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Trident fund – performance analysis
 

Trident fund – performance analysis

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    Trident fund – performance analysis Trident fund – performance analysis Presentation Transcript

    • $ Trident Fund – Performance Analysis
    • AGENDA INTRODUCTION TO FUND FUND INVESTMENT STRATEGY ANALYSIS OF INVESTMENT PERFORMANCE ANALYSIS OF FUND PERFORMANCE BENCHMARK ANALYSIS NOTE FOR INVESTORS 2013 2015 2014 3 Year Plan $
    • INTRODUCTION OBJECTIVE To achieve at least an average return of 10% on a five year horizon. The fund’s investment objective is to produce income and to provide an opportunity for growth of principal consistent with sound equity investment practices FUND STYLE Blended investments– Mid-Cap to Large Cap TARGET ASSETS Value + Growth Stocks High Graded Bonds, Treasuries Short Selling FUND MANAGERS Sandeep, Ryan and Mandar $
    • STRATEGY Top Down Asset Allocation Strategy. We took view of the industry, market conditions and analyst reports and then weigh the stocks and bonds according to the sector. MONEY $10 million cash Margin account with 50% initial margin Investment - $20 million TRADES Long, Short, Margin INVESTMENT HORIZON 3 to 5 years $
    • ACTUAL FUND FORMATION Started with 20% in tech sector, 10% in finance, 10% in Auto and 10% in Energy Requisite Bond funds not available. No bond investments Risk - Design duration 30-45 days. $
    • ANALYSIS FUND STRATEGY CHANGES Initial top down approach was then revised and tech sector was found more profitable Monitored Weighted Average Returns against expected returns based on historical data and technical analysis OPERATIONAL LIMITATIONS All assets concentrated in equities Sector concentrations increased and were unmonitored No investments in bonds No safe heaven investments End of day trading, in frequent trading No monitoring of risk through Beta or Duration $
    • ANALYSIS FUND STATISTICS NET GAIN 0.54% or $15000 Performance Period – Oct 23rd to Nov 28th Total 140 Trades Around 44 ticker traded One short sell during the performance period Max trade frequency on TLSA and DDD GAINERS Technology sector, especially 3-D printing stocks are biggest gainers. Also good gainers were financials stocks LOSERS Two standout losers from our investments were TELSA MOTORS and SAFEWAY INC $
    • ANALYSIS PORTFOLIO RETURNS Weighted average return analysis of portfolio was conducted Analysis was also done seprately for profit contributors and loss contributors Annual return of 4-6% can be assumed if current performance is used as bencmark Are we behind? Yes. Primary Causes Losses in TLSA and Safeway Inc Heavy Sector concentrations Under par performance of Auto sector $
    • BENCHMARKING BENCHMARK ANALYSIS This analysis reveals that for consumer goods and technology we have underperformed the market for the same performance period Using ETF and Indices it can be seen that AUTO sector has performed poorly and our performance is in line with for AUTO. $
    • NOTE TO INVESTORS This fund will return in 2013 around 0.5 to 1% 2013 Annualized returns in 2014 will be above 10% 2014 All investments have high long term growth potentials SUMMARY OF PERFORMANCE EVEN if we are underperforming the market at this time we think will meet our objective of annual return of 10% or more. We also think that our investment in TLSA motors and other companies are long term value investments and their performance over 30 days does not reflect their growth potential. TLSA motors is suffering from market over reaction in short term. 2015 $