Sydney-based equities investor Cadence Asset Management has outlined its pitch for a new listed investment company that will seek to profit from market volatility. Cadence chairman Karl Siegling has told potential investors the new fund would would be more focused on short term price trends with a six to 18-month time horizon, rather than one to six years […]
Cadence Capital is planning a $250 million-plus listed investment company on the ASX. The new LIC – to be called the Cadence Opportunities Fund – is being pencilled in for a listing on the local bourse late in the third quarter, after joint lead managers are appointed on the deal.
Below is a chart we presented at our most recent Annual General Meeting depicting the S&P/ASX 200 Resources Index over a sixteen-year period. Within this extended period, we see a resource ‘boom’, the Global Financial Crisis and subsequently the resources ‘bust’. This chart depicts the truly cyclical nature of resources and the large demand supply […]