- Andaz is an Australia-based performance-oriented specialist investment manager managing only one equity strategy. Yizhong Chan is the Founder and Executive Chairman and also serves as the portfolio manager for all.
- Our investment results are presently moving sideways and the financial year to date performance is -5.3%. This portfolio/share price action is not new and has occurred a few times since inception. Historically - and I believe this time won’t be any different - our investment results eventually climb higher.
- We exited several positions and cut our exposure down to only 7 situations – all of which are coiled springs.
- At month end, the portfolio had a gross exposure of 85.8%, consisting of 85.8% long and 0% short; as wellas 14.2% in cash.
- In terms of liquidity, the weighted average market capitalisation is A$57 billion and the stock with the smallest market capitalisation is circa A$6 billion.
For further details see:
Andaz Private Investments: Notes To October 29, 2021.