Kestrel Trading Investment Profile
Strategy Description
Kestrel Trading specialises in interest rate focused opportunities in the Australian market. Strategies are considered medium term relative value investments with an absolute return benchmark. The performance measure adopted by the company is a 3yr rolling return with a monthly volatility of approximately 6%.
Investment Manager
Osprey Capital Pty Ltd is the investment manager for Kestrel Trading and receives a monthly management fee. The Sole Director of Osprey Capital and Kestrel Trading is Chris Fleming. He has over 17 years experience in trading Financial Markets, having worked in senior trading roles at Bankers Trust and Lehman Brothers in Sydney, Japan and London.
Management Fees
Management fees are performance based and are calculated as 25% of any increase in the accumulated earnings.
Dividends and Franking Credits
Kestrel Trading intends to make annual dividends payments out of retained profit. Dividends are expected to be fully franked and determined so as to maximise the payout of any available franking credits