Hearts and Minds Investments lifts value

Hearts and Minds director Gary Weiss at the Sohn Hearts and Minds Investment Conference last November. Picture: David Geraghty.

June 28, 2019

Hearts and Minds Investments has increased in value by 20 per cent since listing last November and now has an net asset value of $600 million.

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Hearts and Minds Investments has increased in value by 20 per cent since listing last November and now has an net asset value of $600 million.

The listed investment company was created from the annual Hearts and Minds conference, with stock suggestions from the conference backed by five fund managers.

They include Magellan, Caledonia, Regal, Cooper Investors and Paradice.

The fund trades at $3 a share, outperforming the market by 13 per cent since listing.

It has no fees and 1.5 per cent of the fund’s net asset value is donated to charity, which means that so far, $9 million has been invested.

Hearts and Minds says PagSeguro, the Brazilian money merchant business, pitched by Beeneet Kothari from Tekne Capital in New York, is the conference portfolio’s top returner, up 67 per cent in US dollars and 72 per cent in Australian dollars.

It says Amazon, Airbus, DocuSign, and New Oriental Education, all pitched at last year’s conference, have also been among the top performers, returning between 25 and 59 per cent.

This article was originally posted by The Australian here.

Licensed by Copyright Agency. You must not copy this work without permission.

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June 28, 2019

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The Australian

Hearts and Minds Investments has increased in value by 20 per cent since listing last November and now has an net asset value of $600 million.

The listed investment company was created from the annual Hearts and Minds conference, with stock suggestions from the conference backed by five fund managers.

They include Magellan, Caledonia, Regal, Cooper Investors and Paradice.

The fund trades at $3 a share, outperforming the market by 13 per cent since listing.

It has no fees and 1.5 per cent of the fund’s net asset value is donated to charity, which means that so far, $9 million has been invested.

Hearts and Minds says PagSeguro, the Brazilian money merchant business, pitched by Beeneet Kothari from Tekne Capital in New York, is the conference portfolio’s top returner, up 67 per cent in US dollars and 72 per cent in Australian dollars.

It says Amazon, Airbus, DocuSign, and New Oriental Education, all pitched at last year’s conference, have also been among the top performers, returning between 25 and 59 per cent.

This article was originally posted by The Australian here.

Licensed by Copyright Agency. You must not copy this work without permission.

Disclaimer: This material has been prepared by The Australian, published on Jun 28, 2019. HM1 is not responsible for the content of linked websites or content prepared by third party. The inclusion of these links and third-party content does not in any way imply any form of endorsement by HM1 of the products or services provided by persons or organisations who are responsible for the linked websites and third-party content. This information is for general information only and does not consider the objectives, financial situation or needs of any person. Before making an investment decision, you should read the relevant disclosure document (if appropriate) and seek professional advice to determine whether the investment and information is suitable for you.

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