Karl Siegling firstly discusses the exposure of the fund in detail discussing how the fund enters and exits positions by scaling into and out of them. He then details the performance of the portfolio over the 2010 financial year followed by an update on sector and individual stock performance. He then discusses two of the funds largest positions before closing with a summary outlook.
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.