NEWS
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LIC/LIT Conflict of Interest Debate
7 Feb 2020 - Christopher Joye - Coolabah Capital Investments
Mis-selling plagues the asset class as issuers paying commissions to advisers and brokers continue to cause friction within the industry...
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7 Feb 2020 - LIC/LIT Conflict of Interest Debate
By: Christopher Joye - Coolabah Capital Investments
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The False Contradiction of Value Versus Growth
7 Feb 2020 - Charlie Aitken, Aitken Investment Management
Given the substantial outperformance of 'growth' stocks over the past decade - and 2019 in particular - there is currently a robust debate around whether it's time to switch to a more 'value' oriented portfolio.
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7 Feb 2020 - The False Contradiction of Value Versus Growth
By: Charlie Aitken, Aitken Investment Management
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Trends in Renewable Energy and some thoughts on climate change
6 Feb 2020 - Delft Partners
The range of investment opportunities in renewables is increasing and perhaps counter intuitively is most apparent in the USA, and obviously, Canada. This is capitalism in action since the cost benefits of renewables are now comparable to...
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6 Feb 2020 - Trends in Renewable Energy and some thoughts on climate change
By: Delft Partners
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Coronavirus - Worse than you think, but not necessarily bad for stocks
6 Feb 2020 - Michael Frazis, Frazis Capital Partners
The 2020 Coronavirus has become a cultural meme, like Kony 2012 or bitcoin in 2018. I'd guess most people on the planet have talked about it in the last 24 hours. The doctor line seems to be that it's not that bad... more people die from...
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6 Feb 2020 - Coronavirus - Worse than you think, but not necessarily bad for stocks
By: Michael Frazis, Frazis Capital Partners
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Retirement Income Review Submission
5 Feb 2020 - Gyrostat Capital Management
The importance of new risk management techniques.
While minimising the risks associated with lifetime investment earnings for Australians is a proposition with wide support, the Australian financial services sector is founded on...
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5 Feb 2020 - Retirement Income Review Submission
By: Gyrostat Capital Management
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New Funds on Fundmonitors.com
5 Feb 2020 - Australian Fund Monitors
Here are some of the latest additions to our database. Follow the links to view each fund's profile, where you'll have access to their offer documents, monthly reports, historical returns, performance analytics, rankings, research,...
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5 Feb 2020 - New Funds on Fundmonitors.com
By: Australian Fund Monitors
New Funds on Fundmonitors.com |
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1851 Emerging Companies Fund | ||||
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Delft Partners Global Infrastructure Strategy | ||||
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Chester High Conviction Fund | ||||
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Smarter Money (Active Cash) Fund (SMAC) | ||||
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Smarter Money Higher Income Fund (SMHI) | ||||
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Smarter Money Long Short Credit Fund (LSCF) | ||||
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Performance Report: Ark Global Fund - Class B AUD Hedged
5 Feb 2020 - Australian Fund Monitors
The Ark Global Fund (Hedged) has returned +10.99% over the past 12 months and +9.53% p.a. since inception in July 2017. The Fund's down-capture ratio for performance since inception of -81.34% highlights the Fund's capacity to...
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5 Feb 2020 - Performance Report: Ark Global Fund - Class B AUD Hedged
By: Australian Fund Monitors
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Fund Overview | The investment objective of the Fund is to achieve long-term capital appreciation with low correlation to global equity markets through investment in the Underlying Fund. Fund One is a global macro fund that utilises quantitative research including machine learning techniques and fully automated trading algorithms which will aim to generate positive uncorrelated returns relative to any significant equity benchmark. The traded instruments are either major FX pairs or the most liquid exchange traded stock index, bond, and commodity futures across North America, Europe and Asia Pacific. The algorithm backtests over 10 years of tick data and in order to do so effectively requires machine learning to filter noise and identify meaningful signals, which results in statistically significant prediction of price movements. In production this processing is done in real time and the portfolio reacts to asset movements by rebalancing automatically to the desired risk exposure through the market impact optimised execution logic. Risk management layers built into the algorithm have been developed using the experience the team has gained from their decades in highly liquid fast-moving markets in the proprietary High Frequency Trading world. This allows the system to trade autonomously but safely to all trading opportunities and potential system issues, and to alert the team to any behaviour outside of strictly controlled bounds. The Fund is a 'feeder fund' which indirectly gains exposure to the underlying assets by investing all or substantially all of its assets in the Underlying Fund. The Fund may retain a certain amount of cash from the investment in the Fund for the purpose of payment of costs, fees, hedging and expenses. |
Manager Comments | The Fund's top performing assets for the month were: S&P/TSX 60 Index (+2.57% of NAV), 10-Year T-Bond (+1.72% of NAV), and AUD/USD (+1.60% of NAV). The worst performing assets were: Platinum (-1.84% of NAV), E-mini S&P 500 (-1.12% of NAV), and 10-Year Government of Canada Bond (-0.96% of NAV). Ark noted the following popular predictions for what 2020 holds in store for investors: no global recession, no rate rises, some rate cuts, steady stock markets (thanks to the rate cuts) and another good year for tech stocks. |
More Information |
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Performance Report: Bennelong Concentrated Australian Equities Fund
4 Feb 2020 - Australian Fund Monitors
The Bennelong Concentrated Australian Equity Fund rose +28.37% over 2019, outperforming the ASX200 Accumulation Index by +4.97% and taking annualised performance since inception in February 2009 to +16.68% versus the Index's +10.82%.
