Cadence Capital Limited returned a positive gross performance of 7.3% in the month of November, compared to the All Ordinaries Accumulation Index which was up 10.2% over the same period. The largest contributors to performance during November were Resimac Group, Lynas Corp, Money3 Corp, Credit Corp and AP Eagers. The largest detractors from performance were ARB Group and Alibaba Group Holdings.
At 30 November 2020, the Company was 83.2% invested.
Cadence Capital Limited held its AGM and Investor Briefing on the 25 November 2020. At the AGM and Investor Briefing, Chairman Karl Siegling firstly gave an update on the company’s performance and then discussed the CDM shares discount to NTA. Karl and portfolio managers Charlie Gray and Jackson Aldridge then discussed a number of the company’s current positions. Karl closes off the briefing with the outlook for 2021.
* 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.
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.