Who we are

Cashmore+ is a private investment firm based in Auckland, New Zealand, focused exclusively on global equities.

We manage our own capital alongside that of a small group of long-term partners, with a clear goal: to grow wealth steadily over time.

The firm is led by Nicholas Cashmore, who brings more than 30 years of experience in equity markets and a thoughtful, disciplined approach to investing.

How we invest

We have a global perspective.

We invest beyond New Zealand. With global equity markets worth over US $125 trillion, staying local means missing out.

We manage a focused portfolio.

We manage a concentrated portfolio of investment ideas.

We have an absolute return mindset.

We don’t follow benchmarks. Our goal is to compound capital steadily over time.

We are long-term investors.

We invest, not trade. We act as owners of capital and won’t needlessly churn the portfolio. We are comfortable holding positions for years.

We don’t hedge our currency exposure.

It adds to costs and reduces long-run returns. We accept currency movement as part of global investing.

We like cash flow.

Especially the kind you can compound with a long runway. Cash-generating companies are more likely to survive tough markets.

Our fund

FAQs

Why did you start the fund?

After investing privately for a number of years, the fund has grown to sufficient scale to open an office and add more structure. As part of that transition, we decided to open up to third party investors who wish to invest alongside us.

What is the founder’s background?

I’ve spent over 30 years in equity markets, much of that time working across Asia and navigating everything from bull markets to financial crises. I started out as a financial analyst covering banks in Manila ahead of the 1997 Asian Crisis. By 2000, I was the head of research for Asia’s largest institutional stockbroker, CLSA, based in Jakarta. In the decade following I worked for CLSA across Southeast Asia and Hong Kong with a front row seat to the rise of Asia's middle class.

Around 2011, I struck out on my own, started investing fulltime and moved to Singapore. In 2018, I moved the family back to Auckland and continued to invest in global markets in a private capacity. Over the years, I’ve learned that the best results come from having conviction, patience, discipline, and doing your own work — not following the crowd.

Cashmore+ reflects that philosophy. It’s built on trust, careful research, and a commitment to acting as a true steward of capital. This fund is about growing wealth over time for my family and for those investors we work with.