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4 Feb 2020 - Performance Report: Bennelong Concentrated Australian Equities Fund
By: Australian Fund Monitors
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Fund Overview | The overriding objective of the Concentrated Australian Equities Fund is to seek investment opportunities which are under-appreciated and have the potential to deliver positive earnings, while satisfying our stringent quality criteria. Bennelong's investment process combines bottom-up fundamental analysis together with proprietary investment tools which are used to build and maintain high quality portfolios that are risk aware. The portfolio typically consists of 20-35 high-conviction stocks from the S&P/ASX 300 Index. The Fund may invest in securities listed on other exchanges where such securities relate to ASX-listed securities. Derivative instruments are mainly used to replicate underlying positions and hedge market and company specific risks. |
Manager Comments | The Fund returned +5.51% over the December quarter versus the Index's +0.68%. The main contributor to the quarterly return was the Fund's outsized position in the healthcare sector, and in particular its positions in Fisher & Paykel Healthcare and CSL. The other main contributor to the Fund's relative outperformance was avoiding the banks' underperformance - the Fund owns no banks. There were detractors, however they didn't detract significantly from performance. The largest detractor was Afterpay, which gave back some of the outperformance delivered in previous periods. Bennelong believe the many social, political and economic uncertainties that overshadowed markets in 2019 remain. They expect the ASX to produce reasonable returns over the medium term, albeit with ups and downs along the way. The Fund is selectively invested in a group of high quality growth stocks including names such as CSL and Fisher & Paykel Healthcare. |
More Information |
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Performance Report: Datt Capital Absolute Return Fund
3 Feb 2020 - Australian Fund Monitors
The Datt Capital Absolute Return Fund returned +0.84% in December, outperforming the ASX200 Accumulation Index by +3.01% and taking annualised performance since inception in August 2018 to +9.68% versus the Index's +9.28%.
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3 Feb 2020 - Performance Report: Datt Capital Absolute Return Fund
By: Australian Fund Monitors
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Fund Overview | Our investment objectives are: 1) To minimise the risk of permanent capital loss 2) Generate a net return of 10% through the economic cycle An unconstrained, concentrated approach focused on superior risk-adjusted returns. The investment strategy: - targets long-term capital growth in a prudent manner, with an emphasis on capital preservation and low volatility in returns - aims to outperform in markets where equities are down - diversifies investments across asset classes and duration to reduce risk while maintaining relatively concentrated exposure to attractive investment opportunities - is an application of the Manager's investment process, that has no institutional constraints and is completely benchmark unaware |
Manager Comments | During December the Fund evaluated 2 debt deals and invested in 1 new opportunity in commercial real estate. Datt Capital continue to monitor a number of fixed income instruments in the distressed and special situation space. The Fund's equity exposure decreased as the manager decided to exit Lynas. The Fund's current equity exposures are: Afterpay, Adriatic Metals, Alice Queen, Argonaut Resources, Valmec, Whitehaven Coal and Yandal Resources. Datt Capital noted they have a full pipeline of potential investment opportunities which they consider materially undervalued and will carefully consider for inclusion in the portfolio at the appropriate time. |
More Information |
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Fund Review: Bennelong Long Short Equity Fund December 2019
3 Feb 2020 - Australian Fund Monitors
Latest Fund Review for the Bennelong Long Short Equity Fund is now available. The Fund is a research driven, market and sector neutral, "pairs" trading strategy investing primarily in large-caps from the ASX/S&P100 Index...
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3 Feb 2020 - Fund Review: Bennelong Long Short Equity Fund December 2019
By: Australian Fund Monitors
AFM Fund Review - December 2019 (pdf format)
BENNELONG LONG SHORT EQUITY FUND
Attached is our most recently updated Fund Review on the Bennelong Long Short Equity Fund.
- The Fund is a research driven, market and sector neutral, "pairs" trading strategy investing primarily in large-caps from the ASX/S&P100 Index, with over 16-years' track record and an annualised returns of 15.17%.
- The consistent returns across the investment history highlight the Fund's ability to provide positive returns in volatile and negative markets and significantly outperform the broader market. The Fund's Sharpe Ratio and Sortino Ratio are 0.94 and 1.55 respectively.
For further details on the Fund, please do not hesitate to contact us.
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