Performance & Updates
Quarterly report ending 31/Mar/2021
The AgFood Opportunities Fund is 8.08% up for the first eight months after fees. This corresponds to an annualized rate of 12.37% and is above our 8-10%pa target over a three-year period. We had flat performance in Feb and ticked down 1% in March but are still up 1.4% for quarter. Click through to see all the information regarding the fund's performance, operational updates, investment opportunities, and our focus for next quarter.
Monthly report ending 31/Dec/2020
We are very pleased to be up 6.67% on the initial investment for the first five months. This annual rate of 16.8% is above our 8-10% target.
We set a six-month time frame to allocate capital to 70% listed shares and 20% unlisted and 10% cash. At this point we are 47% in ASX listed shares, less than 0.5% in one pre-IPO and 52% in cash (including 27% committed funds).
Our first cornerstone investment in a listed company, TasFoods TFL.ASX (8.5% for $3m), continues to be a strong contributor and we will visit them in February. We now have a small position in Health Plant & Protein (HPP.ASX, old BUG.ASX) which is our #2 outperformer post its strategic review announcement.
A couple of significant investment opportunities are under evaluation and decisions are due early to mid-February.