NEWS
Fund Review: Insync Global Capital Aware Fund May 2022
30 Jun 2022 - FundMonitors.com
Latest Fund Review on Insync Global Capital Aware Fund is now available. The Global Capital Aware Fund invests in a concentrated portfolio of 15-30 stocks, targeting exceptional, large cap global companies with a strong focus on dividend...
Read more...
30 Jun 2022 - Fund Review: Insync Global Capital Aware Fund May 2022
By: FundMonitors.com
AFM Fund Review - May 2022 (pdf format)
INSYNC GLOBAL CAPITAL AWARE FUND
Attached is our most recently updated Fund Review on the Insync Global Capital Aware Fund.
We would like to highlight the following:
- The Global Capital Aware Fund invests in a concentrated portfolio of 15-30 stocks, targeting exceptional, large cap global companies with a strong focus on dividend growth and downside protection.
- Portfolio selection is driven by a core strategy of investing in companies with sustainable growth in dividends, high returns on capital, positive free cash flows and strong balance sheets.
- Emphasis on limiting downside risk is through extensive company research, the ability to hold cash and long protective index put options.
For further details on the Fund, please do not hesitate to contact us.
AFM Fund Review - May 2022 (pdf format)
Performance Report: Paragon Australian Long Short Fund
29 Jun 2022 - FundMonitors.com
The Paragon Australian Long Short Fund has a track record of 9 years and 3 months and has outperformed the ASX 200 Total Return Index since inception in March 2013, providing investors with an annualised return of 11.01% compared with the...
Read more...
29 Jun 2022 - Performance Report: Paragon Australian Long Short Fund
By: FundMonitors.com
| Report Date | |
| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months (pa) | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| Fund Overview | Paragon's unique investment style, comprising thematic led idea generation followed with an in depth research effort, results in a concentrated portfolio of high conviction stocks. Conviction in bottom up analysis drives the investment case and ultimate position sizing: * Both quantitative analysis - probability weighted high/low/base case valuations - and qualitative analysis - company meetings, assessing management, the business model, balance sheet strength and likely direction of returns - collectively form Paragon's overall view for each investment case. * Paragon will then allocate weighting to each investment opportunity based on a risk/reward profile, capped to defined investment parameters by market cap, which are continually monitored as part of Paragon's overall risk management framework. The objective of the Paragon Fund is to produce absolute returns in excess of 10% p.a. over a 3-5 year time horizon with a low correlation to the Australian equities market. |
| Manager Comments | On a calendar year basis, the fund has only experienced a negative annual return once in the 9 years and 3 months since its inception. Over the past 12 months, the fund's largest drawdown was -27.05% vs the index's -6.35%, and since inception in March 2013 the fund's largest drawdown was -45.11% vs the index's maximum drawdown over the same period of -26.75%. The fund's maximum drawdown began in January 2018 and lasted 2 years and 7 months, reaching its lowest point during March 2020. The fund had completely recovered its losses by August 2020. The Manager has delivered these returns with 12.76% more volatility than the index, contributing to a Sharpe ratio which has fallen below 1 five times over the past five years and which currently sits at 0.47 since inception. The fund has provided positive monthly returns 69% of the time in rising markets and 44% of the time during periods of market decline, contributing to an up-capture ratio since inception of 107% and a down-capture ratio of 92%. |
| More Information |
Performance Report: Bennelong Concentrated Australian Equities Fund
29 Jun 2022 - FundMonitors.com
The Bennelong Concentrated Australian Equities Fund returned -7.01% in May. The fund has outperformed the ASX 200 Total Return Index since inception in February 2009, providing investors with an annualised return of 14.34% compared with...
Read more...
