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.

Victor Smorgon Partners Global Equities Fund uses the Reserve Bank of Australia Cash Rate plus 2.00% per annum as the benchmark applicable to its performance fee. The Fund seeks long-term capital growth through a concentrated portfolio of global listed equities aligned with high-conviction, long-term thematic opportunities. It is a long-only strategy and does not use leverage or short selling. The portfolio generally holds 25-40 securities across developed and emerging markets and is diversified by geography, sector and market capitalisation, with a maximum 15% allocation to a single security at acquisition. The investment process is discretionary and fundamental, beginning with research and network-driven identification of enduring macroeconomic and structural themes. The manager then develops investment ideas, tests catalysts and counter-cases, and conducts bottom-up company analysis focused on free cash flow, operating margins, balance-sheet strength, downside protection and clearly defined risks. Portfolio positions are established according to conviction, valuation and risk considerations and are actively monitored. Derivatives may be used solely for hedging currency or market exposures.