As part of the initial investing activities the Fund established a position in Target1 (the US listed retailer). By the end of June, Urban Outfitters, which is another US listed retail business appeared more attractive (according to our internal ranking process) and holding both would have breached [...]
Snapshot The Alluvium Global Strategy (Strategy) posted a net loss of 2.9% over the six months to 30 June 20161, 2 . The longer term net returns of the Strategy, in Australian dollars (AUD), as well as some alternatives are shown below:1, 2, 3, 4 [...]
I have a basic premise: the larger the pond in which I fish, the more fish available, so the more discerning I can be. This is why I wish to access the broadest range of investment opportunities practicable - so I can build a high quality portfolio [...]
It was early 2013 when I really started contemplating investment options with some seriousness. I reflected on my institutional funds management experience and my interests in value investing, behavioural finance and psychology. I also cast my mind back to the old academic days as well as my [...]
When developing the Strategy, I built a single spreadsheet which encompassed both portfolio positions and performance measurement. By late 2015 I had recognised that the combination of these functions in a single file may be detrimental to process because it encouraged short term performance monitoring. Whilst it [...]
Snapshot The Alluvium Global Strategy (Strategy) posted a net return of 16.5% over the 2015 calendar year1 . The longer term net returns of the Strategy, in Australian dollars (AUD), as well as some alternatives are shown below:1, 2, 3, 4 Figure 1: Value [...]
