News/Articles

Allkem Limited, previously Orocobre Limited, is one of three lithium producers in the Quest portfolio that have delivered excellent returns. 

Our first purchase was in October 2012, nearly 10 years ago. At that time, Orocobre was trading at $1.70 per share and was capitalised at $200 million. Allkem now trades at $12.50 per share and is capitalised at $7.9 billion.

While it has been an eventful journey for investors, this investment has tapped into the reshaping of global battery technology providing our team with both financial gain and a lot of insight along the way

The Quest Long Short Australian Equities Fund has ranked 3rd out of 147 funds and was the top ranked long/short fund in what was a “torrid 12 month period” according to Mercer.

The Quest Long Short Fund return over 12 months to the end of March 2022 was 27.7% after fees which was well ahead of the benchmark gain of 15%. The since inception net return is 79.8% over 23 months.

The Fund will establish a two year record at the end of April 2022. The Fund is managed by Richard Dixon who has over 20 years of experience managing Australian equity long/short funds.

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Quest have sold our holding in Sydney Airport. Sydney is to be privatised under a Scheme of Arrangement at a cash price of $8.75. The buyer is Sydney Aviation Alliance Pty. Ltd, a consortium including IFM Investors and Global Infrastructure Partners.

This is a significant deal valued in total at $23.6 billion. Our holding has been sold on market slightly below the bid price rather than awaiting formal deal close in March 2022. Sydney will be replaced in the S&P/ASX300 by biotech Telix Pharmaceuticals on 10th February 2022.

Quest Asset Partners have signed Simon Wu to join the Quest team in January 2022. Simon is an experienced Business Development Manager having worked previously for Cooper Investors and Aberdeen and National Bank.

Simon’s role will be to build a robust platform for the distribution of  product with initial emphasis on the Quest Ex-20 SMA and X20 Unit Trust as well as the  very successful Quest Long Short which launched in May 2020.

The Quest Long Short unit trust has now reached the $50 million milestone after receiving strong support from advisers. The Fund has grown from $14 million at the end of June 2021. Performance has been spectacular with a total after fees return  of 73% in the 18 months since inception in May 2020. The Quest Long Short is available on a range of platforms including BT, Macquarie, Hub24 and Mason Stevens. Equity Trustees act as Responsible Entity for the Long Short Fund.

Read the article “Strategy behind winning long short fund” by Tony Boyd, The Australian Financial Review, 14 January 2021

Read the article “Quest: the quiet achievers of the Australian equities market” By Jonathan Shapiro, The Australian Financial Review, 9 November 2020