Unlisted Managed Investment Reports

CBG Australian Equities Fund - ASX 100 Stocks - Benchmark Unaware, Style Neutral Approach To Investing
Tuesday, May 9, 2017
Prior to 2016 the Manager had a solid track-record of generating alpha. However, 2016 was a poor year for the Fund, materially under-performing the benchmark.
Download Report
Forager International Shares Fund - Long-Only, High Conviction International Equities
Sunday, February 26, 2017
The Fund’s level of historic beta and correlation to the index has been surprisingly high but, by the Manager’s own statement, we expect the high conviction nature of the portfolio to only increase over time and performance to be largely driven at the stock level. The approach to risk is capital preservation, rather than a concern over shorter term price volatility.
Download Report
Australian Property Opportunities Fund
Sunday, February 19, 2017
The Australian Property Opportunities Fund I (the Fund or APOF I) is an unlisted property fund that provides exposure to small-to-mid-value ($15-$50M) commercial property in east coast Australia. Since raising $160.7M in July 2013, the Fund has acquired six properties, five being neighbourhood shopping centres, the other an office building, for a current value of $286M.
Download Report
Australian Property Opportunities Fund II
Sunday, February 19, 2017
The Fund is managed by Fort Street Real Estate Capital (the Manager), a JV between Dixon Advisory (of which Walsh & Company is a wholly owned subsidiary) and Fort Street Advisers.
Download Report
URF Notes III
Sunday, February 19, 2017
The URF Notes III (the Notes) are unsecured debt obligations of the US Masters Residential Property Fund (the Fund or URF), which is managed by URF Investment Management Pty Ltd (the Manager). They are the third such series to be issued by Walsh & Company Investments Limited (the RE) and are expected to commence trading on the ASX on 23 February 2017.
Download Report