The New Year may have started quietly in Australia, but the pace has been frenetic in the USA. Only weeks into the new Trump administration there are signs that the new regime may experience a short honeymoon.
New CEO Frank Calabria has addressed the ongoing debt position at Origin with the proposed sale or spin off of the upstream exploration and production business.
Updater (ASX:UPD) is a New York based technology company that has developed a platform to help consumers move house. The Updater assists provides customers to forward mail, update subscriptions, connect utilities and complete other moving related tasks.
Small stocks delivered for our Quest portfolio during the August reporting season. Quest holdings in 9 separate stocks lifted more than 5% over the month to deliver a small positive return in August of 0.2% compared to the market which fell 1.6%.
The Quest Australian Equities Concentrated Portfolio delivered a 3.7% pre fees return in fiscal 2016 which was ahead of the market return of 0.8%.
Quest has expanded the choice of platforms for our Separately Managed Account by adding Macquarie SMA to our range. The platform list now includes JB Were, Mason Stevens, Powerwrap, Hub 24 and Macquarie.
One of the challenging issues in funds management is the discovery and processing of information. Portfolio managers and analysts are subject to enormous flows of information and one of the skills required to succeed in funds management is the ordering, processing and discarding of ideas. Our view is that a great idea is rarely unique for more than a day. The information advantage can be as short as a few minutes.
Plumbing manufacturer Reliance Worldwide (RWC) closed the first day of trading at $2.95 after the offer was priced at $2.50 by joint lead managers JP Morgan and Macquarie Bank in late April 2016. Quest participated in this IPO, one of the few we have been attracted to in this IPO season.
Oneview Healthcare PLC (ONE) listed on the 17th March 2016 at $3.58 per share. Oneview is a Dublin based hospital software business with an emphasis on patient engagement. The company has raised capital to fund the global roll out of software to existing and potential clients. Appropriately, Oneview listed on St Patrick’s Day.
The Australian article including an interview with Chris Cahill from Quest Asset Partners on Galileo Japan Trust “REITs in retreat as RNY plans to sell its portfolio”