About Acorn

The first specialist microcap investor in the Australian market

Acorn Capital was established in 1998 as a specialist Emerging Company (or Microcap) investment manager.

Acorn Capital distinguishes itself on the basis of its relatively large research and investment team with expertise across all industries and its focus on providing expansions captial to developing companies.

Through its strategies Acorn Capital can provide Investors efficient off index exposure to both public, private, emerging companies.

Investment Philosophy

Acorn Capital’s investment philosophy is to generate long-term outperformance through its distinctive research and investment capabilities to identify attractive opportunities in less efficient markets. Acorn Capital targets the management of small to microcap portfolios for clients in a way that:

  • is founded on structured, fundamental investment research;
  • makes full use of the business and financial markets experience of Acorn Capital’s Board and executive personnel; and
  • is professionally and academically rigorous.

This philosophy applies to all Acorn Capital investment management products.

Why Acorn Capital?

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Boutique investment manager established in 1998

Research driven investment process

Specialist emerging company investor in the Australian market

In depth fundamental research - the cornerstone of our investment performance

Team

Investment Team

Robert Routley

Robert Routley is Acorn Capital’s Chief Executive Officer and is responsible for the strategic direction and management of the Company, as well as product management responsibilities for private/unlisted investments undertaken by Acorn Capital. Rob joined Acorn Capital in 2007. Rob commenced his career with PwC and prior to joining Acorn Capital held investment management roles with Colonial First State Private Equity and Baron Corporation. Rob holds a Bachelor of Commerce and Master of Business Administration from the University of Melbourne.

James Douglas

James Douglas is an Investment Director with responsibility for the origination, execution and monitoring of Acorn Capital’s private investments. Following a 16 year investment banking career in Australia and the United States, including senior leadership roles at UBS, Merrill Lynch and Citibank, James founded Newmarket Capital, which focuses on investments in Australian hardware and physical technology companies. James is the Chairman of Carbon Revolution, a Geelong-based carbon fibre wheel manufacturer and Quickstep Holdings an ASX-listed aerospace advanced composite manufacturer. James holds a Bachelor of Science and Bachelor of Laws from the University of Melbourne.

Paul Palumbo

Paul Palumbo is a Portfolio Manager and Head of Portfolio Implementation with responsibility for the Healthcare and Biotechnology sectors, undertaking fundamental research of companies within those sectors and selecting stocks for inclusion in client portfolios, as well as portfolio dealing and construction in which he manages relations with market counterparties, transacts on clients’ behalf and conducts portfolio data analysis and construction. Paul joined Acorn Capital in 2007. Paul began his career at PwC and IBM Business Consulting. Paul holds a bachelor of Business Information Systems and a Graduate Diploma in Applied Finance and Investment.

Robert Bruce

Robert Bruce is a Portfolio Manager with responsibilities including the development of screening criteria for the Consumer Discretionary, Consumer Staples and Information Technology sectors, undertaking fundamental investment research on companies within those sectors and selecting stocks for inclusion in client portfolios. Rob began his career as an insolvency practitioner and prior to joining Acorn Capital in 2014 he spent the previous 17 years as a sell and buy side research analyst in Australia and Asia, most recently at CLSA Asia Pacific Markets. Rob holds a Bachelor of Commerce from the University of Melbourne.

Ben Dalling

Ben Dalling is a Portfolio Manager/Analyst with responsibility for the Industrials, Financials and Utilities sectors, undertaking fundamental investment research on companies within those sectors and selecting stocks for inclusion in client portfolios. Ben joined Acorn Capital in 2014. Prior to joining Acorn Capital Ben worked for [20] years as a sell side analyst, most recently with Citigroup where he was the Head of Small Cap research. Ben holds a Bachelor of Economics (Hons) from LaTrobe University and a Master of Commerce from the University of Melbourne.

Rick Squire

Rick Squire is a Portfolio Manger with responsibility for the provision of research and selection of holdings in the Resources and Energy sectors, undertaking fundamental investment research on companies within those sectors and selecting stocks for the inclusion in client portfolios. Rick is a geologist with over 20 years of experience across the mining, exploration and research of mineral deposits, with the past 7 years in mining finance. Rick holds a Bachelor of Science (Hons) from Monash University as well as a PhD from the University of Tasmania.

Karina Bader

Karina Bader is an Analyst who assists in the provision of research selection of holdings in the Resources and Energy sectors. A geologist by training, Karina’s career began over 20 years ago as a project geologist with resources companies and consultants primarily in gold exploration. Karina holds a Bachelor of Science (Hons) from Monash University and a Master of Business Administration from Deakin University. Karina joined Acorn Capital in 2009.

Matthew Sheehan

Matthew Sheehan is an Investment Director, responsible for the origination, assessment and ongoing management of private investments, with a particular focus on the structuring and documentation of unlisted investments. He is also the Legal Counsel and Company Secretary of both Acorn Capital and ACQ. Matt began his career as a private practise lawyer and worked at firms in Melbourne, New York and London. Prior to joining Acorn Capital in 2009, Matt worked at Macquarie Group as the General Counsel and Company Secretary of various listed and unlisted infrastructure funds. Matt holds a Bachelor of Economics (Hons) from Monash University, as well as a Bachelor of Laws (Hons) and Masters of Applied Finance from the University of Melbourne.

Brian Gan

Brian Gan is an Analyst who assists the Portfolio Managers in the undertaking of fundamental investment research on companies within their sectors. Brian joined Acorn Capital in 2015 following the completion of his Masters of Finance from the University of Melbourne.

Board of Directors

Robert Officer (Chairman)

Bob Officer is a Professor Emeritus of the University of Melbourne and a specialist in financial economics. His career has spanned academia and consulting across private and public organizations. Current and former directorships include Victorian Funds Management Corporation, Transport Accident Commission of Victoria, Victorian WorkCover Authority, Over Fifty Group Limited, CP2 Limited, JF Capital Partners and the Bank of Melbourne.

David Bryant

David Bryant is the Chief Executive Officer for Australian Unity Wealth and Chief Investment Officer for the Australian Unity Group. He is responsible for Australian Unity’s financial services, investment and banking activities in Australia. Prior to joining Australian Unity in 2004, David was Chief Operating Officer at Perpetual Personal Financial Services. David is a director of the Australian Financial Services Council, and Co-Chair of its Advice Board Committee. David is also a Fellow of the Australian Institute of Company Directors, the Australian Institute of Management and FINSIA.

Geraldine Barlow

Geraldine Barlow is the General Manager for Australian Unity Wealth. She joined Australian Unity in 2016 and is responsible for leading Australian Unity Wealth’s internal investment teams across multi asset portfolios and AU’s external joint venture businesses in Australian equities. Before joining Australian Unity, Geraldine was head of real return and real estate at the New Mexico State Investment Council, the second largest sovereign wealth fund in the US. Prior to this, Geraldine worked for Hastings Funds Management in the US as well as running her own consulting firm there.

Barry Fairley

Barry Fairley is the founder and former Managing Director of Acorn Capital. He was formerly a director of McIntosh Securities where he was responsible for researching corporate activities in the mining sector. In addition, Barry has established and operated a number of businesses.

Robert Brown

Rob Brown is a Professor Emeritus of Finance University of Melbourne, where his research has focused on security market behaviour. He holds a Bachelor of Economics (Honours) and Master of Economics from the University of Sydney, as well as a Graduate Diploma in Accounting from Victoria College and is a fellow of CPA Australia, a senior fellow of the Australasian Institute of Financial Services and a graduate of the Australian Institute of Company Directors.