Warakirri New Dimensions Fund
The Warakirri New Dimensions Fund ("WNDF") was established in 2002 and invests in seasoned Australian equities managers with concentrated, "best ideas" mandates generally unique to the fund (typically each manager will hold less than 25 stocks in their portfolio). These mandates offer a higher tolerance for tracking error and therefore allow the underlying managers to fully demonstrate their skills by choosing their highest conviction stocks with less pressure to "hug" the benchmark. These mandates are generally unique to Warakirri and as such, are not otherwise available to investors.
WNDF mandates are not diluted by stock filler positions held for the purpose of reducing risk and therefore performance may deviate significantly from the benchmark. Warakirri believes that adopting a multi-manager framework enables access to the best ideas of top Australian equities managers while significantly reducing the risk of being exposed to an individual manager or style.
The WNDF's focus is on maximising after-tax returns for accumulation phase Australian superannuation investors and the fund assumes a tax rate of 15%. Performance is measured against an after-tax benchmark based on the S&P/ASX 300 Accumulation Index.
To outperform an after-tax benchmark based on the S&P/ASX 300 Accumulation Index net of fees and tax over time.
Warakirri adds value through active management by:
- Rigorous analysis of managers and their stock portfolios;
- Constructing portfolios of managers with different styles;
- Blending managers to mitigate individual portfolio manager, single firm, or style risk; and
- Intensive ongoing monitoring – onsite discussions with each manager at least twice per quarter.
For further information, a copy of the fund's Information Memorandum or a performance summary, please contact us.