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Ellerston Global Investments Limited

Fund Manager: Ellerston Capital
Inception Date: Oct 01, 2014

Time for global active managers to outperfor ...

Steve Green from stevegreeny.com - Aug 24, 2017

This is a guest post from Steve Green. Steve is a full-time investor with a focus on LICs, event-driven and activist investing. You can follow some of his ideas at his investment blog at www.stevegreeny.com Most investors probably have an inkling that active fund managers are not doing a stellar job when it comes to outperforming the S&P 500 of late. Sometimes a chart is worth a thousand words, and here is one that ought to grab the attention of those with a penchant towards a mean revers ... [More]

Value fund manager Ellerston Capital has emerged as a sub­stantial shareholder in catering and facilities management group Spotless, banking on a turnaround for a company whose shares crashed 40 per cent last December following a profit warning. The Ellerston stake in Spotless, purchased by the fund run by equities specialist and former Packer family executive Chris Kourtis, was bought at prices ­between $1.06 and $1.20. Spotless shares are now trading at $1.16, down from the $2.47 mark they hit in April last year. Spotless, now run by former KPMG partner Martin Sheppard, revealed at the end of May it was exploring a potential sale of its laundries business after receiving approaches from prospective ­buyers. It has been reported ­private equity firms Affinity, Quadrant, Champ and Archer Capital had expressed interest in the sales process for the $400 million-plus division that form­ally launched last week. [More]

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