Quest turns One!

?????????????????????????????????????????It is already one year since the opening in August 2004 of our office in Milson’s Point.

With the ASIC licensing requirements finalized in late 2004, Quest commenced management for our initial clients in January 2005. Clients have had a good year so far with Quest’s portfolio comfortably exceeding the returns from a strong market.

During the year, Quest has been awarded mandates by Intech, Russell and Westpac Staff Superanuation. At the time of writing our Funds under Management (FUM) exceed $200 million.

The Quest portfolio has done well in the current market conditions, particularly from three sectors. Healthcare, resources and commercial services sectors have all delivered good returns. These three sectors have been as high as 60% of client portfolios during the year.

Specifically, strong performances have been delivered by Cochlear, Sonic Healthcare and Vision Group in healthcare. Worley Parsons and United Group have excelled in Commercial Services while Ballarat Gold, BHP, Excel Coal and RIO have been good resource earners.

Quest returns for nine months to the end of September are more than 22%.