Spheria Asset Management is a fundamental-based investment manager with a bottom-up focus specialising in small and microcap companies. Our mission is to achieve strong investment returns for our clients with an emphasis on risk management. Keeping an open mind to potential investments is critical to our process and expanding our horizons to consider global influences gives us a powerful edge.
Spheria’s co-founders, Marcus Burns, Matthew Booker and Adam Lund have more than 50 years combined experience in the investment management industry.
Since Spheria’s launch in 2016 the team has grown to nine highly skilled investment professionals, providing clients with an unsurpassed level of expertise in small and microcap investing.
Our investment philosophy is to purchase securities where the present value of future free cash flows can be reasonably ascertained and the security is trading at discount to its intrinsic value.
Keeping an open mind to potential investments is critical to our process and expanding our horizons to consider global influences gives us a powerful edge.
Assessing risk is fundamental to Spheria’s investment philosophy. Explicit risk controls include a preference for companies with low or no balance sheet gearing. When the company does have debt, Spheria ensures that free cash flow can support the said level of gearing and is appropriate for the nature of the business.
Responsible Investing & ESG factors are an increasing focus for us. View our Corporate Responsibility section for more on this.
The Spheria team has an unwavering desire to achieve strong outcomes for investors. This commitment to always put clients first influences not only how we invest but how we behave as corporate citizens. The following principles underpin the way our team operates.
Our workplace culture is one of collaboration, support and continuous personal development. Most importantly, we believe work-life balance is critical in enabling our people to reach their full potential.
Our diverse team structure consists of highly skilled professionals dedicated to delivering Spheria’s investment philosophy, purpose and values.
Prior to establishing Spheria, the firm’s co-founders worked together in small and microcap investing at a large institution. During this time, they delivered double-digit returns. However, over the years a shared resolve emerged – a belief that investors could be better served in an independent, investment-led boutique model.
In 2016, Marcus Burns, Matthew Booker and Adam Lund launched Spheria Asset Management with the backing of minority equity partner, Pinnacle Investment Management.
Pinnacle provides non-investment support including distribution, middle office, risk and compliance, allowing the Spheria team to focus on what matters most – delivering strong outcomes for investors.
Since 2016, the co-founding trio have been joined by a growing team of like-minded individuals, equally as passionate about small and microcap investing. This growth continues to provide clients additional coverage, expertise, and investment flexibility.
Spheria recognises the benefits of a diverse group of employees reflecting different backgrounds, perspectives, styles, knowledge, experience and abilities.
We are committed to workplace diversity. We recruit, develop, reward and retain people with diverse backgrounds to meet the needs of our clients, shareholders and community.
Spheria has a strong focus on the development of its staff. Each individual has a personal development plan and meets regularly with their manager to discuss performance, relevant development initiatives that support Spheria’s commercial goals and the individual’s career aspirations and to ensure a sense of purposeful direction for each employee.
Our people are committed to the success of Spheria and we take an active involvement in team welfare and engagement.
Spheria is fully supportive of initiatives to optimise the mental health of our employees. We have an Employee Assistance Program for Spheria employees and their immediate family members. Confidential counselling is available to provide support on a range of personal and work-related issues.
Our Founders monitor workloads, wellbeing and resourcing to ensure mental health is not compromised during periods of high stress.
The Company promotes and rewards behaviours that are in the best interest of our Clients and Shareholders. Employees are encouraged to always act in Spheria’s best interests and maintain a line of sight to long term goals. To help enable this, Spheria is majority owned by employees.
Spheria Asset Management takes pride in ensuring students undertake real world work experience and receive mentoring opportunities to assist them in unlocking their full potential, whilst preparing themselves for their future careers.
To register your interest for any student or graduate opportunities please contact us by filling out a form.
"As a senior school student with an active interest in investment markets, I found the Spheria internship invaluable in providing me with a detailed understanding into how markets, trading and investment selection works. The team at Spheria involved me with all facets of funds management ranging from meeting with companies and clients, trading, analysis, portfolio management, data through to ESG considerations. The Spheria team were truly amazing in explaining how funds management works whilst also being wonderful people to work with. This opportunity has not only broadened my horizons but has also fuelled my passion for the world of finance and investment. Thanks so much for the opportunity and being such inspirational role models to aspire to."
Spheria proudly supports women in finance scholarships, with the aim of encouraging more women to join the financial services industry.
To register your interest for a scholarship, please contact us by filling out a form.
“I was honoured to receive the Pinnacle Women in Finance Scholarship, leading to a rewarding internship as an Investment Analyst at Spheria Asset Management, an affiliate of Pinnacle. This opportunity allowed me to extend my understanding of investments beyond my university studies and apply theoretical knowledge to practical tasks in a financial environment. The supportive team at Spheria played a crucial role, dedicating time and effort to foster my learning and contribute to an invaluable and enlightening experience.”
