| Fund Type: | Single | Discretionary/Quantitative: | Discretionary |
| Strategy: | Multi Strategy | This Funds FUM (millions): | |
| Style: | N/A | Fund Inception Date: | Since 01 May 2022 |
| Geographic Mandate: | Global | Latest Return Date: | August 2026 |
| Fund Domicile: | Australia | Investor Type: | Wholesale |
| Status: | Soft closed | Reporting Status: | Current |
| Manager: | Victor Smorgon Partners | Total FUM for all funds: | |
|
Manager Overview:
Victor Smorgon Partners is an Australian investment manager based in South Yarra, Victoria, and is an authorised representative of Como Services. The firm manages the Victor Smorgon Partners Resources Gold Fund and draws on the Victor Smorgon Group's history of investing in resources and gold-related assets. Peter Edwards and David Leeton are co-founders of Victor Smorgon Partners. The investment team includes portfolio manager Cameron Judd, who has more than 20 years' experience in the resources sector across engineering, mining analysis, mining private equity and investment management. The manager describes its investment style as fundamental and research-based, focusing on domestic and global companies with management quality, value and above-average growth potential, alongside an assessment of overall market conditions. Its stated gold-sector experience includes ownership and operation of Stawell Gold Mines, holding gold bullion at the Perth Mint and investing in junior listed explorers and other gold-related investments. |
Fund/Strategy Overview:
Victor Smorgon Partners Global Multi-Strategy Fund was launched in May 2022, providing investors with the opportunity to invest with the Victor Smorgon Group within long-term themes and strategies.
The Fund takes on a contrarian and absolute return focus, investing in uncorrelated themes including gold, decarbonisation, and automation, positions for key market risks, and focuses on companies with strong fundamentals and free cash flow. |
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| Other funds operated by manager: | |||
| Victor Smorgon Partners Global Equities Fund, Victor Smorgon Partners Resources Gold Fund | |||
| Minimum Investment: | Minimum Additional Investment: | Minimum Term: | Investment Frequency: |
| AU$100,000 | AU$10,000 | Monthly | |
| Regular Savings Option: | Regular Savings Min. Amount: |
Regular Savings Max. Amount: |
Regular Savings Freq.: |
| No | N/A | ||
| Redemption Notice: | Redemption Frequency: | Notes: | |
| 5 Days | Monthly |
||
| Distributions: | Distribution Frequency: | Last Distribution Date: | Last Distribution Amount: |
| Yes | Annually | 30 June 2026 | AU$0 |
| Offshore/Onshore: | Fund Structure: | Share Classes: |
Trustee/Responsible Entity: |
| Onshore | Unit Trust | AU$ | Como Services Pty LTd |
| Administrator: | Prime Broker: | Custodian: | Legal: |
| Unity Fund Services | N/A | Northern Trust | DLA Piper |
| Management Fee: |
Performance Fee: |
High Water Mark: |
Hurdle: |
| 1% | 20% | Yes | 8% p.a. |
| Buy Spread: | Sell spread: | Early Redemption Fee: | Fees Notes: |
| 0.300% | 0.300% | No |
| Latest Return Date: | Latest Result: | Fund Inception Date: | Annualised Return: |
| August 2026 | 7.00% | 01 May 2022 | 32.97% |
| Latest 3 Months: | Latest 6 Months: | Latest 12 Months: | Latest 2 Years p.a.: |
| 1.52% | -4.65% | 25.56% | 21.80% |
| Latest 3 Years p.a.: |
Latest 4 Years p.a.: |
Latest 5 Years p.a.: |
Latest 7 Years p.a.: |
| 17.87% | 16.58% | 19.35% | 30.51% |
| % Positive Months (S.I.): |
Average Return: | Average +ve Return: | Average -ve Return: |
| 70.65% | 2.53% | 4.81% | -2.95% |
| Best Month: | Worst Month: | Up Capture Ratio (S.I.): |
Down Capture Ratio (S.I.): |
| 22.20% | -9.76% | 114.70% | -51.37% |
| Largest Drawdown (S.I.): |
Longest Drawdown (S.I.): |
Current Drawdown (%): |
Current Drawdown (Months): |
| -17.58% | 11 months | -4.65% | 6 months |
| Annualised Standard Deviation (S.I.): |
Downside Deviation (S.I.): |
Sortino Ratio (S.I.): |
- |
| 18.02% | 7.84% | 3.39 | - |
| Sharpe Ratio (12 months): |
Sharpe Ratio (3 years): |
Sharpe Ratio (5 years): |
Sharpe Ratio (S.I.): |
| 1.23 | 1.11 | 1.10 | 1.55 |
| Please note, Sharpe and Sortino ratios are calculated using the Australian Risk Free Rate | |||
AFM's Quintile Rankings show performance and Key Performance Indicators (KPI's) of Victor Smorgon Partners Global Multi-Strategy Fund compared to a peer group of funds with a similar strategy and geographic mandate. Each green square places a fund in one quintile (or 20%) of its peer group - five indicating that the fund is in the top (best) quintile for the corresponding KPI.
