Freehold Absolute Return Fund - March performance numbers and newsletter
Newgate Capital Partners
The Freehold Absolute Return Fund generated a mild +0.23% return over the month of March 2015, amid generally weaker real estate and infrastructure markets. We are maintaining a cautious approach to the markets we focus on. We hold a mild net short position in the Fund reflecting concerns that interest rate ‘tailwinds’ are going to meet ‘earnings headwinds’, creating volatility and a mild correction. Please find attached the newsletter for the month, where we review: • The likelihood of an office construction cycle in Australia • Leverage issues within the Australian retail industry • Our negative view on freight and rail company, Aurizon Group (AZJ) Newsletter link: (VIEW LINK)
Tim has 22 years’ experience in the investment and securities markets. Tim was a partner of Goldman Sachs JBWere and during his 15-year tenure at the firm had senior experience across all areas of equities investing. Tim was Head of Australian...
Expertise
No areas of expertise
Tim has 22 years’ experience in the investment and securities markets. Tim was a partner of Goldman Sachs JBWere and during his 15-year tenure at the firm had senior experience across all areas of equities investing. Tim was Head of Australian...
Expertise
No areas of expertise