Michael Frazis has overhauled his investment approach, abandoning the discretionary stock-picking methods that led to a severe portfolio drawdown in 2022.
The fund manager, whose assets fell nearly 70% during the market turmoil of that year, has since adopted a quantitative-based strategy that is now generating significant returns for a roster of high-profile investors.
The turnaround marks a stark contrast to the redemptions that plagued Frazis’s career shortly after the 2022 crash.
According to a report in the Australian Financial Review, the new methodology has not only stabilized his fund but is delivering performance that has re-engaged institutional and private wealth clients who had previously withdrawn capital.
Frazis’s experience underscores the broader industry shift toward systematic investing in an era of heightened volatility.
While many active managers struggled to justify fees after the 2022 losses, Frazis’s pivot to data-driven models appears to have restored investor confidence.