Tribeca Australian Smaller Companies

Investment Aim

The aim of the Tribeca Australian Smaller Companies strategy is to outperform the S&P/ASX Small Ordinaries Accumulation Index by 5-10% over rolling three to five year periods by investing in a diversified portfolio of Australian smaller companies.

Why Smaller Companies?

The main reasons for incorporating a smaller companies strategy into a diversified portfolio are to:

  • Deliver enhanced returns over long time frames, albeit with the higher risks of the small-cap sector
  • Benefit from the concept of information arbitrage which is the opportunity to profit from information gained through research
  • Gain portfolio diversification, as smaller companies tend to perform differently through market cycles to the mainstream market

Key Features

  • A proven investment process that has been effective through a number of market cycles spanning 15+ years
  • A focus on high quality companies that are expected to deliver superior returns in the long term
  • Proprietary risk management tools are used to manage overall portfolio risk
  • Targeted outperformance of 5-10% p.a. over a rolling three to five year period, with an expected tracking error of 5-6%p.a.
  • The strategy has outperformed the benchmark in 13 out of 16 financial years since its inception in 1999

Investment Team

The strategy is co-managed by David Aylward with over 20 years and Simon Brown with 13 years of investment experience. They are supported by a team of experienced investment analysts with an average of 16 years investment experience and six years at Tribeca.

Investment Style

The strategy offers investors style-neutral exposure to Australian smaller companies, predominantly those outside the top 100 ASX listed companies by market capitalisation. The strategy is an actively managed, long-only strategy with flexibility to enhance alpha through its ability to invest up to 20% of the strategy in mid-cap stocks outside the top 50.

Performance

As at 31 December 2017

Tribeca Australian Smaller Companies Fund

Investment
Performance
1 mth
(%)
3 mths
(%)
1 yr
(%)
2 yrs
(% pa)
3 yrs
(% pa)
5 yrs
(% pa)
Since Inception
(% pa)**
Performance3.5812.8720.6813.6215.959.7710.03
Benchmark *3.2013.6920.0216.5514.387.395.19
Added Value0.38-0.820.66-2.931.572.384.84

*The benchmark for this fund is the S&P/ASX Small Ordinaries Accumulation Index
** Inception date is August 2010.
Returns are before fees, taxes and any other management expenses.

Tribeca Smaller Companies Fund – Composite of Institutional Mandates

Investment Performance1 mth
(%)
3 mths
(%)
1 yr
(%)
2 yrs
(% pa)
3 yrs
(% pa)
5 yrs
(% pa)
10 yrs
(% pa)
Since Inception
(% pa)**
Performance3.5612.8720.7413.8216.089.855.8211.93
Benchmark *3.2013.6920.0216.5514.387.39-0.036.05
Added Value0.36-0.820.72-2.731.702.465.855.88

*The benchmark for this fund is the S&P/ASX Small Ordinaries Accumulation Index
** Inception date is January 1999.
Returns are before fees, taxes and any other management expenses.

Past performance is not a reliable indicator of future performance.

Current Investors

To access investor statements please click here.