Strategic Asset Allocation
Proprietary capital market assumptions, relative value analysis, probability-based market cycle assessment, and risk matrix construction.
A process built on a 16-year track record. No negative financial or calendar years
The Bristlecone Endowment Fund applies an all-weather investment philosophy that targets equity-like returns at substantially lower risk. A predecessor strategy run on the same process delivered 8.4% p.a. net with 5.1% annualised volatility across a 16-year reference track record.
Net of fees | Since inception 1 December 2022 | As at 31 May 2026 | Benchmark: CPI + 2.5% p.a.
A tested investment process that is simultaneously academically robust and market-adaptive.
Proprietary capital market assumptions, relative value analysis, probability-based market cycle assessment, and risk matrix construction.
Deep-dive correlation matrix at the exposure level (not just asset class), with core and satellite positioning for true diversification.
Scenario testing, regime analysis, and relative value shifts. Constant stress testing to ensure capital preservation remains embedded.
Positioning is set for the prevailing market environment, not anchored to a static allocation; dynamically rebalanced as conditions and opportunities evolve.
Open-ended liquid wholesale investment trust delivering capital preservation with growth. 5.8% p.a. net return since inception with only 3.2% annualised volatility, and a 3-year net return matching the ASX 200 at less than a third of its risk.
~$645M average AUM. 8.4% p.a. net returns with 5.1% volatility. No negative financial or calendar year across the entire period. Sharpe ratio of 1.2 vs ASX 200 at 0.47.
A predecessor reference strategy run on the same process. Past performance is not a reliable indicator of future performance.
We don't follow the herd. An independent investment approach and view, not just following consensus.
A key focus on longevity and downside protection through robust quantitative and qualitative risk management.
Portfolio positioning set for the market environment, not static around a stale Strategic Asset Allocation.
Fusing traditional investment styles with innovative new-world strategies: simultaneously academically robust.
Capital preservation for long-term growth as an actively managed diversified single solution.
Minimise total portfolio risk and improve downside protection when paired with common market products.
Formulating investment strategies that align with broader strategic goals for endowments and family offices.
An actively managed multi-asset solution for SMSFs that is liquid and seeks to compound over time.
Institutional separately managed accounts tailored to specific risk and return objectives.
Positioned as an alternative growth allocation to generate absolute returns with controlled drawdowns.
Aims to protect and grow wealth across generations as an endowment: a single, actively managed diversified solution for investors with a long time horizon.
Neutralising volatility alongside higher-risk capital or high-income allocations: a core holding that dampens overall portfolio risk while compounding over time.
This information is issued by Mantis Funds Services Pty Ltd (under AFSL 531 027 | ABN 97 649 083 689). Mantis Funds Services Pty Ltd is the Trustee of the Fund. You must read the Fund Fact Sheet and Information Memorandum and seek professional advice before deciding to invest.
Net of fees | January 2010 to December 2025 | Benchmark: CPI + 3% p.a. A predecessor reference strategy run on the same investment process. Past performance is not a reliable indicator of future performance.
The Bristlecone Pine is long-living and renowned for surviving through harsh weather and extreme conditions. Our investment philosophy mirrors this, with capital preservation embedded throughout market cycles.
The Fund suits clients seeking an actively managed, diversified allocation that targets equity-like returns with materially lower volatility, used as a core "Sleep Easy" holding or a satellite volatility dampener. We can provide the Information Memorandum, fact sheet and latest monthly report on request.
Beyond the open-ended wholesale trust, institutional separately managed accounts are available, tailored to specific risk and return objectives. Speak with the team about mandates, reporting and onboarding.
Contact the teamAvailable to wholesale clients. Request access and our team will send the current documents.
Sustainable capital preservation and growth, built to endure.