NWQ Capital Management is a boutique Perth-based investment services company led by experienced institutional professionals. NWQ is founded on a core philosophy of absolute return investing, placing an equal emphasis on capital preservation and return optimisation. We believe conventional portfolio design is prone to undesirable volatility and large negative shocks. The global financial crisis exposed the shortcomings of static asset allocations and traditional benchmark – driven investment strategies. In 2008 the average 60/40 growth/defensive portfolio lost -27%. Our flagship fund, the NWQ Fiduciary Fund is market neutral in style and is founded on NWQ's belief that conventional portfolio design is prone to undesirable volatility and large negative shocks which can be mitigated. The fund is designed to address these undesirable outcomes, looking for smoother performance over time, and targeting performance, after management fees and usual expenses, of between 4-5% over RBA Cash Rate over rolling five-year periods.