Coolabah Capital Investments Pty Ltd ACN 153 327 872 (CCI) is a leading active long and long-short credit manager based in Australia that is responsible for managing Smarter Money Investments’ (SMI) portfolios, the BetaShares Active Australian Hybrid ETF (ASX: HBRD), and numerous other bespoke institutional mandates collectively worth circa $3 billion in AUM. SMI is a wholly owned subsidiary of CCI.
In the 12 months to July 2019, the wholesale Coolabah Active Composite Bond Strategy returned 14.3% before fees, which is a gross excess return of 3.9% above the AusBond Composite Bond Index. This strategy ranked in the top two strategies over the 12 months to July 2019 in Mercer’s Australian Fixed Income (Active) universe. (This is an institutional product that is not available to retail investors with institutional fees confidential.)
In 2016 SMI was a finalist for Money Management / Lonsec’s “emerging fund manager of the year” award. In 2019 CCI was nominated as a finalist for the “Best Emerging Manager” at the Australian Alternative Investment Awards.
CCI is chaired by experienced super fund director Melda Donnelly and was co-founded by portfolio managers Christopher Joye and Darren Harvey. The team currently comprises four portfolio managers and eight full-time analysts with particular strengths in deep quantitative analysis, qualitative due diligence and active trading.
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.
CCI 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).
If institutional investors want to listen to CCI’s popular investments podcast, Complexity Premia, which strives to deconstruct modern investment problems, please click here.
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.
Any performance data presented on this site is pre-fees for institutional clients that negotiate custom fee rates, and these solutions are not available to retail investors. Past performance is not a reliable indicator of future performance. All investments carry the risk of loss. This information is general only, is not personal financial advice, and is not an offer or a recommendation (expressed or implied) to take up any investments or investment services. It does not take into account any person’s financial objectives, situation or needs. The information has been prepared by Coolabah Capital Institutional Investments Pty Ltd ACN 605806059, which holds Australian Financial Services Licence No. 482238 (CCII) authorising it to provide services to wholesale clients. To the extent permitted by law, no liability is accepted for loss or damage as a result of any reliance on this information.