##{"id":99981,"date":"2022-03-03T13:02:00","date_gmt":"2022-03-03T02:02:00","guid":{"rendered":"https:\/\/www.fnarena.com\/index.php\/2022\/03\/03\/australias-best-performing-micro-cap-fund-in-2021-magnolia-capital\/"},"modified":"2022-03-03T13:02:00","modified_gmt":"2022-03-03T02:02:00","slug":"australias-best-performing-micro-cap-fund-in-2021-magnolia-capital","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2022\/03\/03\/australias-best-performing-micro-cap-fund-in-2021-magnolia-capital\/","title":{"rendered":"Australia&#8217;s best performing micro cap fund in 2021: Magnolia Capital"},"content":{"rendered":"<p><span class=\"xn-location\">SYDNEY<\/span>, <span class=\"xn-chron\">March 3, 2022<\/span> \/PRNewswire\/ &#8212; Boutique investment and advisory firm <a target=\"_blank\" href=\"https:\/\/magnoliacredit.com.au\/\" rel=\"nofollow\">Magnolia Capital<\/a>&#160;has released its CY 2021 data that confirms its Magnolia Capital Emerging Companies Microcap Fund 1 (&#034;the Fund&#034;) was the highest-performing microcap fund in <span class=\"xn-location\">Australia<\/span> in the 12 months leading to <span class=\"xn-chron\">December 2021<\/span>, when compared to other microcap funds listed on Morningstar.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p> <a href=\"https:\/\/mma.prnasia.com\/media2\/1758515\/image_1.html\" target=\"_blank\" rel=\"nofollow\"> <img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/1758515\/image_1.jpg?p=medium600\" title=\"Magnolia Capital MD, CIO &#038; Founder Mitchell Atkins\" alt=\"Magnolia Capital MD, CIO &#038; Founder Mitchell Atkins\" \/> <\/a> <br \/><span>Magnolia Capital MD, CIO &#038; Founder Mitchell Atkins<\/span><\/p>\n<\/p><\/div>\n<p><span id=\"spanHghlt0ae1\">The extremely high<\/span> performance was driven by a dozen investments that returned significantly above the last <span id=\"spanHghlt4961\">12 month returns<\/span>, including the investment made in Telix Pharmaceuticals, Nimy Resources Ltd, Forrestania Resources Limited, Pancontinental Oil &#038; Gas NL, and Prospa Group Ltd<i>.<\/i><\/p>\n<p>The Fund has so far committed <span class=\"xn-money\">$50 million<\/span> and has a target final close of <span class=\"xn-money\">$80 million<\/span>, which Magnolia expects to achieve in the coming months.<\/p>\n<p>Uncharacteristically for an Australian actively managed fund, however, Magnolia has contributed 70 per cent&#160;of the funds under management (FUM) from its own balance sheet to date.&#160;<\/p>\n<p>Magnolia will also remain the majority investor moving forward, with all profits from the Fund recycled to scale the FUM.<\/p>\n<p>Magnolia has successfully been providing private real estate finance and other services to ultra-high net worth individuals since 2015, but is now prioritising equities and other alternative funds management as the core of its business.<\/p>\n<p>Magnolia charges extremely competitive management fees for an actively managed fund of 1 per cent&#160;per annum, plus 19.5 per cent&#160;carried interest over a 5 per cent&#160;hurdle.&#160;<\/p>\n<p>Managing Director, Founder,&#160;and CIO Mitchell Atkins believes Magnolia&#8217;s secret sauce lies in its strong alignment to investors, deep relationships, proprietary deal flow, a highly active approach to asset management, and its high-performing and uncharacteristically young investment team.<\/p>\n<p><b><span class=\"xn-person\">Mitchell Atkins<\/span>, MD, CIO &#038; Founder of Magnolia Capital, said:<\/b>&#160;&#034;We are extremely proud of the performance of our microcap fund, and the 20+ team at Magnolia Capital that has made this possible.<\/p>\n<p>&#034;Magnolia Capital started from humble beginnings, representing the investment interests of a small number of ultra-high net worth individuals. But we are now diversifying our investor base to accept investment from a wider range of sophisticated and institutional investors.&#034;<\/p>\n<p>&#034;We put our own money where our mouth is, backing each of our funds with a majority contribution from our balance sheet. Our management fees purely cover the cost of building value for our investors and are a reflection of our total and complete alignment on the above-market performance and returns we generate.&#034;<\/p>\n<p>The Fund was launched on <span class=\"xn-chron\">3 November 2020<\/span>, however Magnolia started successfully trading the microcap strategy from its own balance sheet from <span class=\"xn-chron\">May 2019<\/span>.<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/www.magnoliacapital.com.au\/\" rel=\"nofollow\">Magnolia Capital<\/a>&#160;is a boutique funds management and advisory group with nearly <span class=\"xn-money\">$1 billion<\/span> in funds under advice, operating across <span class=\"xn-location\">Australia<\/span>, <span class=\"xn-location\">Hong Kong<\/span>, and <span class=\"xn-location\">Singapore<\/span>. Its Australian micro-cap fund was the top performer in its category <span id=\"spanHghlt75e5\">in 2021.<\/span> Magnolia was founded in 2015 and built its reputation as a specialist property and alternatives investor for family office and ultra-high net worth clients, but has since diversified and now also counts institutional investors as investors.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\">  <\/div>\n","protected":false},"excerpt":{"rendered":"<p>SYDNEY, March 3, 2022 \/PRNewswire\/ &#8212; Boutique investment and advisory firm Magnolia Capital&#160;has released its CY 2021 data that confirms&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[105],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/99981"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=99981"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/99981\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=99981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=99981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=99981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}