Pengana Capital Limited, the Manager, will appoint Grosvenor Capital Management L.P. (“Grosvenor” or the “Investment Manager”) to manage the portfolio. Grosvenor is a US based alternative asset manager established in 1971 with in excess of US$52 billion of assets under management (AUM).

The Trust provides investors with a concentrated portfolio of high quality growth companies, selected as the ‘best ideas’ across the small and mid-cap coverage of the Ophir investment team. Specifically, the portfolio comprises 15-30 targeted portfolio positions

There is a strong focus on capital preservation and the Manager has a successful track record on preserving capital in down markets. A track-record of relatively high, stable and fully franked dividends may also serve the needs of those investors in the latter stage of their investment lifecycle.

Welcome to our latest LIC Monthly prepared by our Research Team based on data collected our Analysts on the Sector.

The company offers a unique opportunity to gain access to a portfolio of the highest conviction ideas from a select group of fund managers with the added benefit of contributing to Australian medical research institutes to support the development of new and improved treatments across a range ofspecialities.