enquiries@aurorafunds.com.au
You are here:
The Aurora Sandringham Dividend Income Trust (ASX Code: AOD) has recently amended its investment strategy, by adding a core portfolio of shares that pay fully franked dividends.
The Trust will continue to invest in a diversified portfolio of the 100 largest ASX listed shares by market capitalisation to take advantage of the changes in market prices of ASX listed shares around their ex-dividend dates.
Aurora Funds was recently named in an “Investing in Alternatives” article published by BRW.
Aurora recently advised that the Trust listed under the ASX Code ABW will now invest solely into the unlisted Aurora Fortitude Absolute Return Fund (AFARF). This offers investors the flexability of being able to access the award winning Absolute Return Fund through an ASX listed investment vehicle.
The listed Trust charges no additional fees, as all fees are charged in the unlisted AFARF. The listed Trust facilitates liquidity by allowing daily trading on the ASX, as well as offering an off market monthly redemption mechanism through the Product Disclosure Statement (PDS). A new PDS will be issued shortly for investors that would like to review this investment opportunity.
The existing unlisted AFARF continues to operate as a separate, daily priced investment Fund. Existing investors in this Fund will not be impacted by the new listed investment Trust.
We are pleased to advise that Aurora Funds Limited (AURORA) is seeking to facilitate the merging (and subsequent listing on the ASX) of Aurora Funds Management Limited (established in 2003), Sandringham Capital Pty Ltd (established in 2005) and Fortitude Capital Pty Ltd (established in 2004).
The primary activities of these businesses are asset management and responsible entity/trustee services on behalf of Australian and New Zealand investors. Collectively, these businesses manage approximately $570 million in domestic equity, international equity, property, infrastructure and alternative asset classes for over 3,500 investors.
A proportion of the Offer Shares have been set aside in order to provide Eligible Unit holders of a number of the investment schemes issued by AFM and Fortitude with some priority access to the Offer. Following the Exposure Period, the Eligible Unit holders will receive a copy of the Prospectus which will outline how they may participate in the Priority Offer.
Any Australian resident may request a copy of the Prospectus by contacting Aurora Funds Management Ltd.
Subject to the successful conclusion of an ASX public offering, Fortitude Capital has reached an agreement to merge with Aurora Funds Management Ltd and Sandringham Capital Pty Ltd.
Research house Zenith Investment Partners (Zenith) has added Fortitude Capital to its recommended list following an onsite review of the company’s underlying funds; Absolute Return Trust and Equity Income Fund.
Award winning fund, Fortitude Capital’s Absolute Return Trust has received a four-star rating from Standard & Poors (S&P) highlighting how the fund will consistently generate risk-adjusted returns in excess of relevant investment objectives.
Fortitude Capital is pleased to announce that it has formalised an existing arrangement to utilise the independent consulting services of Precept Investment Actuaries Pty Ltd (“Precept”).
Fortitude Capital recently received media coverage regarding the new Fortitude Equity Income Fund which will commence trading on August 1st, 2009.
The Fortitude Capital Absolute Return Fund has been nominated for the ‘Best Asian Multi-Strategy Hedge Fund’ Award at the upcoming Asian Hedge Fund Awards 2009.
Receive the latest investment funds news from Aurora delivered right to your inbox
SIGN UP HERE