Pernik Capital Limited (“Pernik”) is a New Zealand based Investment Manager.
The Principals are Geoffrey Laurence and Adrian Januszkiewicz. Pernik Capital has been operating since 2005 and manages investments for individuals, trusts and companies.
Pernik manages the Vulcan Investment Portfolios, which invests in equity and debt of publicly listed companies. Both Geoff and Adrian are significant investors via Vulcan.
Our focus is on providing absolute returns, returns which exceed the rate of inflation. We’re not trying to benchmark our performance against peers, the fund management industry, or the share market as a whole; nor do we aim to fit our investing style into a specific classification.
We use a variety of investing styles to suit the opportunities which present themselves at any given time. Fundamentally, we are looking for companies which are undervalued and have a catalyst for price improvement. Our focus is simply to make positive returns over time, because that’s what is important to our investors.
More on our investment philosophy.
We invest in New Zealand, Australia, United States of America, United Kingdom, Canada and Hong Kong – these are places where we can understand the language, laws, accounting and business practices.
Annual Compounding Rate of Return Since Inception
DJIA (Down Jones Industrial Average) is an index which tracks (broadly) the value of the top 30 companies on the New York Stock Exchange or NASDAQ exchanges in the US, by market capitalisation.
The ASX 200 is an index which tracks broadly the top 200 companies listed on the Australian Stock Exchange.
The NZX50 broadly tracks the top 50 companies listed on the New Zealand Stock Exchange.
Each year in the x axis of the graph depicts a financial year commencing 1 April. All returns in the graph are denominated in New Zealand Dollar terms.