Performance update - October 2020

We are pleased to provide an update on the performance of our Australian and global founder company strategies. Founder firms continue to deliver strong returns. Our Australian strategy delivered a return of 3.8% in the month of October, above the benchmark return (2.1%). In the past six and twelve months, the strategy has produced out-performance of 28.1% and 33.6% respectively. The global strategy earned a return of 1.1% for the month, above the benchmark return (-1.1%). In the past six and twelve months, the strategy has produced out-performance of 5.6% and 12.3% respectively. We discuss the investment thesis for Megaport, which has been a core holding in the Australian portfolio since inception.