Firetrail's Patrick Hodgens looks for all-weather winners

The newest Australian equities manager on the block, Firetrail Investments, sees the index through only four concepts: China, Australia, yield and global, doing away altogether with the standard industry classifications.

As Patrick Hodgens tells it, there are 25 great ideas out there in the market: "We don't really care what sector that is, let's just get out there and uncover them."