What's on at Auscap
Check out our latest newsletter, webinar and upcoming events
Auscap Newsletter – September 2017
The Fund returned 2.75% net of fees during August 2017. This compares with the All Ordinaries Accumulation Index return of 0.79%. Average gross capital employed by the Fund was 99.7% long and 10.1% short. Average net exposure over the month was 89.6%. Over the month the Fund had on average 29 long positions and 8 short positions. The Fund’s biggest stock exposures at month end were spread across the real estate, financials and consumer discretionary sectors.
Auscap Newsletter – August 2017
The Fund returned negative 0.77% net of fees during July 2017. This compares with the All Ordinaries Accumulation Index return of 0.18%. Average gross capital employed by the Fund was 102.5% long and 12.1% short. Average net exposure over the month was 90.4%. Over the month the Fund had on average 28 long positions and 7 short positions. The Fund’s biggest stock exposures at month end were spread across the real estate, financials and consumer discretionary sectors
Auscap Newsletter – July 2017
The Fund returned 1.18% net of fees during June 2017. This compares with the All Ordinaries Accumulation Index return of 0.28%. Average gross capital employed by the Fund was 87.6% long and 17.8% short. Average net exposure over the month was 69.8%. Over the month the Fund had on average 27 long positions and 8 short positions. The Fund’s biggest stock exposures at month end were spread across the real estate, financials and consumer discretionary sectors.
Auscap equities fund gets Zenith, Lonsec tick, Financial Standard, 21 June 2017
An Auscap Australian equities fund was given a "Recommended" rating by both Zenith and Lonsec.
Auscap reaps reward of keeping it simple, The Australian, 19 June 2017
Auscap Asset Management founders Tim Carleton and Matthew Parker aren’t the bragging types. But the performance and growth in funds managed by their boutique team of 12 is extraordinary. From humble origins running primarily their own money in 2012, the former Goldman Sachs proprietary traders now manage more than $400 million for about 800 mainly high-net worth clients.
Fund-of-funds manager Mark Houghton says humility is the key, Australian Financial Review, 19 June 2017
Mark Houghton has met more fund managers than most people do in a lifetime. The King Tide Asset Management co-founder, who is a former high school teacher, evaluates professional investors all the time as part of his fund-of-funds strategy.
Auscap Newsletter – June 2017
The Fund returned negative 1.53% net of fees during May 2017. This compares with the All Ordinaries Accumulation Index return of negative 2.58%. Average gross capital employed by the Fund was 87.4% long and 21.5% short. Average net exposure over the month was 65.9%. Over the month the Fund had on average 27 long positions and 9 short positions. The Fund’s biggest stock exposures at month end were spread across the real estate, financials and consumer discretionary sectors
Auscap Newsletter – May 2017
The Fund returned negative 0.81% net of fees during April 2017. This compares with the All Ordinaries Accumulation Index return of 0.78%. Average gross capital employed by the Fund was 107.4% long and 20.5% short. Average net exposure over the month was 86.9%. Over the month the Fund had on average 31 long positions and 10 short positions. The Fund’s biggest stock exposures at month end were spread across the real estate, financials and consumer discretionary sectors.
Fixed costs can cripple small fund managers, The Australian, 11 April 2017
Though much attention has been centred on the urge to merge among large fund management groups I am concerned about the number of small fund managers starting up at this stage of the cycle. As we say in the adviser business: “Beware the two-person fund management firm.” In an industry where you live and die by performance, David Wright the managing director of asset consulting firm Zenith Investment Partners — and one of the keener analysts of funds management — has noted that it is rare today to see a two-person firm launch with success.
Commsec Executive Series, Auscap Asset Management Principal & Portfolio Manager, Tim Carleton, 6 April 2017
Commsec Executive Series, Auscap Asset Management Principal & Portfolio Manager, Tim Carleton, 6 April 2017
Auscap Newsletter – April 2017
The Fund returned 2.52% net of fees during March 2017. This compares with the All Ordinaries Accumulation Index return of 3.16%. Average gross capital employed by the Fund was 111.7% long and 25.6% short. Average net exposure over the month was 86.1%. At the end of the month the Fund had 33 long positions and 11 short positions. The Fund’s biggest stock exposures at month end were spread across the real estate, financials, consumer discretionary and telecommunications sectors
Auscap names new distribution manager, Investor Daily, 16 March 2017
Australian equities manager Auscap Asset Management has appointed Jennifer Herbert as the business’ new senior distribution manager.
