Frequently Asked Questions

Our minimum investment is $200,000. This threshold ensures meaningful portfolio allocation and cost-effective management while keeping institutional-quality investment management accessible to successful professionals and business owners.

Yes, SEC regulations require accredited investor status. This means either:

• Individual income exceeding $200,000 (or $300,000 with spouse) for the last 2 years
• Net worth exceeding $1 million (excluding primary residence)
• Certain professional certifications (Series 7, 65, 82)

We don't restrict by geography - we welcome qualified investors globally. However, we focus on English-speaking markets for communication efficiency and regulatory familiarity.

Minimum 3+ years, ideally 5-10 years. Our contrarian approach requires patience - we invest in unloved sectors that may take time to recover. Short-term investors are not a good fit for our strategy.

Yes, we work with qualified custodians for IRA, 401(k) rollovers, and other retirement accounts. Many clients use this as a diversification strategy within their retirement portfolio.

Absolutely. We work with RIAs, family offices, and other professional intermediaries. We provide institutional-level reporting and communication to meet their client service requirements.

Key differences:

• Personalized: Direct relationship with portfolio managers
• Aligned: We invest our substantial personal capital alongside yours
• Concentrated: Focused positions vs. over-diversified funds
• Flexible: Can adapt strategy based on opportunities
• Transparent: You see exactly what you own

We systematically invest in sectors that are widely hated, overlooked, or trading at substantial discounts. When everyone else is selling, we're often buying. This requires strong conviction and patience, but historically produces asymmetric returns.

We're long-term investors, not traders. Portfolio turnover is typically 20-40% annually - we only trade when fundamentals change or better opportunities emerge. This reduces costs and tax drag.

No leverage on the portfolio level. We may use derivatives occasionally for hedging specific risks, but our core approach focuses on owning high-quality companies at attractive valuations.

Primarily public equities across global markets. We may also invest in:

• REITs and real estate securities
• Commodity-related equities
• Select fixed income opportunities
• Cash for opportunistic deployment

Multiple layers of risk management:

• Position sizing limits (max 10% per holding)
• Geographic diversification
• Quality screening for balance sheet strength
• Liquidity requirements for all positions
• Regular portfolio stress testing

Our fee structure is standardized to ensure fairness across all clients. Accounts above $1 million may qualify for reduced management fees on the incremental amount.

The 2% annual management fee covers:

• Continuous research and analysis
• Portfolio construction and rebalancing
• Risk monitoring and reporting
• Direct access to portfolio managers
• All compliance and regulatory costs

Performance fees are only charged on profits above your highest previous account value. If your account declines, we don't earn performance fees until it recovers to a new high. You never pay performance fees twice on the same gains.

No. The only additional costs are standard third-party expenses, which can include, where applicable:

• Brokerage commissions (typically $0-10 per trade)
• Custodian fees (varies by custodian)
• Wire transfers (if requested)
• Odd-lot differentials
• ETF fund related expenses
• Taxes and other fees

These are pass-through costs, not Glenorchy Capital fees.

Management fees are calculated daily with the sum of all daily amounts and charged quarterly in arrears. Performance fees are calculated and charged annually on December 31st, based only on net gains above the high-water mark.

Management fees are prorated based on the withdrawal date. Performance fees are calculated on any gains at the time of withdrawal. There are no withdrawal penalties or lock-up periods.

No investment manager can guarantee returns. All investments carry risk of loss. Our approach focuses on risk-adjusted returns over time, not absolute performance guarantees. Past performance does not predict future results.

We measure success by:

• Long-term risk-adjusted returns vs. benchmarks
• Capital preservation during market downturns
• Achieving positive real returns after inflation
• Meeting individual client objectives

We compare performance against relevant market indices (ACWI, DVY etc.) and inflation measures. However, our goal is absolute returns over full market cycles, not just relative outperformance.

Our contrarian approach can experience periods of underperformance when our sectors are out of favor. However, our focus on quality companies and risk management typically results in lower volatility than pure growth strategies over time.

Yes, quarterly reports include detailed performance attribution by sector, region, and individual holdings. You'll understand exactly what drove portfolio performance.

We consider tax efficiency in our investment decisions. Lower portfolio turnover reduces taxable events. We also provide detailed tax reporting to help optimize your overall tax situation.

You'll have direct access to Chris MacIntosh and Brad McFadden as your portfolio managers. For operational questions, you'll work with our client service team, but the principals remain directly accessible.

Comprehensive quarterly reports including performance, holdings, attribution, and market commentary. You also have 24/7 online access to view your account and can request additional reports as needed.

Yes, with reasonable notice (typically 5-7 business days for liquidity management). There are no lock-up periods or withdrawal penalties. We do request advance notice for large withdrawals.

Assets are held at qualified independent custodians (major brokerage firms) in your name. Glenorchy Capital never has custody of your funds - we only have trading authorization to manage the investments.

Your assets remain in your name at the independent custodian. In the unlikely event of firm closure, your assets would remain in your account and under your control.

Schedule a consultation call to discuss your objectives and our approach. If it's a good mutual fit, we'll provide investment management agreements and work with you to establish accounts. The entire process typically takes 1-2 weeks.