Hearts and Minds Investments Limited

Hearts & Minds Investments

A group of Australian fund managers have joined forces to launch a listed investment company - called Hearts and Minds Investments Limited - that will not only provide investors with a high conviction portfolio, but will also support leading Medical Research Institutes in Australia.

Hearts and Minds Investments Limited will invest in a concentrated portfolio of approximately 25 securities based on the highest conviction ideas from two groups of fund managers listed below.

Core fund managers - 60% of the LIC's portfolio will be held in approximately 15 stocks based on three recommendations, reviewed quarterly, from each of five leading fund managers: Caledonia, Cooper Investors, Magellan, Paradice Investment Management and Regal Funds Management.

Conference fund managers - 40% of the LIC's portfolio will be held in approximately 10 stocks based on the recommendations of fund managers presenting at the annual Sohn Hearts and Minds Investment Conference.

The LIC will donate 1.5% (plus GST) per annum of the average net tangible assets (NTA) for the previous half year to designated charities every 6 months.

The LIC has already received pre-commitments exceeding $225 million and is seeking to raise $500 million. It will not accept over subscriptions and a listing date of 21 November 2018 is proposed.