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Unlisted Managed Investment

Unlisted Managed Investments – IIR provides research on unlisted managed investments across a range of asset classes for both retail and wholesale investors. Coverage includes an Initiation Report and annual reviews.

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May 14, 2018

Cordish Dixon Private Equity Fund IV –

Will invest in a portfolio of boutique private equity funds in the US - The Trust was oversubscribed, raising $188m through the issue of units at $1.60 per unit. Unlike the other three trusts in the series, the Trust will be unlisted and will have a partly paid unit structure whereby the application price of $1.60 is paid in instalments....
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May 14, 2018

Atlantic Pacific Australian Equity Fund – Long-Short, High Conviction Australian Equities Strategy

The Fund was launched in June 2013 and, over its now almost five year track record has generated alpha and superior risk-adjusted although relative returns have varied materially over different time periods. The Fund is managed by a small, but capable investment team. The long portfolio consists of a concentrated 20-40 ASX listed holdings of large to small cap stocks....
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January 30, 2018

Microcap Managers Continue to Outperform ETF’s

Stand out performances from the active managers in the quarter came from microcap vehicles managed by OC Funds Management, Wilson Asset Management and Acorn Capital. With Acorn’s LIC The Acorn Capital Investment Fund (ACQ:ASX) taking the blue ribbon registering a return of 19.4% for the quarter....
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May 9, 2017

CBG Australian Equities Fund – ASX 100 Stocks – Benchmark Unaware, Style Neutral Approach To Investing

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....
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February 26, 2017

Forager International Shares Fund – Long-Only, High Conviction International Equities

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....
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February 19, 2017

Australian Property Opportunities Fund

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....
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February 19, 2017

Australian Property Opportunities Fund II

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....
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February 19, 2017

URF Notes III

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....
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November 28, 2016

New Energy Solar Fund – Electricity Contracts – Long Term – Stable/ High Income

The Fund is Australia’s first solar-focused fund and offers investors the opportunity to earn a relatively high and stable level of income underpinned by long-dated assets with long-dated electricity contracts....
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