Overview
Established in September 2021, the Endeavour Fund brings an owner’s approach to public equities investing by applying a long-term time horizon, industry specialisation and concentration.
We target global businesses with operational and strategic levers to drive value combined with the talent and will to win. As owners we are focused on management execution and where needed we engage with companies to achieve success.
Our Approach
Long Term: we focus on industrial, not financial time horizons; we see volatility as inherent in capital markets, as a source of opportunity, not something to be avoided.
Specialisation: we invest in only four industry verticals.
Concentrated: we hold circa 15 deeply researched, diversified investments.
Our Role in Your Portfolio
Our objective is to turn every $1 of capital into $4 over the period of a decade.
The Endeavour Fund provides a complimentary and differentiated equities exposure to a portfolio, with uncorrelated returns compared to a global listed equities portfolio and without the leverage, illiquidity and opacity of private market funds.
Capital Preservation: we apply an absolute return mindset; focus on downside; seek to invest countercyclically; and hold cash in the absence of compelling opportunities.
Marcus Guzzardi
Geoffrey Di Felice
Unit price history (CSV)
02/09/2021
Units in a unit trust – the Cooper Investors Endeavour Fund (the “Fund”)
$100,000 (Wholesale investors only)
Cooper Investors Pty Limited (“CI” or the “Manager”)
Citigroup Pty Limited
Absolute return hurdle of 8% per annum.
CIP3212AU
Income distributions will normally be paid half-yearly as at 31 December and 30 June (although the Manager has the discretion to distribute more frequently) and will automatically be invested in further units unless a unit holder elects otherwise.
Performance & Reporting
Past performance is not a reliable indicator of future performance
^Partial Year (inception date was 1 September 2021)
*Annualised
Source: Internal CI data reports, April 30, 2024
Past performance is not a reliable indicator of future performance
Source: Internal CI data reports, April 30, 2024
Past performance is not a reliable indicator of future performance
Inception Date: 1 September 2021
**Net of fees and expenses
#S&P ASX 200 Accumulation Index
##Absolute return hurdle of 8% per annum
Source: Internal CI data reports, April 30, 2024
Investment Horizon
10 years
Portfolio Construction
A concentrated portfolio of circa 15 investments with ability to hold cash at the manager’s discretion
Hedging
Unhedged (with capacity to hedge)
Management Fee
1.2% per annum of the Net Asset Value (before fees and expenses) plus GST calculated and paid monthly in arrears directly from the Fund.
Performance Fee
15% of returns over 8% (after the management fee, subject to high water mark) plus GST.
Redemption
Monthly with 30 days notice
Resources
Inside the Endeavour Fund: Craft, Curiosity and Capital
Investment Overview – Frontier Communications
Value Latency in Long-Life Royalties
Case Study – Ryan Speciality
Insights – Lessons from Railroader
Royalties as Real Assets
Endeavour Fund and Brunswick Fund at CI secure Guzman y Gomez shares in limited placement
Onward: How Starbucks Fought for Its Life Without Losing Its Soul
The Steps
How to invest.
To register your interest in investing please contact Client Relations or Ron Galea for further information.