As a reference point the equivalent "quintile" performance of the peer group's underlying market index is also indicated by the red dot.
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Historical Performance (all figures shown here are net of fees unless otherwise stated)
| Year | Jan % | Feb % | Mar % | Apr % | May % | Jun % | Jul % | Aug % | Sep % | Oct % | Nov % | Dec % | YTD % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.14 | 5.44 | -9.76 | 1.84 | 2.20 | -4.40 | -0.75 | 7.00 | N/R | N/R | N/R | N/R | 4.70 |
| 2025 | 2.61 | -1.11 | -0.52 | -0.60 | 6.67 | 0.48 | 1.84 | 4.45 | 8.40 | 3.54 | 3.74 | 2.99 | 37.18 |
| 2024 | 0.62 | 0.58 | 5.22 | 2.82 | 1.81 | -3.86 | 2.34 | -3.00 | 3.47 | 0.96 | 0.76 | -1.88 | 9.87 |
| 2023 | 4.02 | -5.59 | 3.22 | 3.48 | -4.01 | 4.84 | 2.09 | 5.65 | 0.10 | 2.17 | 0.91 | 0.56 | 18.16 |
| 2022 | -7.00 | 7.60 | 11.50 | 1.40 | -0.03 | -5.42 | 1.47 | 0.87 | -4.20 | -1.00 | 3.19 | 1.20 | 8.44 |
| 2021 | 3.30 | 10.90 | 9.40 | 7.40 | 3.60 | -2.80 | 3.90 | 11.00 | -0.70 | 13.90 | 1.90 | 3.90 | 87.19 |
| 2020 | -2.00 | -7.30 | -9.00 | 12.60 | 9.50 | 0.30 | 10.20 | 5.90 | -0.70 | 11.40 | 4.80 | 10.30 | 52.56 |
| 2019 | -0.10 | 1.30 | -1.70 | 1.60 | 2.00 | 22.20 | -0.80 | 10.30 | 9.10 | -1.10 | 3.80 | -0.30 | 53.92 |
Historical Financial Year Performance (all figures shown here are are percentage per month net of fees unless otherwise stated)
| Year | Jul % | Aug % | Sep % | Oct % | Nov % | Dec % | Jan % | Feb % | Mar % | Apr % | May % | Jun % | FYTD % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026/2027 | -0.75 | 7.00 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 6.20 |
| 2025/2026 | 1.84 | 4.45 | 8.40 | 3.54 | 3.74 | 2.99 | 4.14 | 5.44 | -9.76 | 1.84 | 2.20 | -4.40 | 25.76 |
| 2024/2025 | 2.34 | -3.00 | 3.47 | 0.96 | 0.76 | -1.88 | 2.61 | -1.11 | -0.52 | -0.60 | 6.67 | 0.48 | 10.26 |
| 2023/2024 | 2.09 | 5.65 | 0.10 | 2.17 | 0.91 | 0.56 | 0.62 | 0.58 | 5.22 | 2.82 | 1.81 | -3.86 | 19.96 |
| 2022/2023 | 1.47 | 0.87 | -4.20 | -1.00 | 3.19 | 1.20 | 4.02 | -5.59 | 3.22 | 3.48 | -4.01 | 4.84 | 7.01 |
| 2021/2022 | 3.90 | 11.00 | -0.70 | 13.90 | 1.90 | 3.90 | -7.00 | 7.60 | 11.50 | 1.40 | -0.03 | -5.42 | 47.73 |
| 2020/2021 | 10.20 | 5.90 | -0.70 | 11.40 | 4.80 | 10.30 | 3.30 | 10.90 | 9.40 | 7.40 | 3.60 | -2.80 | 102.27 |
| 2019/2020 | -0.80 | 10.30 | 9.10 | -1.10 | 3.80 | -0.30 | -2.00 | -7.30 | -9.00 | 12.60 | 9.50 | 0.30 | 24.91 |
| 2018/2019 | N/A | N/A | N/A | N/A | N/A | N/A | -0.10 | 1.30 | -1.70 | 1.60 | 2.00 | 22.20 | 25.98 |
