Lennox Capital Partners Launches Australian Microcap Fund
Active boutique equities fund manager, Lennox Capital Partners has announced the launch of an Australian microcap fund.
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Lennox Capital Partners
Lennox Capital Partners (Lennox) is an active boutique investment manager specialising in Australian small and microcap listed equities.
About
Lennox was founded in 2017 by James Dougherty and Liam Donohue. The pair previously worked at Macquarie Group where they managed the Macquarie Australian Small Company and Microcap funds. During their time working together, the Macquarie Australian Small Company fund consistently delivered top quartile returns, outperforming both its benchmark and peers. The Fund was also a finalist in the 2016 Australian Fund Manager of the Year Awards in the Australian Small Cap category.
Approach
Lennox's active bottom-up approach to investing utilises both qualitative screening and in-depth fundamental research to identify investment opportunities. Coupled with rigorous, deep-dive research ‘on the ground’, their investment process has consistently outperformed the S&P/ASX Small Ordinaries Accumulation Index over the medium to long term.
Funds
Lennox Australian Small Companies Fund
Strategy
Lennox is an active, bottom-up stock picker. Their deep-dive, fundamental approach to investing is style-agnostic and utilises an effective yet structured process. Lennox identify mispriced opportunities, apply a rigorous qualitative screen to those opportunities, and then independently forecast earnings for any investment candidates. Ultimately Lennox invests in companies that have medium term valuation upside that will not disappoint in the short term.
Suits Investors Seeking:
- A concentrated portfolio of smaller Australian and New Zealand companies
- Potential for capital growth and some income
- High levels of return, with increased levels of volatility
Benchmark
S&P/ASX Small Ordinaries Accumulation Index
Overview
Current as of March 2018
1 May 2017
Inception Date
1.10%
Management Cost
5 Years
Suggested Minimum Time Frame
A$40.4M
Funds Under Management*
Half-yearly
Distribution Frequency
$10,000
Minimum Investment
HOW3590AU
APIR Code
*Funds under management displayed at a class level only.
Interests in the Lennox Australian Small Companies Fund ARSN 617 995 918 are offered by Fidante Partners Limited ABN 94 002 835 592 AFSL 234668 (Fidante Partners). Fidante Partners has appointed Lennox Investment Partners as the investment manager of the Fund.
Fund Performance (Net) as at date: 31 Mar 2018
-1.33%
1 month
-0.94%
3 months
-
1 year
-
3 years (p.a.)
-
5 years (p.a.)
-
10 years (p.a.)
25.33%
Since inception (p.a.)
Past performance is not a reliable indicator of future performance.
1. Returns are calculated after fees have been deducted and assume distributions have been reinvested. No allowance is made for tax when calculating these figures.
2. The inception date for the Fund is 1 May 2017
Unit Prices and Distributions
To view historical unit prices and distributions click here
Cumulative Fund Growth
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Past performance is not a reliable indicator of future performance.
1 Returns are calculated after fees have been deducted and assume distributions have been reinvested. No allowance is made for tax when calculating these figures.
1 Returns are calculated after fees have been deducted and assume distributions have been reinvested. No allowance is made for tax when calculating these figures.
Forms
Reports & Flyers
Product Updates
March 2018
Update to the investment return objective
January 2018
Change to the contact information for the Financial Ombudsman Service
Lennox Australian Microcap Fund
Strategy
Lennox is an active, bottom-up stock picker. Their deep-dive, fundamental approach to investing is style-agnostic and utilises an effective yet structured process. Lennox identify mispriced opportunities, apply a rigorous qualitative screen to those opportunities, and then independently forecast earnings for any investment candidates. Ultimately Lennox invests in companies that have medium term valuation upside that will not disappoint in the short term.
Suits Investors Seeking:
- A concentrated portfolio of microcap Australian and New Zealand companies
- Potential for capital growth and some income
- High levels of return, with increased levels of volatility
Fund Downloads
Benchmark
S&P/ASX Small Ordinaries Accumulation Index
Overview
Current as of March 2018
31 January 2018
Inception Date
1.30%
Management Cost
5 Years
Suggested Minimum Time Frame
A$10.7M
Funds Under Management*
Half-yearly
Distribution Frequency
$10,000
Minimum Investment
HOW1289AU
APIR Code
*Funds under management displayed at a class level only.
Interests in the Lennox Australian Microcap Fund ARSN 623 308 869 are offered by Fidante Partners Limited ABN 94 002 835 592 AFSL 234668 (Fidante Partners). Fidante Partners has appointed Lennox Investment Partners as the investment manager of the Fund.
Unit Prices and Distributions
To view historical unit prices and distributions click here
Forms
Reports & Flyers
Available from March 2018
Product Updates
January 2018
Change to the contact information for the Financial Ombudsman Service
Our Team
Related Resources
Chris Cuffe tows-in ex-Macquarie fundies
Fidante's new boutique manager, Lennox Capital Partners, was featured in the Australian Financial Review.
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Lennox - capitalising on a mispriced market
Lennox Capital Partner’s James Dougherty and Liam Donohue provide their views on navigating the small caps landscape, why being active is key to picking winners, and how short-term market interpretations are creating some standout opportunities.
Read more