What's on at Auscap
Check out our latest newsletter, webinar and upcoming events
Auscap Newsletter – May 2014
The Fund returned 0.29% net of fees during April 2014. This compares with the benchmark return of 0.21%. Average gross capital employed by the Fund was 123.9% long and 24.5% short. Average net exposure over the month was +99.4%. At the end of the month the Fund had 35 long positions and 7 short positions. The Fund’s biggest stock exposures at month end were spread across the consumer discretionary, financials and telecommunications sectors.
Buy Hold Sell – Energy Stocks, Livewire Markets, May 2014
A spotlight on Oil and Gas. In this week's edition of Buy Hold Sell James talks to Chris Stott, CIO at Wilson Asset Management and Tim Carleton, Principal and Portfolio Manager at Auscap Asset Management about Energy Stocks. Stocks covered include: Woodside (WPL), Oil Search (OSH), Santos (STO), Karoon Gas (KAR) and Drill Search (DSL). If you are holding or watching any of these stocks it's worth two minutes of your time to watch this episode.
Bank Reporting Preview, Livewire Markets, May 2014
Chris Stott, CIO at Wilson AM and Tim Carleton, PM at Auscap AM answered our questions on the Banks ahead of the current reporting period. Both fund managers are currently underweight the sector, a reflection of the great returns these businesses have delivered and in particular the recent run into this reporting period. Chris says he expects capital management to be a feature with balance sheets currently in tip top shape. Tim is cautious about the exposure the Banks have to the domestic housing market and wary on the current valuations based on historical price to book ratios. Unsurprisingly, the good news is that dividends will again be strong from the Banks. We talk expectations, risks and preferred holdings for the Banks in this.
Auscap Newsletter – April 2014
The Fund returned 0.70% net of fees during March 2014. This compares with the benchmark return of 0.21%. Average gross capital employed by the Fund was 107.4% long and 32.1% short. Average net exposure over the month was +75.2%. At the end of the month the Fund had 35 long positions and 5 short positions. The Fund’s biggest stock exposures at month end were spread across the consumer discretionary, financials and telecommunications sectors.
Auscap Newsletter – March 2014
The Fund returned 5.32% net of fees during February 2014. This compares with the benchmark return of 0.21%. Average gross capital employed by the Fund was 102.0% long and 23.8% short. Average net exposure over the month was +78.2%. At the end of the month the Fund had 33 long positions and 5 short positions. The Fund’s biggest stock exposures at month end were spread across the consumer discretionary, financials and telecommunications sectors
Auscap Newsletter – February 2014
The Fund returned 1.32% net of fees during January 2014. This compares with the benchmark return of 0.21%. Average gross capital employed by the Fund was 108.6% long and 13.2% short. Average net exposure over the month was +95.4%. At the end of the month the Fund had 29 long positions and 3 short positions. The Fund’s biggest exposures at month end were spread across the consumer discretionary, telecommunications and financials sectors
Auscap Newsletter – January 2014
The Fund returned 2.57% net of fees during December, delivering 51.9% for calendar year 2013. The All Ordinaries Accumulation Index rose 19.7% over the year. Average gross capital employed by the Fund over the month was 145.6% long and 26.2% short. Average net exposure over the month was +119.4%. At month end the Fund had 30 long positions and 5 short positions. The Fund’s biggest exposures at month end were in the consumer discretionary, financials and telecommunications sectors.
Auscap Newsletter – December 2013
The Fund returned 2.86% net of fees during November 2013. This compares with the benchmark return of 0.21%. Average gross capital employed by the Fund was 131.5% long and 13.8% short. Average net exposure over the month was +117.7%. At the end of the month the Fund had 31 long positions and 5 short positions. The Fund’s biggest exposures at month end were spread across the consumer discretionary, financials and telecommunications sectors.
Auscap Newsletter – March 2013
The Fund returned 1.23% net of fees during February 2013. This compares with the benchmark return of 0.25%. Average gross capital employed by the Fund was 133.2% long and 72.2% short. Average net exposure over the month was +61.0%. At the end of the month the Fund had 25 long positions and 4 short positions. The Fund’s biggest exposures at month end were in the financials, consumer discretionary and industrials sectors.
Auscap Newsletter – November 2013
The Fund returned 5.46% net of fees during October 2013. This compares with the benchmark return of 0.21%. Average gross capital employed by the Fund was 122.8% long and 24.3% short. Average net exposure over the month was +98.4%. At the end of the month the Fund had 24 long positions and 7 short positions. The Fund’s biggest exposures at month end were spread across the consumer discretionary, financials, healthcare and telecommunications sectors
Lessons In A Hot IPO Market, Australian Financial Review TV, 7 November 2013
Lessons In A Hot IPO Market, Australian Financial Review TV, 7 November 2013
Auscap Newsletter – October 2013
The Fund returned 5.84% net of fees during September 2013. This compares with the benchmark return of 0.21%. Average gross capital employed by the Fund was 109.9% long and 23.5% short. Average net exposure over the month was +86.4%. At the end of the month the Fund had 20 long positions and 8 short positions. The Fund’s biggest exposures at month end were spread across the consumer discretionary, financials, healthcare, telco and materials sectors