29 Jun 2022 - Performance Report: Bennelong Concentrated Australian Equities Fund
By: FundMonitors.com
| Report Date | |
| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months (pa) | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| Fund Overview | |
| Manager Comments | The Bennelong Concentrated Australian Equities Fund has a track record of 13 years and 4 months and has outperformed the ASX 200 Total Return Index since inception in February 2009, providing investors with an annualised return of 14.34% compared with the index's return of 10.09% over the same period. On a calendar year basis, the fund has experienced a negative annual return on 2 occasions in the 13 years and 4 months since its inception. Over the past 12 months, the fund's largest drawdown was -26.45% vs the index's -6.35%, and since inception in February 2009 the fund's largest drawdown was -26.45% vs the index's maximum drawdown over the same period of -26.75%. The fund's maximum drawdown began in December 2021 and has lasted 5 months, reaching its lowest point during May 2022. During this period, the index's maximum drawdown was -6.35%. The Manager has delivered these returns with 1.93% more volatility than the index, contributing to a Sharpe ratio which has fallen below 1 five times over the past five years and which currently sits at 0.81 since inception. The fund has provided positive monthly returns 90% of the time in rising markets and 19% of the time during periods of market decline, contributing to an up-capture ratio since inception of 137% and a down-capture ratio of 96%. |
| More Information |
Performance Report: Digital Asset Fund (Digital Opportunities Class)
28 Jun 2022 - FundMonitors.com
The Digital Asset Fund (Digital Opportunities Class) rose by +0.35% in May, an outperformance of +28.94% compared with the S&P Cryptocurrency Broad Digital Market Index which fell by -28.59%. The fund has outperformed the index since...
Read more...
28 Jun 2022 - Performance Report: Digital Asset Fund (Digital Opportunities Class)
By: FundMonitors.com
| Report Date | |
| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months (pa) | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| Fund Overview | The Fund offers a choice of three investment classes, each of which adopts a different investment strategy: - The Digital Opportunities Class identifies and trades low risk arbitrage opportunities between different exchanges and a number of digital assets; - The Digital Index Class tracks the performance of a basket of digital assets; - The Bitcoin Index Class tracks the performance of Bitcoin. Digital Opportunities Class: This class appeals to investors seeking an active exposure to the digital asset markets with no directional bias. The Digital Opportunities Class employs a high frequency inspired Market Neutral strategy trading 24/7 which uses a systematic approach designed to offer uncorrelated returns to the underlying highly volatile cryptocurrency markets. The strategy systematically exploits low-risk arbitrage opportunities across the most liquid and active digital asset markets on the most respected exchanges. When appropriate the Fund may obtain leverage, including through borrowing cash, securities and other instruments, and entering into derivative transactions and repurchase agreements. DAFM has a currency hedging policy in place for the Units in the Fund. Units in the Fund will be hedged against exposure to assets denominated in US dollars through a trading account with spot, forwards and options as directed by DAFM. |
| Manager Comments | Since inception, the fund hasn't had any negative monthly returns and therefore hasn't experienced a drawdown. Over the same period, the index's largest drawdown was -55.54%. The Manager has delivered these returns with 43.99% less volatility than the index, contributing to a Sharpe ratio for performance over the past 12 months of 4.14 and for performance since inception of 1.79. The fund has provided positive monthly returns 100% of the time in rising markets and 100% of the time during periods of market decline, contributing to an up-capture ratio since inception of 9% and a down-capture ratio of -52%. |
| More Information |
Performance Report: Bennelong Emerging Companies Fund
28 Jun 2022 - FundMonitors.com
The Bennelong Emerging Companies Fund has a track record of 4 years and 7 months and therefore comparison over all market conditions and against its peers is limited. However, the fund has outperformed the ASX 200 Total Return Index since...
Read more...
28 Jun 2022 - Performance Report: Bennelong Emerging Companies Fund
By: FundMonitors.com
| Report Date | |
| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months (pa) | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| Fund Overview | |
| Manager Comments | The Bennelong Emerging Companies Fund has a track record of 4 years and 7 months and therefore comparison over all market conditions and against its peers is limited. However, the fund has outperformed the ASX 200 Total Return Index since inception in November 2017, providing investors with an annualised return of 19.01% compared with the index's return of 8.54% over the same period. On a calendar year basis, the fund has only experienced a negative annual return once in the 4 years and 7 months since its inception. Over the past 12 months, the fund's largest drawdown was -23.74% vs the index's -6.35%, and since inception in November 2017 the fund's largest drawdown was -41.74% vs the index's maximum drawdown over the same period of -26.75%. The fund's maximum drawdown began in December 2019 and lasted 10 months, reaching its lowest point during March 2020. The fund had completely recovered its losses by October 2020. The Manager has delivered these returns with 15.28% more volatility than the index, contributing to a Sharpe ratio which has fallen below 1 four times over the past four years and which currently sits at 0.71 since inception. The fund has provided positive monthly returns 81% of the time in rising markets and 33% of the time during periods of market decline, contributing to an up-capture ratio since inception of 270% and a down-capture ratio of 129%. |
| More Information |
Fund Review: Bennelong Long Short Equity Fund May 2022
27 Jun 2022 - FundMonitors.com
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...
