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Fat Prophets Global Contrarian Fund Ltd

Fund Manager: Fat Prophets
Inception Date: Mar 22, 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 Author’s note: In compiling this article I have used data as at 25th April, 2018. Recently I was checking out Morphic Ethical Equities Fund (MEC) and observed how fickle the premium / discount to NTA can behave. It is almost one year since listing and this type of pat ... [More]

Wealth management group Fat Prophets is launching a listed investment company focused on real estate investment trusts around the world, seeking to raise up to $220 million. The offer comes amid choppy trade for the local sharemarket, and particularly Australian property trusts. The S&P/ASX 200 A-REIT index has fallen 9 per cent over the past month as investors worry about a slowdown in the housing market and challenges facing retail landlords such as weak wages growth and the looming entry of Amazon. Fat Prophets highlighted the opportunity for Australian investors to access global REITs, which would otherwise require direct investing in international markets or unlisted funds. [More]

The listed investment company established by stock pickers at Fat Prophets got off to an encouraging start on low volumes after making its ASX debut on Wednesday morning. After opening at 11am, the Fat Prophets Global Contrarian Fund made its debut with a cross trade at $1.50 a share before closing the day lower at $1.135. The closing price represented a 3 per cent premium to the offer price of $1.10. Taylor Collison raised $50 million for the research house and managed investment company. The vehicle is being pitched by its backers as offering investors access to hedge fund style absolute return strategies.   [More]

The Fat Prophets Global Contrarian Fund (FPC) IPO is now open through OnMarket Bookbuilds. If you are interested in applying for shares in the IPO you can do so here. Fat Prophets is known to many by its share tip subscription service. Boasting over 25,000 members, it is one of the most popular of these services in Australia. Launching in 2010 and adopting a contrarian approach to investing, the service has a solid track record according to the performance figures published on ... [More]

Angus Geddes' Fat Prophets is preparing to board the LIC train. It is understood Geddes has hired listed investment company-specialist Hamish Nairn and colleague Scott Dolling from Taylor Collison to help raise up to $66 million for the new Fat Prophets Global Contrarian Fund. Geddes and his team are expected to start marketing the fund to broking networks and their own Fat Prophets community after Australia Day and plan to have the fund listed on March 22. As the name suggests, the new fund will seek to take contrarian bets globally and join the manager's stable which already includes Australian shares, income, small cap, mining, global opportunities and UK shares strategies. [More]

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