| 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 | Harvest Lane Asset Management employs a conservative, highly selective and opportunistic approach. Using their extensive knowledge in the area of corporate actions, the Fund's managers assess each opportunity based on a thoughtful, diligent and disciplined process and invest where they believe an opportunity exists to generate above average investment returns relative to the risk incurred. Investment decisions are made without speculating on market direction, with rigid risk controls enforced to minimise the risk of large losses of investor capital. The Fund invests in securities that are predominantly listed on the ASX and occasionally in those listed in other developed markets. Equity swaps and other derivatives may be used at times to reduce risk. The fund typically holds high levels of cash in the absence of sufficiently attractive opportunities to deploy investor capital in accordance with its objectives. |
| Manager Comments | Harvest Lane noted the month was fairly active as they continued to see steady deal flow and positive catalysts in some of the Fund's existing positions which proved to be a key driver of the month's performance. The current portfolio composition consists of a larger number of deals in their early stages than Harvest Lane have typically observed in recent months. They noted they tend to allocate more capital to transactions as they firm up and exercise restraint so as not to over commit until doing so is warranted. The portfolio remains appropriately weighted in these new opportunities and holds enough cash to meaningfully scale up should the transactions progress as Harvest Lane anticipates. |
| More Information |
