Adamantos Global Equity Long/Short Strategy and Fund

Liquid and uncorrelated deep value with a focus on downside protection during stress events

Adamantos Strategy

Global Equity Long/Short

Adamantos means unbreakable in ancient Greek, and is the root of the word diamond. The Strategy is named based on how the portfolio is constructed – it invests in highly robust, cash generative and stable companies, and positions against highly volatile, highly valued, and often unprofitable ones. This has resulted in strength when markets have been under pressure.

Adamantos Strategy Performance

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Adamantos

Cash +5%

Monthly performance, based on returns achieved by the Adamantos Strategy since inception on 31 August 2020. Returns are in Australian dollars, net of fees. "Cash" refers to the RBA Cash Rate. Past performance is not a reliable indicator of future returns.

Investors can access the Adamantos Strategy via the Adamantos Fund.

How to Invest

Adamantos Strategy Overview

Strategy Inception	31 August 2020
Investment Approach	Global Equity Long/Short strategy blending quantitative and fundamental investing; deep value long book and expensive valuation short book; benchmark-agnostic; diversified across sectors and geographies.
Investment Objective	Strong, positive, risk-adjusted absolute returns over the long term, while minimising downside volatility during periods of market stress.
Return Objective	RBA Cash Rate + 5% (Net of Fees)
Typical number of positions	Typically more than 100 positions with a maximum position size typically less than 5%.
Geography	Global, invested across both developed and emerging markets.
Strategy Exposure	Maximum Net Exposure: 100% (typically 50–70%) Maximum Gross Exposure: 200% (typically less than 150%)
Investment Manager	Mihic Fund Management Pty Ltd \| ACN 686 463 552 Portfolio Manager: Sava Mihic

Strategy Inception

31 August 2020

Investment Approach

Global Equity Long/Short strategy blending quantitative and fundamental investing; deep value long book and expensive valuation short book; benchmark-agnostic; diversified across sectors and geographies.

Investment Objective

Strong, positive, risk-adjusted absolute returns over the long term, while minimising downside volatility during periods of market stress.

Return Objective

RBA Cash Rate + 5% (Net of Fees)

Typical number of positions

Typically more than 100 positions with a maximum position size typically less than 5%.

Geography

Global, invested across both developed and emerging markets.

Strategy Exposure

Maximum Net Exposure: 100% (typically 50–70%)
Maximum Gross Exposure: 200% (typically less than 150%)

Investment Manager

Mihic Fund Management Pty Ltd | ACN 686 463 552
Portfolio Manager: Sava Mihic

Adamantos Fund

Australian Retail Unit Trust

The Adamantos Fund is a registered managed investment scheme that provides investors with access to the Adamantos Strategy.

Adamantos Fund Performance

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Adamantos

ACWI

Cash +5%

Shows the growth of $200,000 invested from 31 December 2025, based on returns achieved by the Adamantos Fund after fees. Returns are in Australian dollars. "Cash" refers to the RBA Cash Rate. "ACWI" refers to the MSCI All Country World Index (source: FactSet Research Systems). Past performance is not a reliable indicator of future returns.