Keybridge Capital and Aurora Funds Limited are pleased to announce they have today signed the Contract of Sale for the purchase by Keybridge of Aurora Funds Management Ltd (AFML). The key terms remain the same as those agreed in the terms sheet signed on 19 December 2014.
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In the following years Aurora will continue to focus its sales efforts on the financial planning community and on sourcing fund inflows from retail investors.
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Aurora is pleased to announce that from 1 July 2014 ABW will accept off market applications and redemptions daily. This process was previously monthly.
The process for making applications and redemptions can be found on our website at http://www.aurorafunds.com.au/investment-funds/absolute-return-fund/abw-listed/
Aurora Funds Limited is pleased to announce the following management changes.
Simon Lindsay, currently an Executive Director and Head of Distribution will be appointed Managing Director of the Company, following the decision of Steuart Roe to step down from the role at the next Annual General Meeting, expected to be in held in October. To ensure a smooth transition to the new arrangements Simon and Steuart will work together to fulfil the responsibilities of the role until that time.
Simon has been a Director of Aurora Funds Limited since its inception in 2003, and has extensive experience in the financial services industry in Australia.
Steuart will continue as a Director of Aurora, and the change in role will provide him with more opportunity to focus on investment management, and in particular the continued management of the Aurora Dividend Income Trust.
The Board wishes to thank Steuart for his contribution as Managing Director of Aurora over the last four years and to congratulate Simon on his appointment.
Following recent announcements of decreases in our funds under management, we are pleased to report Aurora is expected to remain profitable.
This performance is predominantly as a result of continued growth in our higher margin retail funds while the decrease in funds under management was from lower margin institutional mandates. We remain optimistic that our retail funds will continue to grow as investors seek the lower volatility returns that our funds have consistently delivered.
Click to view our actual and estimated quarterly revenue, and changes in retail funds under management.
Asset allocation is a key investor tool in the good management of large diversified portfolios. But what benefit can be extracted by asset allocation, particularly amongst traditional asset classes?
Click to read “Does Asset Allocation Work?” written by Thomas Gillespie (Head of Research).
Current market conditions and opportunities inform two main investment themes for the Aurora Fortitude Absolute Return Fund: a) low cost of protection, and b) primary issuance of hybrids is creating opportunities in short end secondary transactions.
These themes highlight the key feature of the multi-strategy management of the Aurora Fortitude Absolute Return Fund. The portfolio managers use a broad range of strategies within the portfolio for investment and to manage risk.
Click to read Market Opportunities and Portfolio Themes written by Thomas Gillespie (Head of Research).
The Aurora Dividend Income Trust (Managed Fund) is an efficient and low risk fund that invests in Australian stocks with a value bias. The Aurora Dividend Income Trust is an alternative to the Listed Investment Companies.
Aurora’s strategy produces an investment with greater and more stable excess returns compared to both Listed Investment Companies and the conventional common value signal. Aurora’s strategy has effectively similar overall risk characteristics to the other forms of active equities, albeit with a diversification from the alpha signal.
Click to read Aurora Dividend Income Trust vs Listed Investment Companies written by Thomas Gillespie (Head of Research).