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Fund managers Loftus Peak and Orca Funds Management (Orca), have joined forces to further extend their highly performant, market-leading disruption funds to investors, currently under-served with opportunities in the global trends that are reshaping world business. Berkshire Global Advisers supported Loftus Peak in the transaction.
Loftus Peak and Orca have both been managing a disruption strategy for some years; Loftus Peak from 2014 and Orca since 2016. The management teams have watched and respected one another from a distance as competitors, while both appreciating the importance of the disruption thematic.
Bringing together the Orca and Loftus Peak portfolios delivers a stronger, more sustainable and scale-able global disruption capability with a combined eight members of the investment team, including Orca’s Raymond Tong, a seasoned and talented professional with skills complementary to those of Loftus Peak team. Ray joins the company as Head of Research.
The addition of the Orca portfolios will bring Loftus Peak’s funds under management to over $700 million.
Investment returns have been strong, powered by the forces of disruption. In 2023 Loftus Peak’s flagship fund (the Loftus Peak Global Disruption Fund) returned +61.2%, compared with the Fund’s benchmark of +21.9%, an outperformance of +39.3%. The Fund has delivered an annual return of +17.2% p.a. net of fees since inception*.
Berkshire Global Advisors acted as exclusive Corporate Advisors to Loftus Peak.
*Net-of-fees performance for the Loftus Peak Global Disruption Fund is based on end-of-month redemption prices after the deduction of fees and expenses and the reinvestment of all distributions. Investment return and the principal value fluctuate, so your units, when sold, may be worth more or less than the original cost. For further details, please refer to the Fund’s Product Disclosure Statement. The benchmark for the Fund is the MSCI All Countries World Index (net) as expressed in AUD from Bloomberg. Past performance is not a reliable indicator of future performance. Returns greater than one-year are annualised.
Important Note:
This report was prepared by Loftus Peak Pty Limited (“Loftus Peak’). Equity Trustees Limited (“Equity Trustees”) ABN 46 004 031 298 AFSL No. 240975, is a subsidiary of EQT Holdings Limited ABN 22 607 797 615, a publicly listed company on the Australian Securities Exchange (ASX:EQT), and is the Responsible Entity of the Loftus Peak Global Disruption Fund. This document has been prepared for the purpose of providing general information only, without taking account of any individual person’s investment objectives, financial circumstances or needs. This document is not intended to take the place of professional advice and we do not express any view about the accuracy or completeness of information that is not prepared by us and no liability is accepted for any errors this document may contain. You should consider the Product Disclosure Statement (“PDS”) in deciding whether to acquire, or continue to hold, the product. A PDS and application form is available at www.loftuspeak.com.au. Loftus Peak and Equity Trustees do not guarantee the performance of the Fund or the repayment of the investor’s capital. To the extent permitted by law, neither Equity Trustees, Loftus Peak, nor any of their related parties including its employees, directors, consultants, advisers, officers or authorised representatives, are liable for any loss or damage arising as a result of reliance placed on the contents of this report. Past performance is not indicative of future performance.
The Loftus Peak Global Disruption Fund’s Target Market Determination is available at http://www.loftuspeak.com.au in the downloads tab. It describes who this financial product is likely to be appropriate for (i.e. the target market), and any conditions around how the product can be distributed to investors. It also describes the events or circumstances where the Target Market Determination for this financial product may need to be reviewed.
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