DRAFT
Fund Review
Victor Smorgon Partners Global Multi-Strategy Fund
Performance as at Aug 2026
Victor Smorgon Partners is an Australian investment manager located in South Yarra, Victoria, operating as an authorised representative of Como Services. The company manages the Victor Smorgon Partners Resources Gold Fund and leverages the Victor Smorgon Group's extensive history of investing in resources and gold-related assets. Their investment methodology is fundamental and research-based, targeting domestic and global companies. Its gold-sector experience involves Stawell Gold Mines, gold bullion at the Perth Mint, and junior listed explorers.
| 1 Year | 3 Years3 | 5 Years3 | 7 Years3 | Inception3,4 | ||
| Total Return | Fund | 25.56% | 17.87% | 19.35% | 30.51% | 32.97% |
| Peer Group1 | 6.86% | 8.50% | 5.37% | 6.73% | 7.50% | |
| Index2 | 9.75% | 15.63% | 10.90% | 12.73% | 14.14% | |
| Volatility | Fund | 16.60% | 11.81% | 14.20% | 16.91% | 18.02% |
| Peer Group1 | 5.60% | 5.06% | 5.40% | 6.31% | 6.14% | |
| Index2 | 12.17% | 10.63% | 11.08% | 11.08% | 11.15% | |
| 1Multi-Sector, 2All Countries World Index (AUD), 3Annualised, 4May 2022 | ||||||
Strategy Description
The Victor Smorgon Partners Global Multi-Strategy Fund, launched in May 2022, allows investment in long-term themes and strategies of the Victor Smorgon Group. It adopts a contrarian and absolute return approach by investing in uncorrelated themes such as gold, decarbonisation, and automation, and positions for key market risks. The Fund prioritises companies with strong fundamentals and free cash flow.Cumulative Performance
Core Details |
PG = Peergroup Average | ||
| APIR: | GCL4545AU | Status: | Soft closed |
| Peer Group: | Multi-Sector | Inception Date: | May 2022 |
| Strategy: | Multi Strategy | Style: | N/A |
| Geography: | Global | Domicile: | Australia |
| Investors: | Wholesale | Distributions: | Annually |
| Fund Size: | Undisclosed | Manager FUM: | Undisclosed |
| Applications: | Monthly, Initial: AU$ 100,000 | Redemptions: | Monthly |
| Management Fee: | 1.00% (PG avg: 0.94%) | Performance Fee: | 20.00% (PG avg: 4.41%) |
| Buy/Sell Spread: | 0.3%/0.3% (PG avg: 0.12%/0.11%) | Hurdle: | 8% p.a. |
| Early Redemption Fee | No | High Water Mark: | Yes |
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Victor Smorgon Partners Global Multi-Strategy Fund
Performance vs Multi-Sector and All Countries World Index (AUD)
Since Jan 2019, the Fund has returned 32.97% p.a. vs the Peer Group's return over the same period of 7.5%. Over the past 12 months, the Fund has returned 25.56% vs the Peer Group's 6.86%. For the 3, 5 and 7 year periods, the Fund has returned 17.87%, 19.35% and 30.51% respectively vs the Peer Group's returns of 8.5%, 5.37% and 6.73% respectively. Since Jan 2019, the Fund's returns have been delivered with a volatility of 18.02% p.a. vs the Peer Group's 6.14%.