Read more...
27 Jun 2022 - Fund Review: Bennelong Long Short Equity Fund May 2022
By: FundMonitors.com
AFM Fund Review - May 2022 (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 20-years' track record and an annualised return of 12.84%.
- 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 0.74 and 1.12 respectively.
For further details on the Fund, please do not hesitate to contact us.
AFM Fund Review - May 2022 (pdf format)
Performance Report: Glenmore Australian Equities Fund
27 Jun 2022 - FundMonitors.com
The Glenmore Australian Equities Fund has a track record of 5 years and has outperformed the ASX 200 Total Return Index since inception in June 2017, providing investors with an annualised return of 23.88% compared with the index's return...
Read more...
27 Jun 2022 - Performance Report: Glenmore Australian Equities Fund
By: FundMonitors.com
| Report Date | |
| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months (pa) | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| Fund Overview | The main driver of identifying potential investments will be bottom up company analysis, however macro-economic conditions will be considered as part of the investment thesis for each stock. |
| Manager Comments | The Glenmore Australian Equities Fund has a track record of 5 years and has outperformed the ASX 200 Total Return Index since inception in June 2017, providing investors with an annualised return of 23.88% compared with the index's return of 8.84% over the same period. On a calendar year basis, the fund hasn't experienced any negative annual returns in the 5 years since its inception. Over the past 12 months, the fund's largest drawdown was -8.65% vs the index's -6.35%, and since inception in June 2017 the fund's largest drawdown was -36.91% vs the index's maximum drawdown over the same period of -26.75%. The fund's maximum drawdown began in October 2019 and lasted 1 year and 1 month, reaching its lowest point during March 2020. The fund had completely recovered its losses by November 2020. The Manager has delivered these returns with 7.21% more volatility than the index, contributing to a Sharpe ratio which has fallen below 1 two times over the past five years and which currently sits at 1.07 since inception. The fund has provided positive monthly returns 90% of the time in rising markets and 40% of the time during periods of market decline, contributing to an up-capture ratio since inception of 232% and a down-capture ratio of 98%. |
| More Information |
Performance Report: Quay Global Real Estate Fund (Unhedged)
27 Jun 2022 - FundMonitors.com
The Quay Global Real Estate Fund (Unhedged) returned -4.69% in May. The fund has a track record of 6 years and 5 months and has outperformed the index since inception in January 2016, providing investors with an annualised return of 7.75%...
Read more...
27 Jun 2022 - Performance Report: Quay Global Real Estate Fund (Unhedged)
By: FundMonitors.com
| Report Date | |
| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months (pa) | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| Fund Overview | The Fund will invest in a number of global listed real estate companies, groups or funds. The investment strategy is to make investments in real estate securities at a price that will deliver a real, after inflation, total return of 5% per annum (before costs and fees), inclusive of distributions over a longer-term period. The Investment Strategy is indifferent to the constraints of any index benchmarks and is relatively concentrated in its number of investments. The Fund is expected to own between 20 and 40 securities, and from time to time up to 20% of the portfolio maybe invested in cash. The Fund is $A un-hedged. |
| Manager Comments | The Quay Global Real Estate Fund (Unhedged) has a track record of 6 years and 5 months and has outperformed the BBAREIT Index since inception in January 2016, providing investors with an annualised return of 7.75% compared with the index's return of 6.52% over the same period. On a calendar year basis, the fund has only experienced a negative annual return once in the 6 years and 5 months since its inception. Over the past 12 months, the fund's largest drawdown was -12.51% vs the index's -11.14%, and since inception in January 2016 the fund's largest drawdown was -19.68% vs the index's maximum drawdown over the same period of -23.56%. The fund's maximum drawdown began in February 2020 and lasted 1 year and 4 months, reaching its lowest point during September 2020. The fund had completely recovered its losses by June 2021. The Manager has delivered these returns with 0.65% more volatility than the index, contributing to a Sharpe ratio which has fallen below 1 four times over the past five years and which currently sits at 0.6 since inception. The fund has provided positive monthly returns 71% of the time in rising markets and 36% of the time during periods of market decline, contributing to an up-capture ratio since inception of 63% and a down-capture ratio of 60%. |
| More Information |
Performance Report: Laureola Australia Feeder Fund
24 Jun 2022 - FundMonitors.com
The Laureola Master Fund returned -0.35% in May, an outperformance of +0.54% compared with the Bloomberg AusBond Composite 0+ Yr Index which fell by -0.89%. The fund has outperformed the index since inception in May 2013, providing...
