Australian Eagle Trust Long-Short Fund has been upgraded to a Recommended rating from Zenith. Across the period from the 1/7/2016 to the 31/5/21 the Australian Eagle Trust Long-Short Fund returned 18.32% pa, with a beta of 0.84.
Australian Eagle CIO Sean Sequeira interviewed about August 2020 reporting season on 3rd September 2020.
After a diligent search and in-depth analysis, the Investment Committee shortlisted the potential candidates to act as Paradigm’s Australian share specialist, to four managers. Following formal presentations to the Committee, and final analysis, the Committee formally appointed Australian Eagle to carry out this role.
Sean Sequeira the chief investment officer at Eagle Asset Management says on these numbers the stock still boasts significant upside. This despite it already quadrupling to $8.81 from an October 2016 initial public offer price of $2.09.
According to Mr Sequeria, Xero can harness data like Facebook to provide its next growth leg, with the stock fairly valued now.
The Fund returned +9.97% net of fees in May 2020. The portfolio’s largest positive contributions for the month came from long positions in Pushpay Holdings Ltd, Fortescue Metals Group Ltd and Evolution Mining Ltd while largest detractors were a long position in CSL Ltd and short positions in Flight Centre Travel Group Ltd and Virgin Money UK.
Fund manager Sean Sequeira says Altium shares will rise if the market gets confidence it can meet its FY 2025 targets. COVID-19 will prove a short-term hit to Altium’s long-term growth story and management is still targeting 100,000 users by 2024-25 and revenue of $US500 million.
The Fund returned +5.45% net of fees for the month of January 2020. The portfolio’s largest positive contributions for the month came from long positions in ResMed Inc, CSL Ltd and Altium Ltd while largest detractors were long positions in Treasury Wine Estates Ltd and Nearmap Ltd and a short position in Link Administration Holdings Ltd.
Portfolio Overview – Dec 2019 The Fund returned -1.78% net of fees for the month of December 2019. The portfolio’s largest positive contributions for the month came from long positions in Fortescue Metals Group and Pushpay Holdings and a short position in Whitehaven Coal while largest detractors were long positions in Treasury Wine Estates, Japara […]
How many of the best stock market up-days would you have had to miss in the last 10 financial years to completely eradicate all of your return?