The OC Premium Small Companies Fund delivered strong relative and absolute outperformance for FY14

The OC Premium Small Companies Fund delivered strong relative and absolute outperformance for FY14. This can be largely attributed to our focus on risk management which helped us avoid most of the stock specific downgrades which have plagued the market. Furthermore, we have been quick to cut positions that have disappointed us either from an earnings perspective or where any of our key assumptions surrounding the stock have proven to be unsound. Many of the well held stocks that have downgraded their earnings during the past 12 months have had multiple downgrades (Super Retail (x3), Ausdrill (x3), Pacific Brands(x3), The Reject Shop, GUD and SMS Management to name a few). These have been costly for investors who have held on hoping for a quick turn-around in earnings for these businesses. The Fund returned 24.1% for the year outperforming both the Small Ords and Small Industrial indices. Full Report here: (VIEW LINK)


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OC Funds Management (OC) is a boutique small cap specialist which was founded by its investment staff and non-executive directors. OC commenced operated in December 2000 with the launch of two long only small cap Australian equity funds, the OC...

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