Global Equity Managers Fund

A global long / short, absolute return Fund that is focused on finding high conviction ideas with compelling risk / reward profiles.

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Fund Overview

The Ellerston Global Equity Managers Fund is designed to take advantage of investment opportunities while generating consistent returns across market cycles with a focus on risk and capital preservation.

The Fund’s investment philosophy focuses on identifying and investing in companies with compelling asymmetric risk/reward return profiles and an identified catalyst. This philosophy is based on two principles:

  • Capital preservation mindset:

    As an active fund manager with a flexible mandate, we remain committed first and foremost to preserving capital. Absolute risk adjusted positive returns remain our driver.

  • Fundamental investors:

    Focused on bottom up stock selection combined with a macro top down overlay, in order to accurately and fully assess an investment opportunity.

 

  • The Fund aims to generate consistent returns for investors, with a focus on risk and capital preservation.
  • Analysis of global markets utilising a fundamental bottom-up stock picking approach.
  • Run by Ellerston Capital’s experienced investment specialists with a disciplined investment approach.

The Global Equity Managers Fund features a specially developed long short strategy. We take long positions in undervalued stocks to increase the potential for profit, while using short positions in companies or market indices to minimise market exposure and risks.

Depending on market conditions, we may also use cash and cash-like investments to protect capital. Our investment team uses a distinctively contrarian high conviction, absolute return approach with a focus on disciplined bottom up stock selection based on rigorous fundamental analysis. This is overlayed with our top-down assessment of macroeconomic conditions and the market outlook.

The result is a unique investment strategy designed to generate superior returns over the long term and minimise risk.

Performance (Net %)

Download
As at 29/01/2021 1 Month3 Months6 Months1 year3 years p.a.5 years p.a.Since
Inception p.a.
Gems A8.27%27.87%31.33%42.57%12.38%14.08%13.66%
Gems B8.27%27.88%31.34%42.58%12.38%14.08%13.51%
Gems C8.26%27.85%31.30%42.54%12.37%14.08%13.39%

Disclaimer

Since strategy inception for GEMS A and GEMS B is 1 January 2002. Since class inception for GEMS C is 1 December 2009

The performance figures are net of taxes, fees and expenses and assuming distributions are reinvested. Past performance is not a reliable indicator of future performance, nor a promise of future returns.

For the period 1 January 2002 to 30 April 2006, the CPH Group GEMS Portfolio was not operated within a separate fund structure. The underlying investment assets of the CPH Group GEMS Portfolio were owned during that time within corporate entities of the CPH Group for which audited accounts were prepared on an annual basis. Accordingly, in order to provide relevant historical performance information for the period 1 January 2002 to 30 April 2006 (Historical Returns) net returns were calculated on the basis of the actual dollar returns of the CPH Group GEMS Portfolio adjusted to reflect a fund structure similar to the Fund and including all fees. The returns of the Fund and the relevant Indices are net of fees, expenses and taxes and assuming distributions are reinvested.

The date of demerger of the Ellerston GEMS Fund was 2 November 2009, Investors were allocated GEM B units which represented 94.3% of the Ellerston GEMS Fund.

The performance figures presented are for the Ellerston Global Equity Managers Fund (ARSN 118 887 095). The one month return figure may be an estimate and not the final return. This estimate also impacts other performance information provided. Estimated performance figures (where indicated) are preliminary and subject to change. Returns for other classes may differ slightly. Past performance is not indicative of future performance. Ellerston Capital Limited ABN 34 110 397 674 AFSL 283 000 is the responsible entity of the Ellerston Global Equity Managers Fund (ARSN 118 887 095). The information supplied above has been prepared by Ellerston Capital Limited without taking account of the objectives, financial situation or needs of investors. Before making an investment decision about any Fund persons should obtain advice from an appropriate financial adviser, consider their own individual circumstances and obtain a copy of the relevant Product Disclosure Statement for the Fund which is available on this website. This material has been prepared based on information believed to be accurate at the time of publication. Assumptions and estimates may have been made which may prove not to be accurate. Ellerston Capital undertakes no responsibility to correct any such inaccuracy. Subsequent changes in circumstances may occur at any time and may impact the accuracy of the information. To the full extent permitted by law, none of Ellerston Capital Limited, or any member of the Ellerston Capital Limited Group of companies makes any warranty as to the accuracy or completeness of the information in this website and disclaims all liability that may arise due to any information contained in this website being inaccurate, unreliable or incomplete.

Performance graph

Disclaimer

Past performance is not a reliable indicator of future performance, nor a promise of future returns. Performance can be volatile.

Distribution

Download
Fund Name 30/6/202030/6/201930/6/201830/06/2017 Distribution Frequency
GEMS C A$0.2639NilA$0.2302A$0.0466 Yearly

Disclaimer

Past performance is not a reliable indicator of future performance, nor a promise of future returns. Performance can be volatile.

Performance (Net %)

Download
Fund Name 1 Month 3 Month 6 Month 1 year 3 years p.a. 5 years p.a. 10 years p.a. Since
Inception p.a.
Gems A8.27%27.87%31.33%42.57%12.38%14.08%13.66%
Gems B8.27%27.88%31.34%42.58%12.38%14.08%13.51%
Gems C8.26%27.85%31.30%42.54%12.37%14.08%13.39%

Disclaimer

Since strategy inception for GEMS A and GEMS B is 1 January 2002. Since class inception for GEMS C is 1 December 2009

The performance figures are net of taxes, fees and expenses and assuming distributions are reinvested. Past performance is not a reliable indicator of future performance, nor a promise of future returns.

