Salt Funds Management is a boutique investment firm based in Auckland, New Zealand. Salt is an active manager with an investment philosophy centred on the belief that market inefficiencies exist and can be exploited over time to deliver superior risk-adjusted returns. The consideration of environmental, social and governance (ESG) factors is integral to the research and Salt analysts consider the potential for ESG factors to influence long term returns on invested capital (positively and negatively). Salt is a signatory to the United Nations Principles for Responsible Investment.