ASX Event Performance
The Event Portfolio differs from our other portfolios, in that it is not a fully invested portfolio, meaning showing performance as an overall portfolio is less relevant.
Opportunities, such as takeover arbitrage, are based on the market environment at the time, meaning there are times when we are holding many positions at the same time, and others when we are holding very few. As such, it can be misleading to show percent returns based on an entire portfolio, as the levels of cash differ throughout time. However, it is important to understand the long-term performance and success rate of the Event Portfolio to determine if investing is the right decision for you.
Over the last six years, there have been an average of roughly eleven Event investments per annum, with 83% of those investments returning a profit and an average return per investment of 5.67%. Additionally, the average holding time per investment was 102 days or just over three months.
Trade Stats
All stats are for closed trades between 1st of January 2016 and 4th of August 2022.
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023* | 2016-2023 | |
| Total Number of Trades | 11 | 6 | 13 | 13 | 16 | 12 | 19 | 1 | 86 |
| Win Ratio | 64% | 83% | 85% | 54% | 88% | 100% | 100% | 100% | 83% |
| Average Days in a Trade | 78 | 88 | 123 | 78 | 118 | 107 | 140 | 120 | 125 |
| Average Return per Trade | 3.09% | 2.38% | 5.94% | 1.36% | 5.15% | 12.86% | 6.93% | 2.44% | 5.67% |
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Worst Trade | -7.77% | -0.55% | -4.26% | -3.03% | -79.15% | 1.30% | 0% | 2.44% |
| Best Trade | 18.67% | 7.14% | 21.72% | 14.77% | 69.42% | 39.70% | 26.10% | 2.44% |
*Partial year – trades closed until 8th May 2023
Distribution of Returns
Across this years:
- 16% of the trades resulted at a loss greater 1%
- 78% of the trades resulted at a profit that is greater than 1%
- 24% of the trades resulted in a profit greater than 10%
This long tail in profitable trades is the reason this portfolio has one of the best risk-adjusted return, within our portfolios.
*Partial year – trades closed until 3rd March 2023
