60%

Private Equity, Private Debt, Property Development,
Real Assets, REITS, Commodities, Hedge Funds, etc.

Hume Model is to source alternatives from both In-house and from third-parties.

Listed Equities

30%-50%

ETF’s: are used in major sophisticated markets subject to valuation.
Equity manager and stocks:
selected and reviewed in less efficient markets (e.g. small and mid-caps and emerging markets).

Typically, only 30% weighting but up to 50% subject to extreme periods of under-valuation.
Stocks portray the 80/20 rule in large efficient markets, ie: 20% of stocks make up 80% of returns.
Therefore, it is very difficult, over a long period of time, for equity managers to outperform.

OUR Services

Hume Partners operates under an Investment Management Agreement (IMA) for each client allowing investment management powers within defined discretionary limits. Under each IMA, Hume provides the following:

  • Asset allocation
  • Identification, assessment and structuring of investment opportunities
  • Selection and oversight of external investment managers
  • Performance reporting
  • Investment policy monitoring and compliance
  • Provision of information for tax purposes
  • Private Ancillary Fund (PAF) set-up and trustee reporting

Except for the use of external investment managers as pre-agreed with clients, these services will generally be undertaken in-house by Hume Partners.

Please note that Hume Partners does not provide the following services:

  • Tax advice and accounting
  • Estate planning
  • Legal advice and corporate structure advice

We will gladly recommend appropriate advisers in each of these areas and actively encourage our clients to seek such advice, which also serves as a further cross-check on their financial affairs and any risks that they are assuming.

Our Clients

Our services and relationship approach are particularly suited to;

  • High net worth individuals

    Both sophisticated investors and those who are less well-versed in the investment world.

    hume partners
  • High net worth families

    Particularly those seeking a virtual family office or approaching intergenerational transition.

    hume partners class=
  • Foundations

    Charities and not-for-profit organisations with significant investible funds.

    hume partners

We aim to have a small number of deep client relationships.

We therefore anticipate that clients will have, or there will be a clear path towards, at least $30 million of investible funds with Hume Partners, either individually or as part of a family group.

This level of investment enables portfolio allocation across several asset classes and supports Hume Partners seeking out new opportunities tailored to our clients.

It also affords our clients ‘professional investor’ status that enables us to consider the full spectrum of wholesale and retail opportunities equally for all clients.

Our relationship model caters for both sophisticated investors and those who are less well-versed in the investment world. This can be particularly beneficial for those who have built their wealth within a single sector (e.g. an operational business or property) and for families looking towards intergenerational wealth transfer where the next generation would benefit from exposure to the investment process.

Privacy Statement

We recognise the importance of privacy protection. Our policy for dealing with any personal information that you might disclose to us while visiting this website is explained below. The type of personal information that we collect from you will depend on how you use our website. You can be certain that the information we receive about you will be treated as strictly confidential.

The Personal information that we collect on you when you use our public site: We do not collect or use any personal information on visitors to our website through the use of “cookies” or other software or hardware techniques.

We look at the number of hits the site receives and keep track of the domains from which this site is accessed.

Wholesale Clients

Hume Partners will only provide its services to investors who are classified as wholesale investors for the purposes of the Corporation Act.

Generally this means that before we undertake to manage investment with a total value of less than $500,000 AUD, intending investors must demonstrate to us that they are a wholesale investor as defined in 761G of the Corporations Act 2001 and can provide a certificate from a qualified accountant that is no older than six months stating that they have a minimum of $2.5 million in net assets or $250,000 gross income for each of the last two years, or that they are otherwise classified as a “professional investor”.

If you are unsure as to whether you are a wholesale or professional investor, you should contact your professional advisor.