Cadence Capital Limited had a good start to the new financial year returning 3.9% in July 2020, outperforming the All Ordinaries Accumulation Index by 3.0% during the month.
The largest contributors to performance during the month were Credit Corp Group, AP Eagers, Pinterest Inc, City Chic Collective, Money3 Corp, Uniti Group and Alibaba Group. The largest detractors from performance were Shine Corporate, EML Payments and Jumbo Interactive.
On 26 June 2020, the Company held its June 2020 Investor Presentation followed by a Q&A Session involving portfolio managers Karl Siegling, Charlie Gray and Jackson Aldridge. In this online investor presentation, Karl Siegling provided an update on the fund including its recent performance, current holdings and positioning, and the key investment themes emerging in the portfolio. He also discussed the Company’s discount to NTA, tax asset, and capital management strategy.
At 31 July 2020, the Company was 79.4% invested.
* Gross Performance: before Management and Performance Fees
Fully Franked Dividends Declared Since Listing
* Off market equal access buy back
Historic Portfolio Exposure
Portfolio Sector Analysis
Top 20 Portfolio Positions
Portfolio Market Capitalisation Analysis
We encourage you to visit our 52 books you should read before buying your next stock page on our website. We have compiled a list of books/ documentaries that have influenced our investment style or helped provide insight into the Cadence investment process. To view all previous Cadence webcasts and press articles, please visit the Media Section of the website.
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Funds management involves a lot of synthesis of information and reading. Over the years we all end up reading many investment books and refer to them from time to time.
The team at Cadence has compiled a list of books that have influenced our investment style, or helped provide insight into the investment process.
Whilst not an exhaustive list, the 10 titles contained in this eBook provide a good starting point for any interested investor.