20 May 2018
Bennelong Australian Equity Partners (BAEP) has taken out the 2018 Money Management/Lonsec Fund Manager of the Year Award for the best Australian Large Cap Equities Fund.
The award-winning fund, the Bennelong Concentrated Australian Equities Fund, has provided strong returns over time. Since the fund’s inception, it has returned 18.1% per annum compared to the benchmark’s return of 10.6% over the same time period. Over the past year, it has returned 19.6% compared to the benchmark’s return of 5.7% (returns are as at 30 April 2018 and the fund’s benchmark is the S&P/ASX 300 Accumulation Index).
The fund is concentrated in BAEP’s highest conviction stock picks, typically holding 20-30 stocks selected from across the ASX. BAEP manages the fund using a research-intensive and risk-focused investment approach that emphasises companies with strong fundamentals.
BAEP’s CIO, Mark East, said the fund’s success came down to a focused investment approach and the discipline, focus and hard work of the investment team in executing it.
“This award pays tribute to the consistent effort of our investment team and the strong returns we’ve been able to achieve for our clients,” said Mark.
In presenting the award to BAEP, Money Management said the fund had a strong and consistent track record of outperformance and historic resilience in tough markets.
BAEP was founded in 2008 by Mark East in partnership with Bennelong Funds Management. It now manages five Australian equity funds, all employing the same proven investment approach. The Bennelong Concentrated Australian Equities Fund was one of BAEP’s first funds, incepted in January 2009, and will celebrate its 10th anniversary next year.
© 2018 FE Money Management. All rights reserved. The information, data, analyses, and opinions contained herein (1) include the proprietary information of FE Money Management and Lonsec (2) may not be copied or redistributed (3) do not constitute investment advice offered by FE Money Management or Lonsec (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a security (5) are not warranted to be correct, complete, or accurate. FE Money Management and Lonsec shall not be responsible for any trading decisions, damages, or other losses resulting from, or related to, this information, data, analyses, or opinions or their use. FE Money Management and Lonsec do not guarantee that a fund will perform in line with its Fund Manager of the Year award as it reflects past performance only. Likewise, the Fund Manager of the Year award should not be any sort of guarantee or assessment of the creditworthiness of a fund or of its underlying securities and should not be used as the sole basis for making any investment decision.