Seven years of outperformance: OC
It is the seventh consecutive year that OC Funds Management’s flagship fund, OC Premium Small Companies, has outperformed both the S&P/ASX Small Industrials Accumulation and S&P/ASX Small Ordinaries Accumulation Indices. For seven years to the end of June 2016, the Fund delivered investors a credible 18.0% per annum and outperformed the indices by 13.5% p.a. and 7.7% p.a., respectively.
During this time, the investment team, comprising Robert Frost, Stephen Evans and Robert Calnon, has remained unchanged with all three team members continuing to be committed equity holders in the business providing strong alignment of interest with investors.
“We are pleased to have delivered investors solid long-term returns. The Fund’s strong relative and absolute outperformance can be largely attributed to our focus on risk management which has helped us avoid many of the stock-specific downgrades that have plagued the market in recent years. In addition, we have been quick to cut positions that have disappointed us either from an earnings perspective or where any of our key assumptions surrounding the stock have proven to be unsound,” said Robert Frost, Head of Investments at OC.
“We are optimistic about the companies currently in our portfolios for the coming financial year. As always, we’d like to thank our investors for their ongoing support.”
“This is an outstanding achievement by OC and testament to their small-cap investment management expertise. This sentiment was also reflected by Lonsec earlier in the year in their ‘Highly Recommended’ rating of OC’s funds,” commented Sam Baillieu, Chief Executive Officer at Copia Investment Partners.
For the financial year to 30 June 2016, the Fund returned 15.7%.