October 16, 2023
“The investment team possesses a long-standing working relationship, and during this time has accomplished a consistent and impressive track record.”
https://www.lonsec.com.au/logo-disclosure
October 12, 2023
Boss Energy has doubled since our purchases in 2022. After years of inaction, the uranium spot market has found buying from utilities, investors, ETF ‘s, miners and speculators. The uranium spot price has moved from US$20 per pound in 2017to above USD$70 today. Boss is about to recommence mining at Honeymoon in South Australia with first production early next year. Initial purchases in Boss at$2.15 compare to $4.50 per share today.
September 14, 2023
We are incredibly pleased that Quest Asset Partners has been announced as the Winner of the "Australian Equities SMAs" category at the Financial Newswire / SQM Research Fund Manager of the Year Awards 2023.
August 28, 2023
The Quest X20 Australian Equities Fund (ETL7425AU) and Quest Long Short Australian Equities Fund (ETL4748AU) are now available on the Powerwrap Private Wealth Account and Smartwrap Menus.
August 16, 2023
For the 2023 fund manager of the year awards with Financial Newswire, SQM Research has collated performance data on well over 10,000 active funds. As SQM Research is a believer in performance over time taking into account the risks, data was initially collated and sorted on an equal weighting combination of three-year annualised net returns and three-year sharpe ratios (risk adjusted returns). A final ten list of ten funds for each category was then derived. Data was collated through to 30 June 2023.
Finalists were then chosen from the top ten in each category based on the best Sharpe ratio. Quest Asset Partners is a Finalist in Australian Equities - SMAs.
August 15, 2023
The Quest Australian Equities Highly Concentrated Portfolio return was 33.2% for the June 2023 year. The portfolio started in 2016 and has a 12% average annual return.
The portfolio pays no heed to the index and includes 10 best ideas which in recent years have been dominated by lithium and uranium names with some gold and a few industrial stocks. The portfolio is only available to wholesale investors on the Mason Stevens SMA.
August 3, 2023
Quest Asset Partners is thrilled to be ranked No.1 over 5 and 10 years in Morningstar’s Australian Equity Sector Institutional Survey for June 2023.
The survey comprises 65 and 59 managers respectively across Growth, Value, Blend and Index categories.
Quest outperformed the Morningstar Australia GR AUD Index by +3.9% pa over 5 years and +4.1% pa over 10 years to 30 June 2023.
Past performance provides no guarantee of future performance.
May 22, 2023
The Money Management 35th Annual Fund Manager of The Year Awards 2023 highlights the exceptional skills and talent of the industry’s most distinguished professionals and businesses across Australia.
Being named a finalist is considered a remarkable achievement in the financial services sector. In a highly competitive and evolving funds sector, recognition at this event cannot be underestimated. With a reputation built over decades, the Money Management Fund Manager of the Year Awards is the Australian standard for excellence for advisers, institutions, and investors.
Money Management editor Laura Dew said: “Thank you to everyone who submitted their nominations and well done to all of this year’s finalists.
“I hope everyone can join us in Sydney to celebrate on the night and recognise everybody’s achievements in the industry this year.
“After two virtual award ceremonies, it will be a great chance to celebrate and network with the great and good of fund management.”
Simon Wu, Head of Distribution at Quest Asset Partners, said that the team were humbled and pleased to be recognised as a finalist in the 35th Annual Fund Manager of The Year Awards 2023.
May 18, 2023
From humble beginnings in April 2020, the Quest Long Short Australian Equities Fund recently surpassed $100 million in FUM and established an all-important three-year track record.
The Fund returned 20.3% p.a net of fees since inception to 31 May 2023, 770bps ahead of the S&P/ASX 200 Accumulation Index return of 12.6% p.a. Fund performance has been driven by a broad range of long and short positions across the large, mid and small cap universe.
The Quest Asset Partners team would like to thank our loyal supporters who have backed the Fund over the past few years. We remain excited about the outlook and believe that equity market conditions are highly suited to actively managed long short strategies.
May 1, 2023
The Quest X20 Australian Equities Fund (ETL7425AU) is now available to Financial Advisers on the MyNorth Super, Pension and IDPS Menus.
