CDM cadence capital limited

Ann: Investment Update and NTA May 2016-CDM.AX, page-14

  1. 1,594 Posts.
    lightbulb Created with Sketch. 10
    I've had a good read of the latest report. They are net short resources and energy, a positive, but MQG and Henderson Group are costing them. Melbourne IT and Asciano have been big winners since buying and Newcrest.

    Depends if they hedged the overseas positions, as the AU dollar is falling, good for overseas stocks they brought.

    I don't really like their over-weight in overseas stocks, playing with the big boys their. But, I'm gonna average down. I think they have a sound strategy and exit positions sensibly. IMO.
 
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