Jencay Capital is the Manager of the Jencay Australia Investment Fund, a long only, wholesale, ungeared unit trust established in July 2011.
Over the long term, we strive to protect unit holder capital and simultaneously generate attractive risk adjusted returns through very discerning stock selection – seeking out quality stocks that are priced well below our estimated fair value (bargains). Cash will be held on deposit when bargains are not available in the market. The fund has a small cap bias in accordance with the Manager’s opinion that the majority of bargains are found among small caps. Asset allocation between equities and cash will be driven using a bottom up approach based on the opportunity set available.
No direct shorting and no gearing, with a cap on size. Straightforward and understandable.
Fund performance is included in the Quarterly reports.
The latest Information Memorandum can be found here.