March 3, 2023
"We hold a positive view of Quest's longstanding investment process and experienced investment team. Overall, we believe the Fund is well placed to deliver upon its objectives."
Process & Methodology - Zenith Investment Partners (zenithpartners.com.au)
January 19, 2023
The Quest Concentrated Australian Equities strategy has ranked 2nd over 5 years in the Australian Equity Blend category of the Morningstar Australian Institutional Sector Survey for November 2022.
Quest returned 12.2% pa over 5 years gross of fees, significantly outperforming the Morningstar Australia GR AUD Index return of 8.7% pa over 5 years.
January 1, 2023
The Quest HC 10 stock return of 15.5% post fees for the calendar year was well ahead of the market return of minus 1.8%. The performance has been driven by investments in mining businesses with emphasis on the lithium sector. The portfolio also has investments in uranium and gold. At the end of December, the resources weight was 48% of the portfolio with industrials at 25%, the balance being cash.
The Quarterly Report for the portfolio can be found at www.questap.com.au
November 28, 2022
Click "Find out more" to the read the article "Long-short funds – why you don’t have to lose in a bear market" by Eddy Sunarto featured in The Australian and Stockhead, 28 November 2022
October 25, 2022
"Lonsec considers Portfolio Manager Richard Dixon to be well-experienced and knowledgeable in managing long/short strategies. The strategy is based on a long standing investment process, supported by a stable and collegiate investment team."
October 25, 2022
"The investment team possess a long-standing working relationship, and during this time have accomplished a consistent and impressive track record."
October 25, 2022
"The Model Portfolio has achieved notable outperformance relative to the Benchmark across all timeframes."
October 17, 2022
The Quest Concentrated Australian Equities strategy has ranked 2nd over 3 years in the Australian Equity Blend category of the Morningstar Australian Institutional Sector Survey for August 2022.
Quest returned 12.6% pa over 3 years gross of fees, significantly outperforming the Morningstar Australia GR AUD Index return of 6.2% pa over 3 years.
August 29, 2022
The Quest X20 Australian Equities Fund (ETL7425AU) is now available to Financial Advisers on the HUB24 Investment Choice and Super Choice Menus.
August 11, 2022
The Quest X20 Australian Equities Fund (ETL7425AU) is now available to Financial Advisers on the Netwealth platform. For assistance in setting up the Fund on a private menu, please contact Simon Wu on 02 9409 2308.
August 5, 2022
The Quest Concentrated Australian Equities strategy has ranked 3rd over 3 years and 2nd over 5 years in the Australian Equity Blend category of the Morningstar Australian Institutional Sector Survey for June 2022.
Quest returned 10.0% pa over 3 years and 11.0% pa over 5 years gross of fees, significantly outperforming the Morningstar Australia GR AUD Index returns of 4.0% pa over 3 years and 7.3% pa over 5 years.
July 12, 2022
The Quest Concentrated composite portfolio has finished well ahead of the S&P/ASX300 benchmark again in 2022.
The composite portfolio carries a maximum of 35 stocks with a 3 year tracking error of 4.7.
The pre fees result of -1% is ahead of the -6.8% by a hefty 580 bp.
July 5, 2022
The Quest Concentrated Australian Equities strategy has ranked 2nd over 3 years and 3rd over 5 years in the Australian Equity Blend category of the Morningstar Australian Institutional Sector Survey for May 2022.
Quest returned 14.3% pa over 3 years and 13.4% pa over 5 years gross of fees, comfortably outpacing the Morningstar Australia GR AUD Index returns of 8.6% pa over 3 years and 9.4% pa over 5 years.
June 23, 2022
Read the article “Why this fundie cashed in his Magellan short” by Alex Gluyas, The Australian Financial Review, 23 June 2022
June 23, 2022
"Zenith draws comfort from the solid underlying track record of the Portfolio Manager. Furthermore, we believe Quest employs a repeatable investment process, placing the Fund in a strong position to deliver upon its objectives."
"With over 26 years of investment experience, Richard Dixon is ultimately responsible for the Fund. Prior to joining Quest in February 2020, Dixon was the lead portfolio manager of an active extension long/short strategy at Antares Equities for 12 years, generating a solid performance track record. Zenith believes Dixon possesses the requisite experience and expertise to successfully manage the Fund."
