Because of the delay in completing this review, the last of these is now an unprofitable investment!
WCM Global (WCMQ.AX): 1.7% of net worth, 1RR 15%. This is an actively managed ETF that targets global "quality" stocks. It is managed by US manager WCM but is listed on the ASX.
There is a history of using this stock to fund other new investments (Bitcoin I think) and then more recently re-investing in it as it has a good track record:
The ASX gained 66% in this period and the MSCI 90%. Seems good to me.
WAM Strategic Value (WAR.AX): 1.6% of net worth, IRR 1%. This fund specializes in mainly investing in other listed funds that trade below NAV. We invested at the IPO (a mistake):
While overall it has done nothing much, it has done well in the last 1-2 years. I think this should be monitored. Maybe can be a source for investing in other things...
Regal Partners (RPL.AX): 1.4% of net worth, IRR -8%. This is a leading Australian alternative asset manager, which I normally include in the Australian small cap asset category. I thought this company was doing well, but since the release of the most recent earnings report, the market doesn't agree:
I think in the long-term they should do well or be acquired by a larger fund manager, so am inclined to hold. Of six analysts who follow this stock, five rate it a strong buy. Morningstar Quantitative value it at $3.16, about 10% above the current stock price.
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