Coolabah Capital

[Garpal Gumnut]

I've just watched a video of Col Joye of Coolabah Capital which was illuminating.

I've never really looked at using a fund like this to invest in bonds and fixed income, a specialist area beyond my own experience. This is an extract from Intelligent Investor on the fund from about 3 years ago.

Coolabah is an interesting player in the fixed income market because it uses this lesser-known strategy – looking for discrepancies in market pricing of high-quality bonds and trading aggressively many times a day to make its targeted returns. A video on Coolabah’s website featuring portfolio manager Ying Yi Ann Cheng claims the company typically trades 70 times a day in securities worth $100 million. That’s a very active fund!

The company is supported by a large research team – 13 analysts and five portfolio managers - with impressive, global credentials. Not least is its Chief Investment Officer, and well-known commentator, Chris Joye.

The firm also states it has 30-40 proprietary models which it uses to assess anomalies in the market. Having previously worked for a quantitative credit rating agency, Coolabah’s models would be analysing massive amounts of data, past trades and probabilities to make current market decisions. The models should also become better predictors of market moves as more data is imported into the system. This approach is very much scientific and quite difficult to analyse

Any thoughts from those familiar with this fund?

gg

 

[Dona Ferentes]

Elizabeth Moran is an old FIIG talking head / bond trader. I wondered where she got to.

What's the spread? the management fees?

 

[investtrader]

@Dona Ferentes here is their May report.

 

[divs4ever]

I've just watched a video of Col Joye of Coolabah Capital which was illuminating.

I've never really looked at using a fund like this to invest in bonds and fixed income, a specialist area beyond my own experience. This is an extract from Intelligent Investor on the fund from about 3 years ago.



Any thoughts from those familiar with this fund?

gg

the LIC CAM is as close as i get ( since about 2018 ) to exposure to bonds and other fixed income assets ( and CAM mixes that with stock holdings )

if Coolabah trades that often keep a watchful eye on fees and and out-performance fees

and i am not saying they don't earn them , but hard work comes at a cost , and that might be unappealing to some

 

[Garpal Gumnut]

the LIC CAM is as close as i get ( since about 2018 ) to exposure to bonds and other fixed income assets ( and CAM mixes that with stock holdings )

if Coolabah trades that often keep a watchful eye on fees and and out-performance fees

and i am not saying they don't earn them , but hard work comes at a cost , and that might be unappealing to some

Thank you Divsie @divs4ever .

I must correct my initial post, the Chief Investment Officer & Senior Portfolio Manager of Coolabah Capital is CHRIS Joye not the warbler Col Joye.

Col managed to recover from inflicting the Bee Gees on an unsuspecting public to do many good works through a life still going to my knowledge. He was on stage with Little Pattie at Nui Dat when the Battle of Long Tan commenced. His portrait is in the National Gallery.

Chris Joye seems like an intelligent person with a raft of stories and insights over a long trading career. He contributes articles to the AFR.

gg

 

[divs4ever]

Thank you Divsie @divs4ever .

I must correct my initial post, the Chief Investment Officer & Senior Portfolio Manager of Coolabah Capital is CHRIS Joye not the warbler Col Joye.

Col managed to recover from inflicting the Bee Gees on an unsuspecting public to do many good works through a life still going to my knowledge. He was on stage with Little Pattie at Nui Dat when the Battle of Long Tan commenced. His portrait is in the National Gallery.

Chris Joye seems like an intelligent person with a raft of stories and insights over a long trading career. He contributes articles to the AFR.

gg

trading that much on the 'bond market' would certainly have had some highlights ( and nervous moments )

he is way above my skillset in that area , but there is money to be made for those with a quick mind and even faster reflexes

now one interesting trap in the bond market will be CBDCs , if they are programmed , how long will an investor ... be an investor with you ( you might be sanctioned , the bond issuer might be sanctioned , etc etc etc.) and it will all be electronic and virtually instantaneously

won't be hard to wreck that market