About Us

We aim to analyse our own portfolio and the broader market for the benefit of others.

Insufficient Capital was founded by Peter Stevens with a firm belief in the importance of a small management team to generate superior risk-adjusted returns throughout the market cycle. Some of the lessons learnt along the way manifest in the Ground Rules.

Peter has managed his own equities portfolio for 10 years and is studying a Bachelor of Civil Engineering (Hons) and Commerce (Finance) at UNSW. Peter’s preferred areas are deep value, mining and structural growth opportunities.

Matthew Brener is a highly skilled analyst. Matthew is studying a Bachelor of Electrical Engineering (Hons) and Commerce (Finance) at UNSW.

Justin Panos directs Business Development. Justin is studying a Bachelor of Electrical Engineering (Hons) and Commerce (Financial Economics) at UNSW.