The Freehold Absolute Return Fund generated a +1.75% return for the month of May, seeing the since inception number move to +19% (11 months to May 31st)
Tim Hannon
Newgate Capital Partners
The Freehold Absolute Return Fund generated a +1.75% return for the month of May, seeing the since inception number move to +19% (11 months to May 31st). Key contributor for the month was our long position in Envestra (ENV) which saw an all cash bid from Cheung Kong Infrastructure at $1.32, a bid that competes with the pre existing APA bid of ~$1.26. ENV currently trades at $1.36, above the Cheung Kong bid, in expectation APA will make a higher bid. We continue to hold ENV.
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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 Equities, Head of Real Estate and Co-Manager of Global Real Estate Securities portfolios with Goldman Sachs LLP. Tim was also founder and co-manager of the Goldman Sachs JBWere Australian Infrastructure Securities Fund, and co-manager of the award winning Goldman Sachs JBWere Emerging Leaders Fund. Over his career, Tim has been nominated or won eight distinguished industry awards, including “Fund Manager of the Year”.
Tim holds a Bachelor of Economics and a Graduate Diploma from the Securities Institute of Australia. Tim is also a Fellow of the Financial Institute of Australia and holds a Masters of Business Administration from Melbourne Business School.
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Tim Hannon
Principal
Newgate Capital Partners
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 Hannon
Principal
Newgate Capital Partners
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
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