Read more...
24 Jun 2022 - Performance Report: Laureola Australia Feeder Fund
By: FundMonitors.com
| Report Date | |
| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months (pa) | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| Fund Overview | Life Settlements are resold life insurance policies and can be thought of as a form of finance extended to an individual backed by the person's life insurance policy. This financing is repaid upon maturity by collecting the death benefit from the insurance company. Risk mitigation measures implemented by Laureola include science-driven due diligence of policies, active monitoring of insured through a vertically integrated operation, and investor aligned fund design. |
| Manager Comments | The Laureola Master Fund has a track record of 9 years and 1 month and has outperformed the Bloomberg AusBond Composite 0+ Yr Index since inception in May 2013, providing investors with an annualised return of 14.15% compared with the index's return of 2.58% over the same period. On a calendar year basis, the fund hasn't experienced any negative annual returns in the 9 years and 1 month since its inception. Over the past 12 months, the fund's largest drawdown was -2.39% vs the index's -10.81%, and since inception in May 2013 the fund's largest drawdown was -4.9% vs the index's maximum drawdown over the same period of -11.09%. The fund's maximum drawdown began in December 2018 and lasted 10 months, reaching its lowest point during December 2018. The fund had completely recovered its losses by October 2019. During this period, the index's maximum drawdown was -0.98%. The Manager has delivered these returns with 1.83% more volatility than the index, contributing to a Sharpe ratio which has only fallen below 1 once over the past five years and which currently sits at 2.25 since inception. The fund has provided positive monthly returns 97% of the time in rising markets and 89% of the time during periods of market decline, contributing to an up-capture ratio since inception of 160% and a down-capture ratio of -189%. |
| More Information |
Fund Review: Bennelong Kardinia Absolute Return Fund May 2022
24 Jun 2022 - FundMonitors.com
The latest Fund Review for the Bennelong Kardinia Absolute Return Fund is now available. The Fund, which has been in operation for more than 10 years, has a long-biased, research driven, active equity long/short strategy and invests in...
Read more...
24 Jun 2022 - Fund Review: Bennelong Kardinia Absolute Return Fund May 2022
By: FundMonitors.com
AFM Fund Review - May 2022 (pdf format)
BENNELONG KARDINIA ABSOLUTE RETURN FUND
Attached is our most recently updated Fund Review. You are also able to view the Fund's Profile.
- The Fund is long biased, research driven, active equity long/short strategy investing in listed ASX companies.
- The Fund has significantly outperformed the ASX200 Accumulation Index since its inception in May 2006 and also has significantly lower risk KPIs. The Fund has an annualised return of 7.69% p.a. with a volatility of 7.72%, compared to the ASX200 Accumulation's return of 6.42% p.a. with a volatility of 14.13%.
- The Fund also has a strong focus on capital protection in negative markets. Portfolio Managers Kristiaan Rehder and Stuart Larke have significant market experience, while Bennelong Funds Management provide infrastructure, operational, compliance and distribution capabilities.
For further details on the Fund, please do not hesitate to contact us.
AFM Fund Review - May 2022 (pdf format)
