Contrarian, high conviction long/short strategy combining rigorous fundamental analysis with a top down macroeconomic assessment of market conditions and outlook.
As at 31 December 2020 | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years p.a. | 5 Years p.a. | Since Inception p.a |
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GEMS A | 9.12% | 18.82% | 29.19% | 38.22% | 9.79% | 11.52% | 13.25% |
GEMS B | 9.13% | 18.83% | 29.20% | 38.22% | 9.79% | 11.51% | 13.10% |
GEMS C | 9.12% | 18.79% | 29.17% | 38.19% | 9.78% | 11.52% | 12.68% |
*Since strategy inception for GEMS A and GEMS B is 1 January 2002.^ Since 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. 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.
Past performance figures are calculated pre-tax after taking into account fees and expenses and assume that all distributions are reinvested and do not take into account inflation. Past performance is not a reliable indicator of future performance, nor a promise of future returns. Performance can be volatile.
wdt_ID | Fund Name | 30 Jun 20 | 30 Jun 19 | 30 Jun 18 | 30 Jun 17 | 30 Jun 16 | Distribution Frequency |
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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 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 we feel are overvalued to minimise market exposure. Depending on market conditions, we may also use cash and cash-like investments to protect capital.
The fund has a bias towards Australia with opportunistic allocations to the US, Europe and Asia.
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 we feel are overvalued to minimise market exposure. 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.
Individual security analysis is qualitative, focusing on management, strategy and factors affecting the business, industry and quantitative focusing on areas such as earnings, cash flow, liquidity, capital structure and balance sheet strength.
The result is a unique investment strategy designed to generate superior returns over the long term and minimise risk.
Ellerston Capital Limited ABN 34 110 397 674 AFSL 283000 is the responsible entity and issuer of units in the Ellerston Global Equity Managers Fund ARSN 118 887 095. Any information is general and does not take into account your personal objectives, financial situation or needs. Accordingly, you should consider the Product Disclosure Statement before deciding whether to acquire or continue to hold units in the Fund available from this website or by contacting us on (02) 9021 7797. Please be advised that the Ellerston Global Equity Managers Fund Class C is currently the only class open for investment.
Ashok Jacob has over 33 years investment experience and has served as a Director and as Chief Investment Officer of Ellerston since inception. Ashok has managed the Global Equity Managers (GEMS) strategy that now forms part of Ellerston’s range of funds since 2002.
Ashok has held prominent positions including Chief Executive Officer of the Consolidated Press Holdings group and Managing Director of Thorney Holdings, the investment arm for the Pratt Group.
Ashok is an experienced board member and current appointments include: MRF Ltd & Thorney Opportunities Ltd. Previous directorships include Crown Ltd, Publishing and Broadcasting Ltd, Challenger Financial Group Ltd, Fleetwood Holdings Ltd, Ecorp Ltd, CPH Investment Group Ltd, Folkestone Ltd and Snack Foods Ltd. Ashok was also the Chairman of Hoyts Cinemas from 1999 until 2004.
Ashok holds an MBA from the Wharton School of the University of Pennsylvania (1984).
Arik joined Ellerston in 2014 and is the Co-Portfolio Manager for the Ellerston Global Equities Managers Fund. Arik has over 25 years financial markets experience with 14 years of global equity investing experience. Prior to joining Ellerston, Arik was a principal of Kira Capital, a private Melbourne based investment management firm with a focus on global equities that he founded in 2005. Previous experience included working at Consolidated Press Holdings and prior to that, Thorney Holdings, which Arik joined in 1996.
In addition to specific investment management experience, Arik has broad investment experience, having also worked in corporate advisory, project and structured finance and merchant banking roles.
Arik has a Bachelor of Banking and Finance degree from Monash University.
Typically, investees will: