This fund manager is going bargain hunting with Howard Marks
Oaktree and Spire Capital are preparing to scoop up great businesses on the cheap.
Stuart Haigh is a director and head of investments at Spire Capital, a global private markets firm that has invested over $2 billion on behalf of clients.
What was the first investment you ever made personally and how did it work out?
While living on campus at Sydney Uni, some friends and I were introduced to a company called Hutchison Telecommunications that offered mobile phones that switched to local call rates when the device was in the home.
We liked the concept so invested in the stock which went on to perform poorly. An important lesson was learnt regarding the importance of due diligence over simply backing what seemed like a good idea.
