Key Takeaways
- • Munro Global Growth Fund won the best Long Short Equity Fund category at the 2020 Hedge Funds Rock Awards, recognized for disciplined investment process and strong absolute returns in global equities.
- • Fund delivered 17.5% annualized returns since inception and 36.8% returns over the 12-month period ending August 31, 2020, demonstrating outperformance during volatile market conditions including the March 2020 quarter.
- • Capital preservation tools including cash positioning, short selling, and put options proved critical to risk management and client returns, particularly during March 2020 market dislocation.
- • Portfolio strategy employs focused, concentrated positions (30-50 holdings) identifying underappreciated growth trends and sustainable structural market changes, benefiting from both long and short equity positions.
- • Munro Partners, founded in 2016 and majority employee-owned, operates as a global growth-focused investment manager distributed in Australian and New Zealand markets through GSFM.
Summary
The Munro Global Growth Fund received the best Long Short Equity Fund award at the 2020 Hedge Funds Rock Awards, a recognition established in 2005 to honor top performers in the alternative investment space. The award selection process combines quantitative and qualitative assessments evaluated by an independent judging panel.
Munro Partners, a globally-focused investment manager specializing in growth equities, achieved the recognition based on demonstrated performance and disciplined portfolio construction. The fund delivered 17.5% annualized returns since inception and posted 36.8% returns over the 12-month period through August 31, 2020. These results reflect particularly strong performance during volatile market conditions, notably during the March 2020 quarter when public equities experienced significant drawdowns.
Nick Griffin, founding partner and chief investment officer at Munro Partners, attributed the strong performance to the team's ability to identify mispriced growth opportunities and structural market trends. The fund maintains a capital preservation framework utilizing short positions, cash allocation, and put option strategies—tools that proved instrumental in managing downside risk during market stress periods. The portfolio maintains a concentrated structure of 30-50 actively managed equity positions focused on identifying sustainable growth trends the market has underappreciated or mispriced.
Damien McIntyre, CEO of GSFM (which distributes the fund in Australian and New Zealand markets), noted the comprehensive and disciplined nature of Munro's investment process, characterizing the fund's track record in the absolute return global equities space as "enviable." Munro Partners, majority owned and controlled by employees, was founded in 2016 by an award-winning investment team with an established track record in delivering consistent returns through active growth equity management.
Munro Partners, a globally-focused investment manager specializing in growth equities, achieved the recognition based on demonstrated performance and disciplined portfolio construction. The fund delivered 17.5% annualized returns since inception and posted 36.8% returns over the 12-month period through August 31, 2020. These results reflect particularly strong performance during volatile market conditions, notably during the March 2020 quarter when public equities experienced significant drawdowns.
Nick Griffin, founding partner and chief investment officer at Munro Partners, attributed the strong performance to the team's ability to identify mispriced growth opportunities and structural market trends. The fund maintains a capital preservation framework utilizing short positions, cash allocation, and put option strategies—tools that proved instrumental in managing downside risk during market stress periods. The portfolio maintains a concentrated structure of 30-50 actively managed equity positions focused on identifying sustainable growth trends the market has underappreciated or mispriced.
Damien McIntyre, CEO of GSFM (which distributes the fund in Australian and New Zealand markets), noted the comprehensive and disciplined nature of Munro's investment process, characterizing the fund's track record in the absolute return global equities space as "enviable." Munro Partners, majority owned and controlled by employees, was founded in 2016 by an award-winning investment team with an established track record in delivering consistent returns through active growth equity management.
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