Cuffe's philanthropic fund delivers solid results in first year
|
|
Chris Cuffe has delivered a performance report for the Third Link Growth Fund after its first year, with the fund outperforming the relevant index by more than 17 per cent.
Over the one year since inception the Third Link Growth Fund has delivered a result of negative 13.5 per cent, compared to a return of negative 30.6 per cent for the All Ordinaries Accumulation Index. Over the last three months the index outperformed the fund by 2.7 per cent, but over the past month the fund has clawed back those losses to return 3.3 per cent to the index’s 2.2 per cent. Over six months Cuffe’s fund returned more than 11 per cent, compared to the index’s return of 6.5 per cent.
Cuffe established the fund last year to provide an income stream for Social Ventures Australia, a not-for-profit organisation. At the end of May this year the fund had received investor inflows of close to $28 million.
AUTHOR
Recommended for you
AFCA has revealed to Money Management the number of Dixon Advisory complaints it has closed so far out of the more than 2,700 total complaints received.
The Financial Advice Association Australia is launching a new brand awareness campaign that includes promoting the advice profession as an attractive option for career changers.
Half of financial advisers and wealth managers in Asia-Pacific plan to increase their clients’ exposure to private equity and multiprivate asset solutions, according to a survey by Schroders.
The former Iress chief executive has joined an NSW advice firm, Profile Financial Services, as an independent non-executive director.
