Sean Sequeira

Australian Eagle Trust Long-Short Fund has been upgraded to a Superior rating from Australia Ratings.

Australia Ratings stated in their announcement: A rating of SUPERIOR is the highest rating on the investment rating scale used by Australia Ratings. A SUPERIOR investment rating indicates the highest level of confidence that the Trust can deliver a risk-adjusted return in line with its investment objectives.

“We are delighted the consistent application of our investment process has been recognised with the upgrade to “SUPERIOR” for our Long-Short fund by the highly respected Australian Ratings. During the last 12 months the market conditions have been incredibly challenging for all, and the consistent adherence to our rigorous investment process has been the cornerstone of our results for investors.

“It is gratifying that the Australia Rating team has recognised the quality of our efforts. We are also pleased to note that both our Long-Short and Long only funds continue to have increased traction with FUM increasing by over a $100 million in the last 12 months,” said Sean Sequeira, CIO, Australian Eagle Asset Management.

Australia Ratings also noted that since its inception in 2016 (launched as a retail fund in April 2019), the Trust has focused on investment in Australian equity using a combination of long-short, high alpha: growth, bottom-up, medium capitalisation, and high-conviction investment styles.
The Australian Eagle Trust Long-Short Fund has outperformed the ASX 200 by 9.86% p.a. since start.

By Sean Sequeira CFA, CIO

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Sean Sequeira

HUB24 has approved the Australian Eagle Trust Long-Short Fund for its superannuation and IDPS platforms. This follows Netwealth’s recent introduction of the Fund for its super platform.

The Fund invests in liquid Australian equities and has delivered 20.61% per annum since inception in June 2016 to the end of Nov 2019.

A focus on change

“Australian Eagle believes the Australian market is inefficient at assessing business change beyond twelve months and that this represents a fundamental investment edge.

“The investment process focusses on identifying potential significant change in businesses and then searches for a Trigger; objective information that confirms that this change is happening. Viewing all of our universe companies through this change prism allows us to differentiate the higher and improving quality companies versus those with the opposite characteristics. This advantage allows us to build portfolios that take advantage of the earnings momentum within companies as change manifests.  The result for clients has been very strong risk and return outcomes across the past three and a half years.

“We are thrilled that we have placement on the Superannuation section of two of the fastest growing platforms in Australia. Now advisers can conveniently allocate client assets to our product as part of a balanced wealth accumulation strategy,” said Sean Sequeira, CIO, Australian Eagle.

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Sean Sequeira

The Australian Eagle Trust Long-Short fund returned +3.70% net of fees for the month of February 2019, maintaining positive outperformance over 1 year and 2 year periods.

The portfolio’s largest positive contributions for the month came from long positions in QBE Insurance Group, Altium and Commonwealth Bank of Australia while largest detractors were short positions in IOOF Holdings, Janus Henderson and a long position in Cochlear.

The Fund had 34 long positions and 19 short positions with largest exposure to medical devices & services and technology stocks. There was less exposure in the major banks and income stocks.

Performance figures are net of fees and expenses, *Inception date is 1 July 2016, ** Performance benchmark, S/I – Since Inception

Fund Strategy

Established in July 2016, the Australian Eagle Trust Long-Short Fund aims to achieve strong double digit returns by allowing clients to access Alleron’s demonstrated historical strength in constructing Australian share portfolios applied to a long-short product.

Modelling a combination of Alleron’s actual long investment performance since 2005 in conjunction with a short selling discipline, suggests that this product can provide strong investment returns along with an alpha performance that is negatively correlated to the broader Australian equity market.

Alleron’s investment process seeks to deliver significant outperformance by identifying mispriced stocks with changing growth profiles and building concentrated portfolios of those stocks.

By Sean Sequeira, CIO

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Australian Reporting Season Update – September 2017:

Positive contributions from the reporting season came from Long positions in Treasury Wine Estates, medical device company Cochlear and fast fashion retailer Lovisa. All three companies were favourably assessed on their strong, sustainable growth forecasts for the coming years, consistent with our process.
Alleron’s Short portfolio also added to performance with notable contributions from short positions in Telstra, Healthscope and Domino’s. Telstra’s larger than expected cut to dividends, as they retain more earnings to invest into new businesses, along with minimal growth from Healthscope’s main Australian Hospital division and slowing growth from Domino’s, were all sold down by the market.

We appreciate your ongoing interest in Alleron and look forward to keeping you informed of our progress.

Alleron Australian Eagle Trust Long-Short Fund nominated in Best Emerging Manager category for The Australian Alternative Investment Awards
Hedge Funds Rock (HFR) & The Australian Alternative Investment Awards has today announced the nominees for its 2017 awards event.

Alleron Australian Eagle Trust Long-Short Fund has been nominated in Best Emerging Manager category in 2017.

By Sean Sequeira CFA, CIO

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