Chris Cuffe
The Third Link Growth Fund has delivered a 7.8% return for the September 2025 quarter, outperforming its benchmark, the S&P/ASX 300 Accumulation Index, which rose 5.0% over the same period.
Managed by Chris Cuffe AO, the Fund stands out as a unique Australian equities fund-of-funds designed to generate strong, long-term investment returns while channelling profits toward meaningful community outcomes. Employing an active multi-manager approach, the Fund invests with a carefully curated group of high quality Australian equity managers to optimise performance and diversify exposure across market segments.
A key differentiator is its innovative fee model – no performance fees are charged at either the Fund or manager level. Instead, all fees paid by investors, after expenses, are donated to charities, amplifying the Fund’s dual mission of delivering financial performance and social contribution.
During the September quarter, small and mid-cap managers, including Firetrail, 1851 Capital, Eley Griffiths, Auscap, and Eiger, were among the standout contributors.
Their selective exposure to quality growth companies and disciplined stock selection underpinned strong returns.
Cuffe said the environment for smaller companies is improving.
“Small companies are increasingly poised for a comeback, reflecting attractive valuations and stronger earnings momentum within the segment. Funds with exposure to gold and gold mining companies also performed well, supported by a rally in gold prices during the quarter,” he noted.
“While short-term movements continue to reflect macroeconomic noise, we remain confident in the portfolio’s balance of quality and growth exposures. The Fund’s underlying managers continue to focus on companies with strong fundamentals, earnings resilience, and the ability to compound value over time.”
Continuing its commitment to social good, the Third Link Growth Fund donated $425,000 to charity this quarter, bringing total charitable contributions to $24 million since inception- a testament to its model of investing for both profit and purpose.
The underlying fund managers are:
- 1851 Emerging Companies Fund
- Auscap Ex-20 Australian Equities Fund
- Australian Eagle Equities Fund
- Chester High Conviction Fund
- DNR Capital Australian Equities High Conviction Fund
- ECP Growth Companies Fund
- Eiger Small Companies Fund
- Eley Griffiths Group Mid Cap Fund
- Firetrail Australian Small Companies Fund
- Greencape Wholesale High Conviction Fund
- L1 Capital Catalyst Fund
- Lennox Capital Australian Small Companies Fund
- Spheria Opportunities Fund