Process & Methodology - Zenith Investment Partners (zenithpartners.com.au)
May 23, 2022
Director and Portfolio Manager, Michael Evans, discusses the events that have impacted the Australian equity market and how Quest has positioned portfolios against a backdrop of rising global risks.
May 5, 2022
Allkem Limited, previously Orocobre Limited, is one of three lithium producers in the Quest portfolio that have delivered excellent returns.
Our first purchase was in October 2012, nearly 10 years ago. At that time, Orocobre was trading at $1.70 per share and was capitalised at $200 million. Allkem now trades at $12.50 per share and is capitalised at $7.9 billion.
While it has been an eventful journey for investors, this investment has tapped into the reshaping of global battery technology providing our team with both financial gain and a lot of insight along the way
April 29, 2022
The Quest Long Short Australian Equities Fund has ranked 3rd out of 147 funds and was the top ranked long/short fund in what was a “torrid 12 month period” according to Mercer.
The Quest Long Short Fund return over 12 months to the end of March 2022 was 27.7% after fees which was well ahead of the benchmark gain of 15%. The since inception net return is 79.8% over 23 months.
The Fund will establish a two year record at the end of April 2022. The Fund is managed by Richard Dixon who has over 20 years of experience managing Australian equity long/short funds.
February 24, 2022
"With over 25 years of investment experience, Troy Cairns is ultimately responsible for the Fund. Cairns has been the lead portfolio manager of the strategy since inception, producing highly attractive absolute and relative returns."
Process & Methodology - Zenith Investment Partners (zenithpartners.com.au)
January 24, 2022
Quest have sold our holding in Sydney Airport. Sydney is to be privatised under a Scheme of Arrangement at a cash price of $8.75. The buyer is Sydney Aviation Alliance Pty. Ltd, a consortium including IFM Investors and Global Infrastructure Partners.
This is a significant deal valued in total at $23.6 billion. Our holding has been sold on market slightly below the bid price rather than awaiting formal deal close in March 2022. Sydney will be replaced in the S&P/ASX300 by biotech Telix Pharmaceuticals on 10th February 2022.
December 2, 2021
Quest Asset Partners have signed Simon Wu to join as Head of Distribution in January 2022. Simon is an experienced asset management professional having worked previously at Cooper Investors, Aberdeen Standard Investments and Antares Capital.
Simon will be responsible for growing Quest's specialist Australian equities capabilities across wealth management, wholesale HNW and institutional clients.
November 30, 2021
The Quest Long Short unit trust has now reached the $50 million milestone after receiving strong support from advisers. The Fund has grown from $14 million at the end of June 2021. Performance has been spectacular with a total after fees return of 73% in the 18 months since inception in May 2020. The Quest Long Short is available on a range of platforms including BT, Macquarie, Hub24 and Mason Stevens. Equity Trustees act as Responsible Entity for the Long Short Fund.
November 29, 2021
The Quest Concentrated and Ex20 Australian Equities SMAs are now available on the MyNorth platform in response to rapidly growing adviser demand for managed portfolios.
June 17, 2021
"With over 25 years of investment experience, Richard Dixon is ultimately responsible for the Fund. Prior to joining Quest in February 2020, Dixon was at Antares Equities where he was the lead for an active extension long/short strategy for 12 years, generating a solid performance track record. Zenith considers Dixon to possess the requisite experience and expertise to successfully manage the Fund."
Process & Methodology - Zenith Investment Partners (zenithpartners.com.au)
April 29, 2021
Read the article “Strategy behind winning long short fund” by Tony Boyd, The Australian Financial Review, 14 January 2021
November 19, 2020
Read the article “Quest: the quiet achievers of the Australian equities market” By Jonathan Shapiro, The Australian Financial Review, 9 November 2020
February 23, 2018
Director and Portfolio Manager, Troy Cairns, discussing the Merck acquisition of Viralytics for $502M. The deal represents a 160 per cent premium to the average stock price over the past month. Quest Asset Partners initiated the position in Viralytics in 2014.
Suite 807, 6A Glen Street
Milsons Point NSW 2061 Australia
T: 02 9409 2333
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