Latest News

  • Monthly Update – December 2019

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  • Monthly Update – November 2019

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  • Responsible Entity Notice to Investors

    Celeste Australian Small Companies Fund – Product Disclosure Statement (PDS) Notification of Reduction in Management Fee (from 1.2% p.a. to 1.1% p.a.); Changes to Fund Objective & Portfolio Metrics

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  • Monthly Update – October 2019

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  • Quarterly Newsletter – What is driving our high electricity prices?

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  • Monthly Update – September 2019

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  • What’s happening in Small Caps?

  • Scheme Financial Statements

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  • Under The Radar Report (Issue 363)

    Frank Villante speaks to Under the Radar on small caps and what makes a successful investor.

  • Celeste upgraded in the latest FE/Fundinfo Crown Ratings

    The Celeste Australian Australian Small Companies Fund has been upgraded from two Crowns in February to five Crowns.

    Five Crowns were awarded to funds which were in the top 10% based on alpha, volatility and consistently strong performance. In total, there were 17 funds in this sector awarded a five Crown rating.

    Paul Biddle, portfolio manager of the Celeste Australian Small Companies fund, said: “We tend to stick to our knitting and invest in good quality, strong business franchises with clean accounting. 

    “Our broad investment process hasn’t changed over the three years, we run a concentrated portfolio with 30-35 stocks which has proven to be a value-add strategy in the long term.”

    He said there were opportunities in small-cap stocks more so than large caps as they were less covered by analysts.

    “If you can find those small-cap companies that can grow into big companies then you can make big gains. But you have to have a disciplined process to make sure you avoid those companies that disappear or those which are too complex. There are a lot more pitfalls,” he said.