Datt boasts ‘stellar’ FY24 returns for its flagship funds

Melbourne-based boutique fund manager Datt Capital achieved its “best year since inception” for its flagship Absolute Return Fund, delivering a 38.45% net return over FY2024.

The Datt Absolute Return Fund beat its benchmark by 28.75% in the 12 months to end of June 2024, the fund manager announced today.

The ‘market-cap agnostic’ fund focuses on Australian listed assets covering a diversity of asset classes.

“In an environment fraught with economic volatility, geopolitical tensions, and volatile markets, staying true to our investment philosophy and remaining agile whilst detaching ourselves from the daily noise of the markets led to this fantastic outcome,” said Datt Capital chief investment officer Emanuel Datt.

Meanwhile, Datt’s Capital Small Companies Fund, a highly concentrated fund with an investable universe outside the ASX100, returned 26.28% in the nine months since its inception, 14.78% above the benchmark S&P/ASX Small Ordinaries Accumulation Index over the same period.

Datt notes that its objective for the fund is to “identify and invest in the ‘Blue Chip’ companies of tomorrow whilst outperforming the S&P/ASX Small Ordinaries (XSOA) index by 5% p.a. over a rolling five-year timeframe”.

“We continue to strategically position our small cap fund to take advantage of any upcoming market disruptions as well as exercising strict discipline in our portfolio selection process,” Datt said.

At end June, Datt’s Capital Small Companies Fund held 25 positions, with the top five positions accounting for 49% of the portfolio.

The fund was established in October 2023.