Facebook result overnight and why it is a core holding in our Global Portfolio

Marsico Capital Management, LLC (“MCM”) is a Denver, Colorado-based, SEC-registered, investment management firm, Founded by Thomas F. Marsico in 1997. MCM are concentrated growth equity investors where investment ideas most often come from an independent, creative and intuitive thought process. MCM manages assets for mutual funds, insurance funds, corporate retirement plans, endowments, foundations, family offices, separately managed wrap programs, and other clients. As of November 30, 2015, MCM managed approximately US$8.14 billion in assets within seven investment strategies. MCM does not rely upon formulas, computer-based screening techniques or traditional Wall Street research. They define growth flexibly to include major changes in company direction as well as indicators such as a company’s market share and the size of the underlying markets it serves. MCM searches for growth globally by evaluating companies in industries around the world to uncover attractive investment opportunities, as well as to understand the competitive landscape on a world-wide basis. The breadth and depth of analysis, MCM believes, is important in sustaining a value-added strategy – a strategy that can help you realise your most important long-term goals. Australian investors can now access Marsico Capital’s high quality growth investing approach via a partnership with multi-affiliate financial services group, Channel Capital. The CC Marsico Global Fund (the Fund) is an Australian domiciled global equities fund managed by Marsico Capital and offered by Channel Investment Management Limited ACN 163 234 240 AFSL 4439 007. The Fund is available to sophisticated or wholesale investors only.