Castlereagh Equity is a Sydney-based unlisted private investment company. Our long term aim is to generate superior risk-adjusted returns. Returns to shareholders are generated by purchasing securities that are understandable, that have honest and capable managers and are highly likely to generate superior returns over time. Securities will only be purchased when the price on offer is at the low end of conservatively appraised range of values, with a low risk of permanent loss of capital. Superior returns are also generated from our focus of minimising fees and expenses.