September 2019 | Quarterly Report

Introduction The Fund posted a return of 2.8%1   for the quarter, and has been pretty flat since its inception in late January 20192   . The Australian Fund returned 2.4% over the quarter. The longer term performance of the Australian Fund is provided in past quarterly reports, which are [...]

By | 2019-10-16T17:02:27+11:00 October 2019|Reports|0 Comments

June 2019 | Quarterly Report

Introduction The Australian Fund posted a modest return of 0.2%1   for the quarter - masking some wild swings such as the 9.0% decline during May. Although too early to comment with conviction, the strongly rebounding prices of many of the holdings in June provides some degree of confirmation [...]

By | 2019-07-22T10:43:21+11:00 July 2019|Reports|0 Comments

March 2019 | Quarterly Report

Introduction The Fund returned 4.2%1   for the quarter. Ordinarily, we would happily sign off straight away for similar returns for the next few decades. But ordinarily, the preceding quarter’s returns would not have been so bad. The reality is that the March quarter’s returns are hardly adequate compensation [...]

By | 2019-04-12T17:05:12+11:00 April 2019|Reports|0 Comments

December 2018 | Half Year Report

Introduction There was no hiding the carnage on global equity markets over the last few months. Despite our high cash levels and our conservatively priced portfolio, the decline of 11.4%1   was the Fund’s worst quarterly result since inception. Whilst disappointing, this is nevertheless consistent with the range of [...]

By | 2019-02-01T10:16:46+11:00 January 2019|Reports|0 Comments

September 2018 | Quarterly Report

Introduction After eight consecutive months of positive performance, the Fund suffered a 5.2% setback in September resulting in a 1.7%1   decline for the quarter. For those keen on numbers, September’s return ranks as the second worst monthly performance since inception of the strategy in January 20152   . Now [...]

By | 2018-11-02T09:08:25+11:00 October 2018|Reports|0 Comments

June 2018 | Annual Report

Introduction Welcome to the ‘new-look’ Alluvium Global Fund report. With this updated format we have endeavoured to provide commentary on our investment activities in a more engaging and informative manner for you, our clients. We recognise that each individual investor has preferences for how they like to receive news, [...]

By | 2018-08-03T14:33:39+11:00 July 2018|Reports|0 Comments

March 2018 | Quarterly Report

Snapshot The Fund posted a net return of 2.7%1   over the March quarter. This positive result, when most markets (and our positions) fell decidedly in local currency terms2   , illustrates why we embrace currency ‘exposure’. Our dear friend ‘volatility’ is back… but only to more conventional levels. Although [...]

By | 2018-07-05T14:57:18+11:00 April 2018|Reports|0 Comments

December 2017 | Half Year Report

Snapshot The Alluvium Global Fund (Fund) posted a net return of 0.8% over the December quarter.1  The strategy has now built up a three year track record. Its annualised total return over that period is 12.1%. This is slightly higher than the return we expect to achieve over the [...]

By | 2018-01-10T22:10:15+11:00 January 2018|Reports|0 Comments

September 2017 | Quarterly Report

Snapshot The Alluvium Global Fund (Fund) posted a net return of 4.6% over the September quarter.1  An offsetting factor to some strong share price returns was the rising Australian dollar (AUD). Had we held most of our cash in AUD rather than foreign currencies our returns would have been [...]

By | 2017-10-15T20:09:52+11:00 October 2017|Reports|0 Comments