In the 2023-2025 period, the medium term outlook for gold was compelling, being driven by an opportunistic combination of:
Importantly, we have identified a substantial disconnect between the price of gold and the price of selected listed gold stocks. This presents a medium term opportunity we believe to be compelling and which we are seeking to capitalise on through a deep value, high conviction investment mandate focussed exclusively on the global gold and precious metals sector.
Investment Term
We anticipate the Fund will have an investment term of ~3 years from inception (1 April 2023), however as the Fund is entirely outcome focussed it may be wound up (in full or in part) earlier should the investment thematic be realised sooner than expected. The Fund may be extended beyond the initial 3 year mark, however a liquidity event will be provided at the end of year 4 for those investors wishing to redeem. The Fund should be considered an illiquid investment that will not pay any cash distributions throughout the investment term (any distributable income will be reinvested as additional units each year).
Fee Structure
Please refer to Section 5 of the Information Memorandum for a full description of the fee structure for the Fund.
Level 9 365 Little Collins Street Melbourne VIC 3000
ROB HAY
Head of Distribution & Investor Relations
M: 0423 345 975
E: rhay@csvf.com.au
The Collins Street Value Fund (CSVF) is managed by Collins St Asset Management Pty Ltd (CSAM) AFSL 468935. CSAM is authorised to provide financial services to wholesale clients only (as set out in section 761G (7) of the Corporations Act 2001).
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