Fat Prophets LIC - Global Contrarian Fund - A$33M IPO (FPC:ASX) (priority subscription)

Categories Securities, Listed Exchange Traded
Sale Type Asking Price
Price Guide AUD $1.10 per share plus 1 free Loyalty Option (Fully subscribed NTA @ A$1.081 per share)
Status: Closed


Fat Prophets is an internationally recognised investment research and wealth/funds management house with AUD$90M in Funds Under Management as at Dec 2016. Fat Prophets is seeking to raise AUD$33M for its Global Contrarian Fund , which will be structured as an ASX Listed Investment Company (LIC) and managed by Fat Prophets Funds Management Pty Limited (Manager).

The new Fund’s Investment thesis aims to enhance long-term performance outcomes, using a contrarian investment style targeting key inflection points. Capital exposures are allocated across equities, commodities, currency, cash and derivatives throughout their respective market cycles. The Fund Manager’s philosophy is that markets tend to overreact to events which presents short term over-priced or under-priced opportunities.

Firm Bids for priority subscription should be submitted to PrimaryMarkets before 4:00 pm on Wednesday, 8 March 2017 (AEDT).
Learn more about this opportunity in this short video.


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