MHOR Asset Management

19/01/2017

MHOR Managed Fund returns +5.14% for December 2016

We are pleased to report the Fund returned +5.14% for the month of December against the benchmark, which was up 3.61%. This resulted in an outperformance relative to the market of 1.53%. Since inception in August 2016, the Fund has outperformed the market by 5.10%, returning an absolute +2.59% compared to the benchmark which is down -2.51%.

We entered December with 34 stocks (including 1 unlisted) and just 1.4% cash as we were looking to take advantage of the post Trump rally as much as we could. In December we changed tack, with the later part spent preparing the fund for the upcoming earnings season, steadily de-risking the portfolio into market strength, raising cash that we hope to put to work following the clarity that comes from earnings reports due mid to late February. Our plan for earnings season - avoid unnecessary risk, move quickly where we see opportunity and getting set early in the stocks we like. The benefits of being small and nimble!

We exited December with 33 stocks and 11.2% cash.

If you would like to invest please visit the how to invest page

http://www.mhor.com.au/how-to-invest/

To read the full report follow the link below ...

http://www.mhor.com.au/reports/2016/MHOR_Performance_Report_December_2016.pdf

09/01/2017

MHOR's James Spenceley provides the Australian Financial Review his best long and short idea for 2017.

Small caps have been rich pickings for investors wise enough to avoid blow-ups.

29/12/2016

Business Insider profile of James Spenceley's MHOR Australian Small Cap Managed Fund

http://www.businessinsider.com.au/vocus-founder-james-spenceley-is-cashed-up-and-looking-for-new-businesses-to-invest-in-2016-8

James Spenceley, the telecommunications industry veteran, is bringing to a managed fund his knack of buying value companies, a skill he developed as founder and CEO of Vocus.

23/12/2016

Australian Financial Review writes about the launch of MHOR Asset Management

Following Vocus’ $3.8 billion merger with M2 Group in February, Mr Spenceley stepped back from his role as chief executive, handing the reins to M2 boss Geoff Horth and taking up a part-time role as executive director.

14/12/2016