Equitable Investors Dragonfly Fund

Investing in attractively priced businesses with sound growth prospects or strategic value.

We aim to deliver returns that exceed the cost of capital.

Performance is measured against the yield on the Five Year Australian Government Bond +5% pa.

The Equitable Investors Dragonfly Fund aspires to look in all directions for investment opportunities. A special characteristic of the dragonfly is its incredible vision. Scientists believe it can see more colour than humans. The dragonfly’s eyes consist of up to 30,000 facets. Each facet points in a slightly different direction, apparently enabling dragonflies to see in all directions at the same time.

July 2019: “ Sorrow can be alleviated by good sleep, a bath and a glass of wine ” - St. Thomas Aquinas. Aussie investors have done well out of sleep with ResMed’s market cap multiplying nearly 19x since 2002. Dragonfly Fund’s best performed investment Rhinomed has a different angle on sleep. So does a newer investment for the Fund, Oventus. Full Report

In order to receive an Information Memorandum and Application Form, please fill in the request form below - or contact us.

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ABOUT THE FUND

The Fund is an open ended, unlisted unit trust investing predominantly in ASX listed companies. Hybrid, debt & unlisted investments are also considered. The Fund is focused on investing in growing or strategic businesses and generating returns that, to the extent possible, are less dependent on the direction of the broader sharemarket. The Fund may at times change its cash weighting or utilise exchange traded products to manage market risk.

The Fund is only available to "wholesale clients" within the meaning of the Corporations Act 2001.

INVESTMENT OBJECTIVES

The Fund aims to provide Investors with medium to long term capital growth by investing in attractively priced businesses with sound growth prospects or strategic value.

The Fund’s benchmark is to exceed the annual yield on Five Year Australian Government Bonds by more than 5% per annum. This benchmark is representative of the level of return Equitable Investors believes an investor may require as compensation for taking on the risks inherent in equity investment.

Expertise

The directors of the manager have approximately 50 years of combined professional experience in investment markets, focused on those market segments in which higher total returns are most likely to be found, being micro-to-mid cap listed companies, larger strategic opportunities, unlisted growth opportunities & mezzanine or alternative financing. The Fund’s portfolio manager has been a key member of a highly-regarded investment management team for the past four years and prior to that led well-regarded equities research teams.

Unique Opportunities

The Fund is positioned to pursue opportunities not typically on the radar of mainstream investment managers, being predominantly micro- to-mid caps but also alternative investment forms (pre-IPO, corporate debt, hybrid offers & unlisted equity) sourced from an extensive network that may not be widely accessible. The fund has a deliberately expansive investment universe and will invest without regard to free-float weighted sharemarket indices.

Constructive Approach

The manager believes in maintaining frank and open dialogue with the entities in which investments have been made. The manager will offer support & constructive feedback, with the ultimate focus remaining always on maximizing shareholder value. Where there are opportunities to leverage relationships and develop strategic initiatives for the benefit of the investee it will seek to do so. We believe this active approach can enhance returns.

Proprietary Research

The manager is devoted to understanding the business model, the market opportunity and the competitive forces of potential or current investments. The manager considers people to be the key assets of most businesses and therefore seeks to know the people in and around the company. The manager seeks to build a proprietary “mosaic” of information & seeks relevant information from a multiplicity of conventional & unconventional sources.

Alignment of Interests Equitable Investors believe in having a strong alignment with the investor base. The founder intends to place his own equity investment capital into Equitable Investors-managed funds. Equitable Investors’ intention is that at least 50% of performance fees shall be paid in units in the Fund in the first three years of operation.

INVESTMENT STRATEGY & PROCESS

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PERIODIC REPORTS

Monthly - July 2019

Quarterly - June 2019

Monthly - May 2019

Monthly - Apr 2019

Quarterly - Mar 2019

Monthly - Feb 2019

Monthly - Jan 2019

Quarterly - Dec 2018

Monthly - November 2018

Monthly - October 2018

Monthly - September 2018

Monthly - August 2018

Monthly - July 2018

Quarterly - June 2018

Monthly - May 2018

Monthly - April 2018

Monthly - March 2018

Monthly - February 2018

Monthly - January 2018

Quarterly - December 2017

Monthly - November 2017

Dragonfly Fund - Monthly Report - Nov 2017.pdf

Monthly - October 2017

Dragonfly Fund - Monthly Report - Oct 2017.pdf


Monthly - September 2017

Dragonfly Fund - Monthly Report - Sep 2017.pdf

Equitable Investors Pty Ltd is licensed as an Australian Financial Services Licensee (AFSL No. 505824)