The influential 17th With Intelligence HFM Asian Performance Award ceremony for 2022 was held in Singapore on 30 November. Winning managers were selected from a variety of categories, including Arbitrage, Macro, Australian Equity, Asia ex-Japan, Managed Futures, Indian Equity, Chinese Equity, Global Equity, Fixed Income and High Yield Distressed Category.

The awards are the most important and influential hedge fund awards in the calendar, with the best-performing funds all vying for industry-wide recognition. 

Nominees and winners are determined objectively, using a combination of Sharpe ratios and absolute returns. This quantitative approach ensures the awards reflect the two primary aims of funds – to manage volatility and to deliver positive returns for investors.

In the Fixed Income, High Yield and Distressed category, the 2022 winner was… wait for it… the Australian-based Aura High Yield SME Fund! 

Available to wholesale investors through Montgomery Investment Management, we are absolutely delighted for Brett Craig and his team at Aura Credit Holdings, and of course for our investors in the Aura High Yield SME Fund, who have enjoyed the benefits of the Fund’s performance to date. 

The Aura High Yield SME Fund (the Fund) is an open-ended unlisted fund that invests in online (non-bank) lenders specialising in providing finance to small-to-medium businesses (SME) in Australia.

The Fund offers monthly income, targeting 9 per cent to 12 per cent per annum returns (net of management fees) with a low level of expected capital loss, provided that the Australian economy does not slow significantly. The Fund’s investments are backed by diversified pools of SME loans.

The Fund offers access to an attractive investment on a risk-return basis that captures the higher interest rate premium of SME loans.

The team at Aura Credit Holdings also manage the recently released Aura Core Income Fund, which is available to retail investors from $25,000 initial investment. The Aura Core Income Fundhas a similar but not identical strategy to that of the Aura High Yield SME Fund. 

If you would like to learn more about the Aura Core Income Fund, please visit the fund’s web page to learn more:  Aura Core Income Fund

If you would like to learn more about the Aura High Yield SME Fund (wholesale clients only), please visit the fund’s web page to learn more: Aura High Yield SME Fund

You should read the relevant Product Disclosure Statement (PDS) or Information Memorandum (IM) before deciding to acquire any investment products.

Past performance is not an indicator of future performance. Returns are not guaranteed and so the value of an investment may rise or fall.

This information is provided by Montgomery Investment Management Pty Ltd (ACN 139 161 701 | AFSL 354564) (Montgomery) as authorised distributor of the Aura Core Income Fund (ARSN 658 462 652) (Fund). As authorised distributor, Montgomery is entitled to earn distribution fees paid by the investment manager and, subject to certain conditions being met, may be issued equity in the investment manager or entities associated with the investment manager.

The Aura Core Income Fund (ARSN 658 462 652)(Fund) is issued by One Managed Investment Funds Limited (ACN 117 400 987 | AFSL 297042) (OMIFL) as responsible entity for the Fund. Aura Credit Holdings Pty Ltd (ACN 656 261 200) (ACH) is the investment manager of the Fund and operates as a Corporate Authorised Representative (CAR 1297296) of Aura Capital Pty Ltd (ACN 143 700 887 | AFSL 366230). 

You should obtain and carefully consider the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the Aura Core Income Fund before making any decision about whether to acquire or continue to hold an interest in the Fund. Applications for units in the Fund can only be made through a valid paper or online application form accompanying the PDS. The PDS, TMD, continuous disclosure notices and relevant application form may be obtained from www.oneinvestment.com.au/auracoreincomefund or from Montgomery.

The Aura High Yield SME Fund is an unregistered managed investment scheme for wholesale clients only and is issued under an Information Memorandum by Aura Funds Management Pty Ltd (ABN 96 607 158 814, Authorised Representative No. 1233893 of Aura Capital Pty Ltd AFSL No. 366 230, ABN 48 143 700 887).

Any financial product advice given is of a general nature only. The information has been provided without taking into account the investment objectives, financial situation or needs of any particular investor. Therefore, before acting on the information contained in this report you should seek professional advice and consider whether the information is appropriate in light of your objectives, financial situation and needs.  

Montgomery, ACH and OMIFL do not guarantee the performance of the Fund, the repayment of any capital or any rate of return. Investing in any financial product is subject to investment risk including possible loss. Past performance is not a reliable indicator of future performance. Information in this report may be based on information provided by third parties that may not have been verified.