Munro fund wins hedge fund award

Nick Griffin

Nick Griffin

The Munro Global Growth Fund has won the  best Long Short equity Fund category at the 2020 Hedge Funds Rock Awards.

The Hedge Funds Rock + Australian Alternative Investment Awards were established in 2005 to recognise and honour the industry’s top performers. Finalists are decided based on a combination of quantitative and qualitative factors agreed by a panel of judges.

Munro Partners is a global investment manager with a core focus on growth equities. The Munro Global Growth Fund aims to provide investors with meaningful, risk adjusted, absolute returns through exposure to global growth equities over the medium to long term, while maintaining a capital preservation mindset.

Munro Partners founding partner and chief investment officer, Nick Griffin, noted that the Fund had returned 17.5 per cent return annualised since inception, and returned 36.8 per cent over the past year to 31 August 2020.

“The award win is recognition of the team’s success in identifying growth and key structural changes in the market. The ability to use our capital preservation tools such as cash, shorting and put options, assisted our clients’ returns, especially in the March quarter.

“The Fund provides a focused, actively managed exposure to a concentrated portfolio of 30- 50 equity positions. The team focuses on identifying sustainable growth trends that are underappreciated and mispriced by the market and benefiting from both the resulting winning (long) and losing (short) stock positions.”

Damien McIntyre, CEO of GSFM, which distributes the Fund in the Australian and New Zealand markets, said: “Nick Griffin and the Munro team run a comprehensive and disciplined investment process, and the success of this approach has been recognised with this award.

“The Munro Global Growth Fund has an enviable track record in the absolute return global equities space. In a market environment where active funds management is under pressure, Munro’s proprietary global growth focused investment process, alongside its flexible absolute return mandate, gives it an advantage when targeting consistent risk adjusted returns.”

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