Chaired by Melda Donnelly and co-founded by portfolio managers Christopher Joye and Darren Harvey, Coolabah Capital Investments Pty Ltd ACN 153 327 872 (CCI) is an active institutional fixed-income fund manager based in Australia that is responsible for managing Smarter Money Investments’ (SMI) portfolios and other bespoke institutional mandates collectively worth over $2.2 billion. In 2016 SMI was a finalist for Money Management/Lonsec’s “emerging fund manager of the year”award.
CCI’s institutional mandates include the BetaShares Active Australian Hybrids Fund (ASX: HBRD), which is the first hybrids “active ETF” in Australia. HBRD provides access to a diversified portfolio of bonds and hybrids, and seeks to reduce the volatility and downside risk that may otherwise be experienced by direct holders of hybrids. HBRD aims to outperform the wider Australian hybrids market, which it has achieved since its inception. For more information see the BetaShares website.
CCI’s investment philosophy focuses on delivering improvements in risk-adjusted excess returns, or “alpha”, that are independent of interest rate duration risk, credit risk and liquidity risk. Since the inception of CCI’s first active credit portfolio in February 2012 it has outperformed key alternatives on a raw and risk-adjusted basis. CCI’s core portfolio, the Smarter Money (Active Cash) Fund, has been awarded a coveted 5 Star rating from Morningstar based on its 3-year and 5-year risk-adjusted returns.*
CCI’s manages four public funds available to both retail and institutional investors: the Smarter Money (Active Cash) Fund; the Smarter Money Higher Income Fund; the Smarter Money Long Short Credit Fund, which is an absolute return hedge fund solution; and the BetaShares Active Australian Hybrids Fund (ASX: HBRD).
CCI’s wholly-owned subsidiary, Coolabah Capital Institutional Investments Pty Ltd ACN 605 806 059, holds AFSL Licence No 482238.
The Coolabah is a native Australian tree (different sub-species are also referred to as “Cooliabah”) that features in the de facto national anthem, Waltzing Maltida, wherein “a jolly swagman camped by a billabong under the shade of a coolibah tree“. The Coolabah tree is a durable, salt-tolerant tree known to live for hundreds of years and offer shade for Australian fauna. The wood is heavy and white ant (termite) resistant, and was used by European settlers for early Australian construction and fencing. According to one account, “aboriginal use of Coolibahs was quite diverse…roots were used for emergency water supply, the inner bark was used against snake bite and the bark was harvested”.
Shelter, longevity, durability, and catastrophe insurance are valuable attributes that we hope this namesake imports to Coolabah’s business.
* As at March 2017 the Smarter Money Fund (Platform Inv.) received a five-star Morningstar Rating, based on its assessed 3 year and 5 year risk-adjusted performance within the Morningstar Peer Group – Australian Short Term Fixed Interest – Investment Trust. Morningstar Rating Definition: The Morningstar Rating is an assessment of a fund’s past performance – based on both return and risk – which shows how similar investments compare with their competitors. A high rating alone is insufficient basis for an investment decision. Morningstar Disclaimer: Copyright 2017 Morningstar, Inc. All rights reserved. Neither Morningstar, its affiliates, nor the content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice or ‘class service’ have been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or Morningstar Research Ltd, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. Refer to our Financial Services Guide (FSG) for more information at . You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement (Australian products) or Investment Statement (New Zealand products) before making any decision to invest. Our publications, ratings and products should be viewed as an additional investment resource, not as your sole source of information. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice tailored to your situation, contact a professional financial adviser. Some material is copyright and published under licence from ASX Operations Pty Ltd ACN 004 523 782 (“ASXO”).
Lonsec Disclaimer: The Lonsec Rating (assigned April 2017) presented in this document is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445. The Rating is limited to “General Advice” (as defined in the Corporations Act 2001 (Cth)) and based solely on consideration of the investment merits of the financial product(s). Past performance information is for illustrative purposes only and is not indicative of future performance. It is not a recommendation to purchase, sell or hold Smarter Monday Investments product(s), and you should seek independent financial advice before investing in this product(s). The Rating is subject to change without notice and Lonsec assumes no obligation to update the relevant document(s) following publication. Lonsec receives a fee from the Fund Manager for researching the product(s) using comprehensive and objective criteria. For further information regarding Lonsec’s Ratings methodology, please refer to our website at: https://www.lonsecresearch.com.au/research-solutions/our-ratings