Auscap believes extreme market dislocation has created rare opportunities outside the crowded ASX 20, with quality businesses sold off despite resilient earnings. Tim Carleton argues the disconnect is being driven by flows, concentration and AI fear rather than fundamentals, opening the door to disciplined stock picking. Auscap is leaning into companies with durable structural moats where valuations have reset but long‑term earnings power remains intact.

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Tim Carleton

Tim Carleton founded Auscap Asset Management in 2012. He has over 20 years’ experience in the financial services industry. From 2007 to 2011 he was an Executive Director at Goldman Sachs where he was responsible for managing an Australian equities portfolio using proprietary funds. Prior to 2007 he worked at Macquarie Bank within the Investment Banking Group. Tim has a Bachelor of Laws (Hons) and a Bachelor of Commerce from the University of Sydney and is a CFA charterholder, a CMT charterholder, a Senior Associate of FINSIA and a Graduate of the Australian Institute of Company Directors (GAICD). 

Information provided is general information and is for educational purposes only, and does not include, or constitute as, financial product advice.