For the period 1 January 2002 to 30 April 2006, the CPH Group GEMS Portfolio was not operated within a separate fund structure. The underlying investment assets of the CPH Group GEMS Portfolio were owned during that time within corporate entities of the CPH Group for which audited accounts were prepared on an annual basis. Accordingly, in order to provide relevant historical performance information for the period 1 January 2002 to 30 April 2006 (Historical Returns) net returns were calculated on the basis of the actual dollar returns of the CPH Group GEMS Portfolio adjusted to reflect a fund structure similar to the Fund and including all fees. The returns of the Fund and the relevant Indices are net of fees, expenses and taxes and assuming distributions are reinvested.

The date of demerger of the Ellerston GEMS Fund was 2 November 2009, Investors were allocated GEM B units which represented 94.3% of the Ellerston GEMS Fund.

The performance figures presented are for the Ellerston Global Equity Managers Fund (ARSN 118 887 095). The one month return figure may be an estimate and not the final return. This estimate also impacts other performance information provided. Estimated performance figures (where indicated) are preliminary and subject to change. Returns for other classes may differ slightly. Past performance is not indicative of future performance. Ellerston Capital Limited ABN 34 110 397 674 AFSL 283 000 is the responsible entity of the Ellerston Global Equity Managers Fund (ARSN 118 887 095). The information supplied above has been prepared by Ellerston Capital Limited without taking account of the objectives, financial situation or needs of investors. Before making an investment decision about any Fund persons should obtain advice from an appropriate financial adviser, consider their own individual circumstances and obtain a copy of the relevant Product Disclosure Statement for the Fund which is available on this website. This material has been prepared based on information believed to be accurate at the time of publication. Assumptions and estimates may have been made which may prove not to be accurate. Ellerston Capital undertakes no responsibility to correct any such inaccuracy. Subsequent changes in circumstances may occur at any time and may impact the accuracy of the information. To the full extent permitted by law, none of Ellerston Capital Limited, or any member of the Ellerston Capital Limited Group of companies makes any warranty as to the accuracy or completeness of the information in this website and disclaims all liability that may arise due to any information contained in this website being inaccurate, unreliable or incomplete.

Performance graph

Disclaimer

Past performance is not a reliable indicator of future performance, nor a promise of future returns. Performance can be volatile.

Distribution

Download
Fund Name 30/6/202030/6/201930/6/201830/06/2017 Distribution Frequency
GEMS C A$0.2639NilA$0.2302A$0.0466 Yearly

Disclaimer

Past performance is not a reliable indicator of future performance, nor a promise of future returns. Performance can be volatile.

Unit Prices GEMS C

Download historical prices
Date:
29/01/2021
Fund:
GEMS Class C
Application:
2.0513
NAV:
2.0462
Redemption:
2.0411
Frequency:
Monthly

Disclaimer

Strategy inception for GEMS A and GEMS B is 1 January 2002. Class inception for GEMS C is 1 December 2009

The returns of the funds are net of taxes, fee and expenses and assuming distributions are reinvested.

For the period 1 January 2002 to 30 April 2006, the CPH Group GEMS Portfolio was not operated within a separate fund structure. The underlying investment assets of the CPH Group GEMS Portfolio were owned during that time within corporate entities of the CPH Group for which audited accounts were prepared on an annual basis. Accordingly, in order to provide relevant historical performance information for the period 1 January 2002 to 30 April 2006 (Historical Returns) net returns were calculated on the basis of the actual dollar returns of the CPH Group GEMS Portfolio adjusted to reflect a fund structure similar to the Fund and including all fees. The returns of the Fund and the relevant Indices are net of fees, expenses and taxes and assuming distributions are reinvested.

The date of demerger of the Ellerston GEMS Fund was 2 November 2009, Investors were allocated GEM B units which represented 94.3% of the Ellerston GEMS Fund.

The performance figures presented are for the Ellerston Global Equity Managers Fund (ARSN 118 887 095). The one month return figure may be an estimate and not the final return. This estimate also impacts other performance information provided. Estimated performance figures (where indicated) are preliminary and subject to change. Returns for other classes may differ slightly. Past performance is not indicative of future performance. Ellerston Capital Limited ABN 34 110 397 674 AFSL 283 000 is the responsible entity of the Ellerston Global Equity Managers Fund (ARSN 118 887 095). The information supplied above has been prepared by Ellerston Capital Limited without taking account of the objectives, financial situation or needs of investors. Before making an investment decision about any Fund persons should obtain advice from an appropriate financial adviser, consider their own individual circumstances and obtain a copy of the relevant Product Disclosure Statement for the Fund which is available on this website. This material has been prepared based on information believed to be accurate at the time of publication. Assumptions and estimates may have been made which may prove not to be accurate. Ellerston Capital undertakes no responsibility to correct any such inaccuracy. Subsequent changes in circumstances may occur at any time and may impact the accuracy of the information. To the full extent permitted by law, none of Ellerston Capital Limited, or any member of the Ellerston Capital Limited Group of companies makes any warranty as to the accuracy or completeness of the information in this website and disclaims all liability that may arise due to any information contained in this website being inaccurate, unreliable or incomplete.

 

GEMS A & B

To view the historical unit prices for Class A & B, please visit the following page.

Historical Unit Prices GEMS A & B
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