October 2019

The Firetrail Australian High Conviction Fund has been awarded a ‘Bronze’ Morningstar Analyst Rating.

Firetrail’s flagship strategy was one of only two new strategies to receive a medal rating from Morningstar in their 2019 Australian Equities Large Cap Review.

In its report, Morningstar states that the “Firetrail Australian High Conviction is a solid option for investors seeking a high conviction manager…”

Patrick Hodgens, Managing Director at Firetrail and Co-Lead Portfolio Manager for the strategy said that the “Bronze’ rating from Morningstar is an important endorsement for the Firetrail team and their high conviction approach to investing.

“We are very pleased to be able to offer our investment capabilities to investors that utilise Morningstar research. It is an important milestone for Firetrail, allowing a broader range of investors to access to our high conviction investing approach”, Hodgens explained.

The Firetrail Australia High Conviction strategy is co-led by experienced investors’ Patrick Hodgens, Blake Henricks and James Miller. “All three [portfolio managers] have worked together for over a decade and have delivered strong relative returns over their respective tenures”. We are confident the team can deliver outperformance over teh full cycle…”, Morningstar notes.

Prior to launching Firetrail in March 2018, the three portfolio managers ran the Macquarie High Conviction Fund, which delivered 10.6% per annum (after fees) to invetsors since inception in 2005, until they departed Macquarie in November 2017.

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Firetrail Investments Pty Limited ABN 98 622 377 913 (‘Firetrail’), Corporate Authorised Representative (No. 1261372) of Pinnacle Investment Management Limited ABN 66 109 659 109 AFSL 322140.

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