Argonaut Funds Management is a high conviction investor in the Australian resources sector. It is based in the tier one mining jurisdiction of Western Australia and operates two resource focused funds:
- Argonaut Natural Resources Fund – An actively managed wholesale fund that invests in ASX listed resource and mining service companies.
- AFM Perseus Fund – An actively managed small resources fund, being those resource and mining service companies outside the S&P ASX 100 Index.
Argonaut Funds Management is part of the Argonaut Group, a leader in the provision of corporate advisory services to the Australian resources sector. It also operates a niche stockbroking business, providing advice to retail and institutional clients.
The Funds Management activities operate independently from the Argonaut Group, and has rigorous governance and investment protocols and procedures.
The Argonaut Natural Resources Fund is an actively managed, high conviction investor in the Australian resources sector.
In an investment marketplace characterised by a move to passive index investing and homogenous investment mandates, the resource sector is well placed to deliver above average returns to those investors with the specialist skills required to successfully identify opportunities in this growing and changing landscape. An experienced investment team has been appointed to manage the Fund and a rigorous investment system is in place. The Investment Manager has established a portfolio of quality resource sector opportunities with an appropriate spread across various commodities, stage of project and market capitalisations, with the objective of delivering returns exceeding that achieved by the benchmark index, the S&P ASX 300 Resources Index.
The Fund is structured as an open ended wholesale managed investment scheme. The minimum investment size is $50,000 with the management fee being a base fee of 1%+GST plus a performance fee of 20% above the benchmark index. The Fund has monthly unit pricing and no entry or exit fees.
The Fund is currently open for applications.
The AFM Perseus Fund is an actively managed, high conviction investor in the small resources sector, being those resource and mining service companies outside the S&P ASX 100 Index.
The Fund has been revitalised and refocused with a broadened investment mandate and a new investment team. The Fund has a clear investment strategy and a three stage investment process. The Fund’s “restart date” is 1 January 2020.
AFM Perseus Fund Ltd is a Limited company rather than a Trust structure. The benefit of this for new investors is that the Fund retains approximately 20 cents per share in deferred tax assets which can be offset against future profits of the company.
AFM Perseus Fund Ltd (ACN 087 023 612) lodged a prospectus with the Australian Securities and Investment Commission on 8 December 2020 seeking to raise additional investment funds via a non-renounceable entitlement issue of 1 for 1 shares to existing Shareholders at an issue price of 20 cents per share (“Offer”). The Offer is currently open to existing and prospective investors.