Bestinvest says
Morant Wright is a Japanese equity boutique, established in 1999 and based in London. Ian Morant and Stephen Wright are very experienced managers with a consistent and long track record. Between them and Denis Clough, a recent addition to the team, they have worked with many of the UK based Japanese fund managers. Morant Wright employ a Price to Book valuation approach, invest largely in small cap and undertake rigorous financial statement analysis. They therefore place great emphasis on stock picking. This process has proved to be very successful in Japan over the years, typically has a relatively low volatility and tends to generate most of their outperformance in weak markets.
The managers focus on small cap companies where they believe there are greater valuation anomalies.The team's investment process places a high emphasis on balance sheet analysis and they aim to create a portfolio that offers some degree of downside protection in falling markets. Valuation metrics that best describe their investment style include low enterprise value to earnings (EBIT) multiples and price to book ratios. They are less driven by earnings growth potential and this portfolio will typically have a lower valuation than the market. In some cases the team will also look for companies with asset backing where they feel that this is appropriate.
Morant Wright is a Japanese equity boutique, established in 1999 and based in London. The managers adopt a cautious, value orientated approach to investing. The managers each have significant experience investing in Japan.