The end of June looms large in diaries of fund managers around the country

Street Talk

The end of June looms large in diaries of fund managers around the country, many of who claim to generate returns through volatile periods and now have a real chance to prove it.

The ASX saw red through February and April, catching some fund managers off guard.

June 30 is the traditional date fundies rule off their books and lay their 12 month takings bare for all to see. However, with COVID-19 wreaking havoc on investment strategies, we simply couldn’t wait that long.

Street Talk has got its hands on Morningstar’s numbers for the 12 months to May 2020 – from a screen of almost 2500 Aussie equity managers both large and small – to unveil who traded coronavirus the best.

Top of the list was Anacacia Capital’s five-year-old Wattle Fund which returned 27.47 per cent in the year-to-May, and 16.03 per cent for the past five years.

The $600 million fund takes positions in small to medium enterprises, with stakes in the likes of payments processor Smartpay, which is up more than 215 per cent in the past 12 months, and software and services outfit The Objective Corporation, which is up almost 160 per cent to $7.30 over the same period.

The Wattle Fund also has positions in radiology group Integral Diagnostics and $94 million building products supplier Big River, which its private equity arm took public in mid 2017, according to the respective companies’ filings.

Second place on Morningstar’s list went to Totus Capital’s High Conviction fund which posted a 26.09 per cent return for the year. (Note: Morningstar did not have Totus’ May numbers and calculated its performance up to April)

The bronze medal went to Bombora Group’s Special Investments Growth fund, which has a portfolio of pre-IPO and high growth listed companies and returned 20.94 per cent. (This was also the year-to-April).

Bombora’s holdings included health technology company Pacific Knowledge Systems and e- learning platform business Janison Education Group.

Rounding out the top five was Melbourne boutique Saville Capital’s Emerging Companies fund and Bennelong Funds Management’s Emerging Companies Fund, which posted 19.7 per cent and 18.74 per cent annual returns, respectively.

Also featuring in the top 20 were Ellerston’s Australian MicroCap Fund, Ophir Opportunities, Hyperion Small Growth Companies and Hyperion Australian Growth Companies, and Regal Funds Management’s Emerging Companies Fund II.

Those who didn’t fare as well will no doubt say that their performance should be measured over a longer time frame, like five years or a decade, but we all know only three words matter for their investors: numbers don’t lie.

By Sarah Thompson, Anthony Macdonald and Tim Boyd


Related Content

Market volatility does not change key drivers of the share market

5 October 2021

Market volatility does not change key drivers of the share market By ST Wong Recent market volatility will likely impact the Australian share market in the short-term, driven largely by volatility in the commodities market. The concerns over commodities can be traced back to problems with Chinese property company Evergrande, which is currently experiencing a […]


Latest Mercer survey puts Prime Value Emerging Opportunities Fund in Top Ten

20 August 2021

Latest Mercer survey puts Prime Value Emerging Opportunities Fund in Top Ten The Prime Value Emerging Opportunities Fund has achieved another high ranking in the latest Mercer Australian Small Companies (ex-ASX100) survey, following its table-topping ranking in last year’s survey. The Fund, which is managed by Prime Value Asset Management Portfolio Manager, Richard Ivers, was […]


Prime Value adds Tassie dairy farms to agri fund

31 May 2021

Melbourne-based fund manager Prime Value has promised to turn around 11 Tasmanian dairy farms acquired for $62.5 million from struggling Chinese-owned Van Dairy Group, Australia’s biggest dairy farmer. The acquisition, which includes 5000 cows, accounts for 2200 hectares of the 19,000 hectares of dairy farms at Circular Head in north-west Tasmania owned by Chinese billionaire […]


We'll get back to you within 24 hours.