Fact Sheet - Performance as at Aug 2026
Victor Smorgon Partners Resources Gold Fund
Fact Sheet
Performance as at Aug 2026

Manager Summary

Victor Smorgon Partners is an Australian investment manager based in South Yarra, Victoria, and an authorised representative of Como Services. Co-founded by Peter Edwards and David Leeton, the firm manages the Victor Smorgon Partners Resources Gold Fund and draws on the Victor Smorgon Group's experience in gold and resources. Its investment approach is fundamental and research-based, with a focus on management quality, value, growth potential and overall market conditions. Portfolio manager Cameron Judd has more than 20 years' resources-sector experience.

Strategy Summary

Victor Smorgon Partners Resources Gold Fund uses a discretionary, fundamental long/short strategy focused on Australian and globally listed gold and precious-metal companies across the mine-life cycle, primarily in Tier 1 jurisdictions. It can also hold physical precious metals, precious-metal ETFs, royalties and streaming assets. The manager assesses management quality, value, growth potential and market conditions, may short securities or use gold derivatives for risk management, and can hedge foreign-currency exposure.

Key Terms

Status: Open Inception Date: May 2020
Strategy: Equity Long/Short Style: Blend
Geography: Australia/Global Domicile: Australia
Investors: Wholesale Min. Investment: AU$ 100,000
Distributions: Annually Applications: Monthly
Fund Size: Undisclosed Management Fee: 1.00%
Manager FUM: Undisclosed Performance Fee: 20.00%

Key Statistics

Fund Index* Fund Index*
Aug 2026: 26.00% 0.69% Sharpe1: 0.73 1.08
1 Year: 42.17% 9.75% Sortino1: 0.99 1.76
3 Years2: 48.35% 15.63% Best Month1: 26.00% 7.49%
5 Years2: 29.30% 10.90% Worst Month1: -24.30% -7.18%
Inception1,2: 21.95% 14.14% Volatility1,2: 30.09% 10.51%
Up-Capture1: 74% N/A Down-Capture1: -8% N/A
*All Countries World Index (AUD),   1Since May 2020,   2Annualised

Cumulative Returns
Fund Index

Victor Smorgon Partners Resources Gold Fund - Cumulative Performance vs All Countries World Index (AUD)

 

Drawdowns
Fund Index

Drawdown%

 
Fund Index

Quintile Ranking vs. Equity Alternative - Global Peer Group (100 funds) as at July 2026

1 Year
3 Year
5 Year
7 Year
Victor Smorgon Partners Resources Gold Fund
All Countries World Index (AUD)
Quintile Rankings display Key Performance Indicators (KPI's) against the fund's Peer Group. Each green square ranks the fund in one quintile (or 20%) of its peer group - five green squares indicate the fund is in the best quintile for each KPI. The performance of the peer group's underlying index is shown by a red dot.