NEWS

11 May 2020 - Interview with Monik Kotecha from Insync Fund Managers

8 May 2020 - Hedge Clippings | 08 May 2020
|
|||||
|
If you'd like to receive Hedge Clippings direct to your inbox each Friday
|

8 May 2020 - Cashing in on a crisis: Understanding, Overcoming and Profiting from 2020 and Beyond

7 May 2020 - Performance Report: Surrey Australian Equities Fund
| 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 Investment Manager follows a defined investment process which is underpinned by detailed bottom up fundamental analysis, overlayed with sectoral and macroeconomic research. This is combined with an extensive company visitation program where we endeavour to meet with company management and with other stakeholders such as suppliers, customers and industry bodies to improve our information set. Surrey Asset Management defines its investment process as Qualitative, Quantitative and Value Latencies (QQV). In essence, the Investment Manager thoroughly researches an investment's qualitative and quantitative characteristics in an attempt to find value latencies not yet reflected in the share price and then clearly defines a roadmap to realisation of those latencies. Developing this roadmap is a key step in the investment process. By articulating a clear pathway as to how and when an investment can realise what the Investment Manager sees as latent value, defines the investment proposition and lessens the impact of cognitive dissonance. This is undertaken with a philosophical underpinning of fact-based investing, transparency, authenticity and accountability. |
| Manager Comments | During the month Surrey were in active contact with in excess of 70 companies as they updated their existing holdings, searched for new ideas and analysed how various industries were tracking. The Fund's top holdings as at the end of April included Appen (APX), Omni Bridgeway (OBL), Opticom (OPC), Saracen Minerals (SAR) and Xero Limited (XRO). By sector, the Fund was most heavily weighted towards the Industrials and IT sectors. The Fund holdings remain in high quality companies with strong balance sheets and solid outlooks that Surrey believe will continue to outperform over time. |
| More Information |

6 May 2020 - China is Recovering

5 May 2020 - Where to Invest in a Post-Lockdown World

4 May 2020 - The 'Beginning of the End', or the 'End of the Beginning'?

1 May 2020 - Hedge Clippings | 01 May 2020
|
|||||
|
If you'd like to receive Hedge Clippings direct to your inbox each Friday
|

1 May 2020 - A simple investing framework

1 May 2020 - Performance Report: Ark Global Fund - Class B AUD Unhedged
| 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 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 best performing assets for the month were: 10 year Canadian Government bond futures (+3.17% of NAV), TOPIX futures (+2.34% of NAV), and E-mini Russell 2000 futures (+2.16% of NAV). The worst performing assets were: E-mini NASDAQ 100 future (-1.22% of NAV), Euro Stoxx 50 future (-4.07% of NAV) and ASX200 Index future (-4.97% of NAV). |
| More Information |




