Our investing approach means the Australian Fund is unique in a number of ways: By using a concentrated, selective, flexible approach we have been able to deliver superior long-term returns. Due to our concentrated, value driven approach the returns we deliver are unlikely to be correlated with any particular index, benchmark or asset class in the short-term. We aim to maximise the Fund’s expected return without taking needless risks. Avoiding the risk of permanent capital loss is paramount. The fund is permitted to invest in any ASX-listed stock and hold unlisted securities (up to 10%) and as much cash as we deem appropriate. This allows us to be patient, nimble and seek value wherever it arises. The investment mix within the portfolio can change significantly and sometimes quickly. Ask your adviser or contact us for the latest investment mix and the size of the Australian Fund. [Less]