ETTINGTON PARK

STRATFORD UPON AVON

CV37 8BU

Orbis Global Balanced Strategy 10th Birthday Celebration

Returns in the real world

2022 saw decades-high inflation, volatile commodity prices, boiling geopolitical tensions, widespread energy shortages, rising interest rates, a synchronised decline in stocks and bond markets, and a punishing sell-off in speculative growth stocks.

After that tumultuous year, how can investors position portfolios to generate real returns going forward? While the years ahead could be challenging for stockmarkets, they could be much more rewarding for active stockpickers.

Join Alec Cutler , portfolio manager of the Orbis Global Balanced Strategy, in conversation with Rob Perrone , Investment Cousellor, for a discussion of these issues, the risks facing markets, and the opportunities still available for active investors.

Speakers

Alec Cutler, Orbis Global Balanced Portfolio Manager- Orbis Investments

Alec Cutler, Bachelor of Science (Honours) in Naval Architecture (United States Naval Academy), Master of Business Administration (The Wharton School of the University of Pennsylvania), Chartered Financial Analyst. Alec joined Orbis in 2004. Based in Bermuda, he leads the multi-asset team, is one of the Portfolio Managers for the Orbis Global Balanced Strategy, and has overall responsibility for the strategy. He previously worked for 10 years at Brandywine Asset Management LLC managing the Relative Value strategy, co-managing the Large Cap Value area and co-managing the firm as a member of the Executive Committee.

Rob Perrone, Investment Counsellor

Rob joined Orbis in 2011 and is an investment counsellor and a member of the Orbis multi - asset investment team. Rob holds a Bachelor of Arts (Honours ) degree and a Master of Arts degree from Carnegie Mellon University, and is a CFA charterholder.

Directions

By Road

From the M40 Leave the M40 at junction 15 and take the A429 signposted towards Stow and Cirencester. Continue on this road and after approximately 15 miles at roundabout, do not turn left towards Ettington Village, but continue straight ahead on the A429 towards Stow and Cirencester. After approximately 1/2 a mile, turn right at the sign to Ettington Park. Continue for approximately 1 mile and the entrance to the hotel is via the second turning on your left after the Business Park.

From Stratford-upon-Avon From the centre of Stratford-upon-Avon, head out on the A3400 towards Shipston and Oxford. Continue along this road for approximately 5 miles, and once through the village of Alderminster, the hotel entrance will be on your left hand side, immediately after the turning for Ettington.