Global equities newcomer GCQ Funds Management says its bets on super-luxury goods and local monopolies are paying off.
Global equities newcomer GCQ Funds Management’s bets on super-luxury goods and local monopolies appear to be paying off, with the firm trumpeting 13.1 per cent returns for the December half.
Its super luxury goods investments - Richemont, LVMH and Hermes - had a long track record of consistent price increases GCQ told clients, while a couple of its other holdings had spent decades building monopoly positions before pulling the trigger on price.Brook Mitchell Its biggest positions at December 31 were Visa and Amazon. It typically owns about 20 stocks at any one time.
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