SQM Research Weekly Newsletter
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SQM Research Ratings Update - Monday  8th September 2014
Property Valuations
Research Reports
Discounted/Distressed Properties
Funds Research
Ratings Table

To see the entire table of SQM Research's fund ratings, click HERE

(Please note: In order to view individual ratings reports you must be subscribed to SQM Research Ratings research. To subscribe, click HERE)

Count Von Count's Words for the Week 

“We are all just one trade away from  humility Ha ha ha haaaa”
SQM Research Media Release
 SQM Research has released its rating on Global Wealth Partners Fund Limited (“GWP” or “the Fund”)

SQM Research has completed its review of Global Wealth Partners Fund Limited (“GWP” or “the Fund”). SQM Research has awarded the Fund a rating of three and three quarter stars. This is the first time that the Fund has been reviewed by SQM Research.

GWP is structured as a closed-ended fund of hedge funds which will be listed on the ASX as a listed investment company (LIC) under the proposed code – GWP. At inception, the Fund will invest in four Underlying Funds (collectively referred to as the Investment Portfolio) managed by four unique Investment Partners who are alternate investment managers that predominantly invest in global equities. Moelis Australia Asset Management (MAAM) has been appointed the Investment Manager via a management agreement.

The rating awarded has been driven by a number of factors:
  • The Fund offers retail investors with a liquid exposure to US-based hedge fund managers, access to who has typically been restricted to wealthy and sophisticated institutional investors.
  • The Investment Manager has appointed a skilled and experienced investment team to oversee the investments of GWP as well as to monitor the risk profile of the selected investments.
  • Each of the selected Underlying Funds of the Investment Partners have been able to produce strong returns compared to the MSCI Total Returns Index (in US$).

This is the first product of its kind being released by MAAM, which was setup in 2012 to provide investors with the aim to offer investors with asset management capabilities in alternate asset classes.

MAAM is a wholly owned subsidiary of Moelis Australia Group. Moelis Australia Group in turn is 50% owned by US-based Moelis & Co (NYSE: MC) and 50% by the Australian local management. 

SQM Research has released its rating on the Ravenhall Office Trust (the Trust)
SQM Research has completed its review of the Ravenhall Office Trust  and has awarded the Fund a rating of four stars, reflecting SQM Research’s confidence in the investment fundamentals of this syndicate.

The Ravenhall Office Trust (the Trust) is a single asset property fund which combines investor contributions and debt finance to invest in a three-storey office building located at 271–279 Robinsons Road, Ravenhall, Victoria. The Trust aims to provide investors with an income yield of circa 8.0% (100% tax deferred in the first two years) through regular monthly distributions. In addition to this, through the use of active asset management strategies, the Manager aims to provide its investors with moderate capital growth. 

Speaking of the trust, Managing Director of SQM Research - Louis Christopher has stated "Investor demand for investment grade office real estate appears to be stronger than ever right now. This is happening even while tenancy demand is mixed and vacancy levels around the country for office space are relatively high. In such a climate, SQM Research tends to take a cautious approach in assessing single asset property syndicates.  All the boxes need to be ticked and especially with regard to the lease expiry profile and quality of the tenants in the property concerned. In this instance, while there are risks, we believe the tenancy profile for this office trust is secure."

To read the ratings research reports on either of these reviews in their entirety, please sign into your SQM Ratings subcription here, subscribe to SQM Research's Ratings Research here, or contact to inquire about more information regarding a subscription to SQM's Ratings Research.

The Countdown Is On! 
What role can credit investment play for investors? 

There is less than two weeks to go until SQM Research's Afternoon of Property and we are getting very excited! In the lead up, we have asked one of the event’s guest speakers and panelists – Chris Andrews, Vice President and Head of Funds Management at La Trobe financial to give us an insight into what he plans to discuss on the day. 

Chris who will be part of a panel exploring the Mortgage Trusts sector, has shared that -

“Over the last few years investors have become increasingly aware of the critical importance of yield-based investment.  Whilst this is undoubtedly a good thing, it has led to the emergence of some potentially dangerous yield-hunting strategies. I will discuss some of these strategies and the role that credit investment can play for investors.”

Joining Chris on the panel will be David Hogan, Managing Director of Trilogy Funds Management and James Austin, Chief Financial Officer from FirstMac Limited. 

Chris Andrews is only one of our amazing guest speakers, he will be joined by some of the best performing Fund Managers in the Property sector space to scrutinize and discuss the current climate of all facets of the current Australian real estate market, as well as provide some insight as to what is potentially in store for this asset class.   

We are taking our very last minute registrations now!

Who should attend? 
  • Fund managers
  • Financial Planners
  • Real Estate Industry Professionals
  • Individual Investors

Why should you attend?

  • First hand insight into the Residential Property market from one of the country’s most respected and trusted Property Analysts – Louis Christopher
  • Insightful, unique objective content from a range of different speakers from all sectors of Property
  • CPD Points will be awarded!
  • Networking Opportunity
  • Perfect, cost effective event to invite your clients along to
Thank you to our Sponsors -

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