Greencape founder David Pace attributed the milestone to the fund manager’s investment processes and “ability to navigate volatile markets”.
“We have delivered strong outperformance through varied market conditions – including challenging and volatile periods – affirming Greencape Capital’s ability as a proven, successful and sustainable boutique fund manager,” Mr Pace said.
The equity fund manager said it offers two funds for investors, the Greencape High Conviction Fund and the Greencape Broadcap Fund.
“Both funds are well supported by research houses and currently hold Morningstar ‘Gold’, Lonsec ‘Highly Recommended’ and Zenith ‘Recommended’ ratings,” a statement from Greencape said.
“Since the inception of both funds on 1 September 2006, the Greencape High Conviction Fund has delivered 9.47 per cent per annum (net of fees) to 30 September 2014, outperforming its benchmark, the S&P/ASX 200 Accumulation Index by 4.29 per cent per annum,” the statement said.
“The Greencape Broadcap Fund has delivered 9.38 per cent per annum (net of fees) to 30 September 2014, outperforming its benchmark, the S&P/ASX 300 Accumulation Index, by 4.36 per cent per annum,” it said.
Greencape also said it has expanded its team in 2014 with the appointment of Ryan Green in August, bringing the fund manager’s investment team to six.
