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Original Content from Livewiremarkets IMF Bentham (IMF) was traditionally a litigation funder which provided finance to legal firms purely using its own balance sheet. This business model has worked well with 90% of cases settled or won, generating a ROIC of 144%. However, it has meant very volatile cashflows and as such the share price […]

The Surrey Australian Equities Fund is pleased to provide the March 2019 update where we share with you insights from inside the portfolio, discussing performance to date and the Fund outlook moving forward. As a result of recent demand the Fund will again be opening mid-month for completed applications. For new and existing investors who

The Surrey Australian Equities Fund is pleased to provide the February 2019 update where we share with you insights from inside the portfolio, discussing performance to date and the Fund outlook moving forward. For new and existing investors who require assistance with your application forms please feel free to contact either Nick or Michael at

Original Content from Livewiremarkets When most investors think of “value investing” they think of the standard quick-form valuation techniques such as low PE and cashflow multiples, solid dividend yields, low price/book values etc. Companies that don’t tick these boxes can sometimes mistakenly be classified as expensive. When we assess Xero ASX:XRO it meets none of

The Surrey Australian Equities Fund is pleased to provide the January 2019 update where we share with you insights from inside the portfolio, discussing performance to date and the Fund outlook moving forward. As a result of recent demand the Fund will again be opening mid-month for applications.  For new and existing investors who require

The Surrey Australian Equities Fund is pleased to provide the December 2018 update where we share with you insights from inside the portfolio, discussing performance to date and the Fund outlook moving forward. As always both Nick and Michael are available for discussion at any time. Nick Maclean & Michael Woolhouse Directors & Portfolio Managers

The Surrey Australian Equities Fund is pleased to provide the November 2018 update where we share with you insights from inside the portfolio, discussing performance to date and the Fund outlook moving forward. As always both Nick and Michael are available for discussion at any time. Nick Maclean & Michael Woolhouse Directors & Portfolio Managers

The Surrey Australian Equities Fund is pleased to provide the October 2018 update where we share with you insights from inside the portfolio, discussing performance to date and the Fund outlook moving forward. Market volatility that was evident in October can make investment decisions in the short term difficult. At Surrey, we continue to focus

The Surrey Australian Equities Fund is pleased to provide the September 2018 update. September concluded the first quarter of Financial Year 2019 with the S&P/ASX Small Ordinaries Accumulation Index (XSOAI.ASX) falling 0.4% for the month while the S&P/ASX 200 Index (XJO.ASX) decreased 1.8% over the same period. The Surrey Australian Equities Fund was up 0.8%

The Surrey Australian Equities Fund (Fund) is pleased to provide the August 2018 update where we share with you insights from inside the portfolio, discussing performance to date and our outlook moving forward. As always both Nick and Michael are available for discussion at any time. Nick Maclean & Michael Woolhouse Directors & Portfolio Managers Surrey