01
May

Performance of the Quest portfolio

CarThe Quest Sophisticated Investor portfolio has returned 24% so far this fiscal year pre fees.

The chart below shows that before fees, the portfolio has significantly outperformed the benchmark ASX 300 since inception. The compound Quest return is now 32% per annum since inception before fees. This is to the end of April 2007. The portfolio is also well ahead of the ASX 300 post fees.

Although the portfolio is concentrated in approximately 25 stocks, returns have been driven by a diversity of investments rather than a few single contributors. Amongst the largest contributors have been investments in Worley Parsons, BHP, Cochlear, CSL and Bravura Solutions.

The Quest portfolio is administered on our behalf by Goldman Sachs JBWere who included Quest on their Select panel of Australian equity investment managers in 2005.

The Quest business plan from the outset was to limit our over all size to maximize flexibility. We now manage money for eight large institutional superannuation accounts while also building a Sophisticated Investor capability. Our large superannuation clients include Westpac Staff Super, NSW Treasury Corp and Unisuper. Funds in this category total $1.5 billion. Quest is now closed to large funds but still open to Sophisticated Investors. More than $50m is managed for over 100 clients to date.

Read the full Quest newsletter here.