Cromwell Funds Management has announced that its Phoenix Opportunities Fund has closed to further investments to “remain nimble in the market”.
The fund, which is benchmark-unaware and invests in listed companies outside the ASX 300, said it reached its self-imposed cap of $40 million.
It returned 22.3 per cent per annum since inception in 2011 after fees and costs as at 31 December 2017.
Cromwell’s head of retail funds management, Hamish Wehl said: “The fund attracted inflows from retail investors seeking exposure to quality companies outside the main ASX indices.
“The investment team is highly skilled in analysing companies and finding hidden value.
“The fund’s capacity constraint allows the Phoenix Portfolios investment team to remain nimble in the market and maintain its strategic advantage over competitors,” he said.
