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Auscap Newsletter – March 2018
The Fund returned negative 4.31% net of fees during February 2018. This compares with the All Ordinaries Accumulation Index return of 0.18%. Average gross capital employed by the Fund was 110.6% long and 5.9% short. Average net exposure over the month was 104.7%. Over the month the Fund had on average 26 long positions and 7 short positions. The Fund’s biggest stock exposures at month end were spread across the financials, consumer and real estate sectors.
Auscap Newsletter – February 2018
The Fund returned negative 2.50% net of fees during January 2018. This compares with the All Ordinaries Accumulation Index return of negative 0.33%. Average gross capital employed by the Fund was 117.4% long and 4.5% short. Average net exposure over the month was 112.9%. Over the month the Fund had on average 26 long positions and 6 short positions. The Fund’s biggest stock exposures at month end were spread across the financials, consumer and real estate sectors.
The Auscap Journey, Inside the Rope with David Clark, 29 January 2018
Important Information: Auscap Asset Management Limited (ABN 11 158 929 143, AFSL 428014) (Auscap) is the responsible entity of the Auscap Long Short Australian Equities Fund (ARSN 615 542 213) (Fund). A Product Disclosure Statement is available for the Fund and can be obtained at www.auscapam.com/auscap-fund/pds/ or by calling Auscap on +61 2 8378 0800. A person should obtain and consider the Product Disclosure Statement before deciding whether to acquire, or to continue to hold, units in the Fund.
Auscap Newsletter – January 2018
The Fund returned 1.56% net of fees during December 2017. This compares with the All Ordinaries Accumulation Index return of 2.03%. Average gross capital employed by the Fund was 116.7% long and 1.9% short. Average net exposure over the month was 114.4%. Over the month the Fund had on average 30 long positions and 5 short positions. The Fund’s biggest stock exposures at month end were spread across the real estate, financials and consumer sectors.
Auscap Newsletter – December 2017
The Fund returned 2.58% net of fees during November 2017. This compares with the All Ordinaries Accumulation Index return of 1.91%. Average gross capital employed by the Fund was 111.2% long and 2.2% short. Average net exposure over the month was 109.0%. Over the month the Fund had on average 32 long positions and 5 short positions. The Fund’s biggest stock exposures at month end were spread across the real estate, financials and consumer sectors.
Commsec Executive Series, Auscap Asset Management Principal & Portfolio Manager, Tim Carleton, 20 November 2017
Commsec Executive Series, Auscap Asset Management Principal & Portfolio Manager
The Sohn Hearts & Minds stock calls by the top investors revealed, The Australian, 19 November 2017
At the Sohn Hearts & Minds conference held in Sydney on Friday leading fund managers from Australia and around the world share their best investment ideas to raise millions of dollars for medical research. Here are a selection of the top tips:
Auscap Newsletter – November 2017
The Fund returned 6.96% net of fees during October 2017. This compares with the All Ordinaries Accumulation Index return of 4.06%. Average gross capital employed by the Fund was 116.3% long and 4.1% short. Average net exposure over the month was 112.2%. Over the month the Fund had on average 33 long positions and 7 short positions. The Fund’s biggest stock exposures at month end were spread across the real estate, financials and consumer sectors.
Solomon Lew ignites proxy war over Myer, The Australian, 5 November 2017
Retail billionaire Solomon Lew has lit the fuse on a war with the Myer board after yesterday writing to Myer shareholders requesting their proxy vote to take his fight with Myer to the retailer’s annual general meeting later this month where he will vote against the election of all directors, the adoption of the remuneration report and bonuses to chief executive Richard Umbers.Mr Lew tagged Mr Umbers’ attempt to recast and redefine his New Myer strategy this week as “dead on arrival’’.
Brexit vote shut one door, opened another for Auscap investors, The Australian, 24 October 2017
Auscap Asset Management founder Tim Carleton was overseas on holidays last year when he heard of Britain’s vote to leave the EU.But he and Auscap co-founder Matthew Parker, who met when working together at Goldman Sachs, could see it was a great buying opportunity for a few stocks of Australian companies they had been watching and which had an exposure to the British market.
Auscap Newsletter – October 2017
The Fund returned 2.53% net of fees during September 2017. This compares with the All Ordinaries Accumulation Index return of 0.05%. Average gross capital employed by the Fund was 114.6% long and 6.1% short. Average net exposure over the month was 108.5%. Over the month the Fund had on average 34 long positions and 7 short positions. The Fund’s biggest stock exposures at month end were spread across the real estate, financials and consumer sectors.
BT Wrap adds Auscap long/short fund, Investor Daily, 18 September 2017
The Auscap long/short fund, which has been available to retail investors since 1 December 2016, has been added to BT Wrap.
