Katana Australian Equity Fund
The Fund is a long-only, actively managed investment fund that invests in a range of Australian listed companies.
The Fund is an All Opportunities fund where the underlying goal is to maximise the risk adjusted return of potential opportunities listed on the ASX. Katana will selectively and modestly initiate higher risk positions where the potential return significantly exceeds the additional risk – both in terms of value and time.
Katana as a Manager will combine the best principles of fundamental, value and technical analysis believing that a better result is achieved by not being constrained to any one approach. The key to the long term success of the fund is considered to be their capacity to integrate the best principles of each discipline in addition to drawing on the extensive experience of the investment strategy committee.
Whilst the Manager will draw on different investment/analysis models to encourage flexibility and adaptability, this will be within an overall framework designed to control risks and stimulate sound decision making.
Katana has a style agnostic approach because it aims to outperform the index and maximise returns to investors through the economic and investment cycle. However this is balanced by their natural inclination towards capital preservation.
The overall objective of the Fund is to maximise risk adjusted returns to investors. The Fund is a benchmark unaware long only Australian Equity portfolio.
Asset Allocation
The fund is designed to be flexible and typically holds in the vicinity of 65 - 85% of its portfolio in equities with a cap of 98%. The balance of the holdings will be in cash or cash equivalent products.
The Fund will be suited to you if you:
- Want an investment in a diversified portfolio of Australian companies
- Want manager expertise in Australian equities portfolio management
- Desire diversification by way of company spread
- The fund blends with either value or growth style Australian equity managers
- Are seeking long term capital growth and income; and
- Can tolerate fluctuations of income and the risk of capital loss, especially in the short term
Katana will focus on purchases under two parameters Investments or Market Opportunities.
Investments are considered to be holdings where the underlying value can be quantified and the current market price is below this quantifiable value. Market Opportunities on the other hand are typically focussed on shorter term “trade” ideas and may not meet all of the Managers’ criteria to be considered an “investment”. A Market Opportunity may arise due to dislocation of the markets, technical trading factors, initial public offerings and secondary capital raisings to name a few.
Market Opportunities are typically held for a shorter duration than Investments. Katana employs several overall strategies to provide robustness and sustainability, these include:
- Assessing and investing in holdings that are within their “circle of competence”;
- Seeking holdings that have a long term sustainable competitive advantage;
- Investing in entities where the management is considered robust and competent;
- Ensuring that volatility is within an accepted range.
As part of its overall investment framework, Katana has established key parameters with regard to exposure to certain holdings, liquidity and asset allocations.
Katana’s proven track record is built on our core values.
Please click here to view our current Performance and Unit Prices.
Disclaimer
Please click here to view disclaimer.
Katana Asset Management Ltd (Katana) is a Western Australian based investment management firm and the Investment team has been managing money under mandate since December 2005.
Katana currently employs a benchmark unaware long only Australian equity process. Information regarding our performance is available in the Profile and Investment Approach brochure.
Katana is 100% owned by the directors and management team through various controlled vehicles. Senior members of the Investment Team are also Authorised Representatives of Bell Potter Securities Ltd. This business arrangement is distinct from the operation of the fund.
Our team have a combined direct investment experience well in excess of 95 years. Along with our philosophies and culture, this experience forms the backbone of our robust processes and approach, allowing the Katana team to have a sustainable competitive advantage.
Romano commenced at Alcoa as a trainee programmer in 1989 and worked in a variety of roles including systems analyst. In 1996, Romano commenced work as a private client adviser at William Noall Ltd.
In 2000 Romano joined Johnson Taylor Potter which was subsequently assumed by Bell Securities to form Bell Potter Securities.
In 2003 Romano co-founded Katana Asset Management.
Romano is a past lead lecturer at Finsia and the ASX and is regularly quoted in the AFR, The Australian, SMH and a variety of national and local publications.
Skillset & Orientation
Bottom-up value investing: small-mid-large caps; fundamentally driven with technical analysis overlay; trend-following contrarian opportunities.
Brad commenced as a tax accountant in 1994 and then transitioned into financial planning. In 1995, Brad moved into stockbroking at William Noall Ltd.
In 2001 Brad joined Johnson Taylor Potter which was subsequently assumed by Bell Securities to form Bell Potter Securities.
In 2003 Brad co-founded Katana Asset Management.
Skillset & Orientation
Large cap growth (business model and management) and market generated opportunities; high-conviction mid-cap.
Giuliano has worked in the Finance Industry for over 18 years in various fields including Credit, Business Development, Product Structuring, Funds Management, Investment and Corporate Advisory.
Giuliano has also completed the Graduate Diploma in Financial Planning at the Securities Institute of Australia, the Company Directors Course at the Australian Institute of Company Directors and is an ASX Derivatives Accredited Adviser.
Giuliano is regularly quoted in the AFR alongside appearing on the ABC News and Business Program.
Skillset & Orientation
Macro top-down, mid / large cap growth companies especially financial services and technology.
Hendrik is a Corporate Finance professional with 8 years experience working on large scale transactions, building bespoke financial models and conducting in depth research.
In February 2020 Hendrik joined Katana Asset Management as a Junior Equity Analyst supporting the Portfolio Managers in investment research and evaluation.
Prior to joining, Hendrik held various positions within the Finance Industry including working on large debt restructure and capital raisings within the resource sector, Credit Analyst at Macquarie Bank and originally started his career as an Accountant at Ernst & Young.
Skillset & Orientation
Fundamentally driven bottom-up modelling and analysis.
Relevant Documents
You should read the PDS, TMD (if applicable) or any Investment Memorandum (or other offer documents) related to this product before making an investment decision. These documents (if available) can be found at https://katanaasset.com/, or if this is a "wholesale investor only" investment, can be viewed by contacting the Product Issuer identified on the aforementioned website.
Statutory Statement
The issuer of this product is identified at the top of this page. The PDS and target market determination for the product are available in the Documents section of this listing. Prospective investors should consider the PDS before deciding to acquire the product. This product listing was vetted by and approved by the product issuer identified above before publishing. Investment Markets (Aust) Pty Ltd AFSL 527875 (IM) is not the issuer of the product.
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