| Report Date | |
| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months | |
| 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 | Positive contributors in May included Emeco Holdings (+26.5%), Mastermyne (+23.6%), Navigator Global Investments (+19.8%), Pinnacle Investment Management (+16.4%), ALE Property Group (+6.5%), Jumbo Interactive (+6.4%) and Bravura Solutions (+6.2%). Negative contributors included Pioneer Credit (-4.6%) and Pacific Current (-4%), however for both there was no news flow and neither were materials to Fund performance. This month marks the completion of the Fund's first year of operations. Glenmore noted that they are pleased with the fund's return of +35% after fees over the period. The Fund's outperformance came from a wide range of stocks and sectors, with a relatively high weighting to large cap, defensive stocks in the early months of the Fund, and with zero contribution from higher risk sectors such as small cap resources and energy or speculative technology stocks. |
| More Information |
