Global Masters Fund Ltd (GFL) was established for investors seeking long-term capital growth through investments in high-quality global assets. Berkshire Hathaway Inc, a New York Stock Exchange-listed investment corporation headed by famed businessman Warren Buffett, is Global Masters’ principal stake. The Global Masters portfolio also includes other global quality growth companies which are listed on various stock exchanges including the London Stock Exchange and the Australian Stock Exchange.
The primary source of value creation for Global Masters Shareholders is the capital appreciation of their shares since Berkshire Hathaway does not pay a dividend and any excess cash received by the Company after paying expenses is reinvested.
The Board takes the view that Global Masters’ international investments provide currency diversification to investors and therefore the Australia dollar/ US dollar currency exposure is not hedged. The resultant portfolio performance is monitored by GFL’s Board of Directors.
*as of 30/09/2023
Global Masters Fund (GFL) was founded in May 2004 in New South Wales and listed in May 2006. While GFL is a separate company, it is an integral and important part of the EC Pohl & Co group of companies broader investment strategy to provide exposure to the US and UK markets.
The EC Pohl & Co group of companies have indicated that they intend to retain at least a 51 percent interest in the Company at all times thereby assuring a long-term association with the group.
Creating Shareholder wealth through strategic investments in listed international companies.
Global Masters’ primary investment is in the New York Stock Exchange listed investment company, Berkshire Hathaway Inc. which is managed by the legendary Warren Buffett and domiciled in Omaha, Nebraska (USA). Berkshire Hathaway’s investment approach has traditionally followed the strict discipline of investing only in businesses with superior economic characteristics that are controlled by successful and skilled managers. Their investments comprise a diverse range of activities with the principal business being insurance, mainly through GEICO (motor) and General Re. Berkshire Hathaway also has substantial equity holdings in other large international companies such as Apple, Coca-Cola, Kraft Heinz and the American Express Company.
Global Masters Fund has appointed EC Pohl & Co to manage a portfolio of investments listed on the London Stock Exchange. The investment philosophy is built upon the belief that the economics of business drives long-term investment returns. This diversified, actively managed portfolio is made up of long-term investments in profitable, high-quality, growth businesses. Over time, the portfolio will further expand to include companies listed in other jurisdictions, in turn making Global Masters Fund a truly global investment company.
Since Berkshire Hathaway does not pay dividends, any income that it is received from the remainder of the investments will be used to defray expenses. Accordingly, it is unlikely that dividends will be declared for the foreseeable future.
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