AI assistant
FUTURE GENERATION GLOBAL LIMITED — Capital/Financing Update 2015
Sep 9, 2015
64914_rns_2015-09-09_74ee9027-d636-470c-b1e8-e1c5c2edb977.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
ASX Announcement/ Media Release
10 September 2015
==> picture [176 x 92] intentionally omitted <==
Initial investment allocation
Future Generation Global Investment Company (ASX: FGG) today announces the initial investment allocation and deployment to its participating fund managers. The investment committee has determined and the Board of Directors has approved the allocation to each of the fund managers’ underlying funds.
The $302.1 million in capital raised in FGG’s initial public offering will be invested with prominent global fund managers, providing investors with exposure to global equities. The initial fund managers were selected following a rigorous selection process based on their:
-
skills and experience;
-
ability to meet FGG’s investment objectives;
-
willingness to forgo all management and performance fees;
-
investment styles and strategies; and
-
underlying fund’s asset allocation and performance.
Since the release of the prospectus, FGG has been offered fund capacity from a number of additional global fund managers seeking to join the initial fund managers. In undertaking its rigorous fund manager selection process, the investment committee has selected Marsico Capital Management to join the initial fund managers. As of August 31 2015, Marsico Capital Management managed approximately USD12.31 billion in assets.
Marsico Capital Management is a leading US based investment manager of domestic, international, and global growth equity portfolios. FGG has provided an allocation to Marsico Capital Management’s Global Fund in its initial investment allocation.
The initial investment allocation is provided in the table below:
| Fund manager | Investment | Strategy | Allocation |
|---|---|---|---|
| Magellan Asset Management Limited | Magellan Global Fund | Longequities | 9.97% |
| Ironbridge Capital Management,L.P. | Ironbridge Global Focus Fund | Longequities | 9.97% |
| Cooper Investors Pty Ltd | Cooper Investors Global Equities (Unhedged)Fund | Long equities | 8.47% |
| Marsico Capital Management,LLC | Marsico Global Fund | Longequities | 7.48% |
| Antipodes Partners | Antipodes Global Fund | Absolute bias | 7.48% |
| VGI Partners PtyLimited | VGI Partners Funds* | Absolute bias | 7.48% |
| Nikko Asset Management Australia Limited | Nikko AM Global Share Fund | Longequities | 5.98% |
| Ellerston Capital Limited | Ellerston Global Investments Wholesale Fund | Absolute bias | 4.98% |
| ManikayPartners,LLC | ManikayGlobal Opportunistic USD Fund | Absolute bias | 4.98% |
| Morphic Asset Management PtyLtd | Morphic Global Opportunities Fund | Absolute bias | 4.49% |
| Neuberger Berman Australia Pty Limited | Neuberger Berman Systematic GlobalEquities Trust | Quantitative strategies | 3.99% |
| Cooper Investors PtyLtd | Cooper Investors Asian Tiger Fund | Longequities | 3.49% |
| Paradice Investment Management PtyLtd | Paradice Global Small Mid CapFund | Longequities | 3.49% |
| Antipodes Partners | Antipodes Asia Fund | Absolute bias | 2.49% |
| Tribeca Investment Partners PtyLtd | Tribeca Global Total Return Fund | Quantitative strategies | 2.49% |
| EastspringInvestments(Singapore)Ltd | EastspringInvestments Asian Dynamic Fund | Absolute bias | 1.50% |
| Hunter Hall Investment Management Limited | Hunter Hall Global Equities Trust | Longequities | 1.50% |
| Insync Funds Management PtyLimited | InSync Global Titans Fund | Longequities | 1.50% |
| Avenir Capital PtyLtd | Avenir Value Fund | Absolute bias | 1.50% |
| Optimal Fund Management PtyLtd | Optimal Japan LongFund | Longequities | 1.50% |
| Cash and Term Deposits | Cash | 5.27% |
*Investment is split across 2 vehicles: The VGI Partners Master Fund and The VGI Partners Offshore Feeder Fund
-ENDS-
Level 11, 139 Macquarie Street, Sydney NSW 2000 I GPO Box 4658 Sydney NSW 2001 I ABN: 97 063 935 553 Phone 02 9247 9202 I Fax 02 9247 6855 I [email protected] I www.futuregeninvest.com.au
==> picture [176 x 89] intentionally omitted <==
Media contacts
James McNamara Geoff Wilson Louise Walsh Chris Donohoe Corporate Affairs Director Joint CEO Joint CEO +61 416 734 080 +61 2 9247 6755 +61 419 416 618 +61 413 315 631 [email protected] [email protected] [email protected] [email protected]
About Future Generation Global Investment Company
Future Generation Global Company (ASX: FGG) is Australia’s first internationally focused listed investment company (LIC) with the dual objectives of providing shareholders with diversified exposure to selected global fund managers and changing the lives of young Australians affected by mental illness. FGG offers investors the opportunity to gain unprecedented access to Australia’s most prominent global fund managers – a number of whom are closed or not accessible to retail investors – through a single ASX-listed investment vehicle. The Company charges 0.0% management fees and 0.0% performance fees. Fund managers are managing the capital entirely pro-bono so that 1.0% of net assets each year can be donated to Australian non-profits committed to young Australians affected by mental health issues.
For more information visit www.futuregeninvest.com.au “Together, we are investing in Australia’s future generation”
Level 11, 139 Macquarie Street, Sydney NSW 2000 I GPO Box 4658 Sydney NSW 2001 I ABN: 97 063 935 553 Phone 02 9247 9202 I Fax 02 9247 6855 I [email protected] I www.futuregeninvest.com.au