Charity-linked IM Third Link adds Eley Griffiths to ‘fund of fund’ line-up

Patrick Buncsi

13 December 2024

Third Link, an Australian equities investment manager boasting not-for-profit bona fides, has confirmed the addition of Eley Griffiths Group (EGG) to its fund of fund line-up.

The deal sees EGG and its Mid Cap Australian Equities Fund added to Third Link’s line-up of underlying investment managers for its flagship Growth Fund.

EGG’s Mid Cap fund specialises listed Australian and New Zealand companies that fall outside S&P/ASX 20 index, geared at investors with ‘high and ‘very high’ risk and return profiles.

Since inception in November 2023, the fund has delivered 29.1% returns, 5.2% above its benchmark indices.

Third Link founder and Growth Fund portfolio manager Chris Cuffe welcomed the EGG fund as “an excellent addition to our portfolio, diversifying our current investment allocation across Australian equities”.

“The benefit of partnering with experienced active managers like Eley Griffiths Group is their ability to identify and capitalise on market opportunities in real-time,” he said.

EGG is a Sydney-based Australian listed mid-, small- and emerging companies investment specialist, adopting a neutral or style-agnostic investment approach.

The Third Link Growth Fund itself has delivered 19.9% returns to investors over the 12 months to the end of October 2024, a modest -5.0% drop from its benchmark index.

Third Link, a fund of fund investment manager, operates a unique, not-for-profit-focused operating model in which all management and performance fees are rebated to nominated charitable causes.

Since the inception of the fund in 2008, Third Link reports that its pro bono approach has generated more than $22 million in donations to Australian charities.

For Cuffe, the pro bono contributions from fund managers including EGG enable Third Link to deliver on its defining ‘dual mandate’ – “to deliver strong investment outcomes while supporting Australian charities.

The Third Link Growth Fund can be accessed through the BT Panorama or Netwealth platforms or directly via the firm’s website.