Only seven years of data shown. Click here to view all data.
| 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 | NA | NA | NA | NA | 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 |
Notes:
Returns prior to and including April 2022 represent the performance of the portfolio before the inception of the fund.
| 1 Year | 3 Years | 5 Years | 7 Years | Inception | ||
| Total Return | Fund | 25.56% | 17.87% | 19.35% | 30.51% | 32.97% |
| Peer Group | 6.86% | 8.50% | 5.37% | 6.73% | 7.50% | |
| Index2 | 9.75% | 15.63% | 10.90% | 12.73% | 14.14% | |
| Volatility | Fund | 16.60% | 11.81% | 14.20% | 16.91% | 18.02% |
| Peer Group | 5.60% | 5.06% | 5.40% | 6.31% | 6.14% | |
| Index | 12.17% | 10.63% | 11.08% | 11.08% | 11.15% | |
| Sharpe | Fund | 1.23 | 1.11 | 1.10 | 1.52 | 1.55 |
| Peer Group | 0.52 | 0.84 | 0.42 | 0.69 | 0.84 | |
| Index | 0.51 | 1.05 | 0.71 | 0.93 | 1.05 | |
| Sortino | Fund | 1.70 | 1.69 | 1.84 | 3.01 | 3.39 |
| Peer Group | 0.61 | 1.19 | 0.54 | 0.91 | 1.14 | |
| Index | 0.67 | 1.64 | 1.05 | 1.40 | 1.62 | |
| Largest Drawdown | Fund | -10.88% | -10.88% | -10.88% | -17.58% | -17.58% |
| Peer Group | -4.04% | -4.04% | -7.61% | -10.68% | -10.68% | |
| Index | -9.70% | -9.70% | -16.02% | -16.02% | -16.02% |
Return in Index's 10 Best & 10 Worst Months %
Return in Index's 10 Best & 10 Worst Months %
Annualised Return vs Standard Deviation
Victor Smorgon Partners Global Multi-Strategy Fund - Annualised Return vs. Standard Deviation
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Victor Smorgon Partners Global Multi-Strategy Fund
Annual Returns
Annual Returns %
Drawdown
Drawdown%
Service Providers
| Trustee/RE: | Como Services Pty LTd |
| Custodian: | Northern Trust |
| Administrator: | Unity Fund Services |
| Auditor: | Earnst & Young |
| Legal: | DLA Piper |
| Prime Broker: | N/A |
Available on Investment Platforms
HUB24, Macquarie Wrap, Mason Stevens, Netwealth, Praemium
Key Staff
About AFM's Fund Reviews and Star Ratings
AFM's proprietary Star Rating system provides a quantitative ranking of performance and risk of funds in its peer group relative to similar funds. Funds must have a minimum 1 year track record.
Star Ratings for Performance reflects annualised return. Risk is a combination of downside deviation, maximum drawdown and longest drawdown, which are allocated in reverse.
| AFM Star Rating | Relative performance band compared to funds in the same Peer Group |
|---|---|
| ★ ★ ★ ★ ★ | Premium: The fund is in the top 10% of all funds in its peer group. |
| ★ ★ ★ ★ ☆ | Top Quartile: The fund ranges between 75 and 90% of all funds in its peer group. |
| ★ ★ ★ ☆ ☆ | Second Quartile: The fund ranges between 50 and 75% of all funds in its peer group. |
| ★ ★ ☆ ☆ ☆ | Third Quartile: The fund ranges between 25 and 50% of all funds in its peer group. |
| ★ ☆ ☆ ☆ ☆ | Fourth Quartile: The fund is in the lowest 25% of all funds in its peer group. |
All performances, rankings and Star Ratings are updated monthly. Past performance does not guarantee future performance.
Copyright
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Disclaimer
The information in this report, including financial returns, strategies, and other content (collectively referred to as "Content") has been prepared and issued by Australian Fund Monitors Pty Limited (A.C.N. 122 226 724, AFSL 324476) otherwise referred to as AFM. The information and content herein is designed for holders of an Australian Financial Services Licence or for Wholesale or Sophisticated investors, and does not constitute personal financial advice, and is for general information purposes only. Users of this report or any Content of AFM's websites (the "Websites") should not act or make any financial decision without first seeking professional advice. Whilst the Content has been prepared with all reasonable care from sources which we believe are reliable, no responsibility or liability is accepted by AFM for any errors or omissions or misstatements contained herein.