Wilson Asset Management's active listed investment company has delivered a record 75% return, driven largely by a strategic pivot to cash in February and a concentrated position in Firmus.
Portfolio manager Shaun Weick identified the timing of the cash move as critical, allowing the fund to capitalize on subsequent market movements.
The performance is anchored by the firm's stake in Firmus, a neocloud provider that Weick believes could reach a $50 billion valuation when it eventually floats later this year.
The performance is anchored by the firm's stake in Firmus, a neocloud provider that Weick believes could reach a $50 billion valuation when it eventually floats later this year.
The fund's success highlights the potential for outsized returns in Australian-listed vehicles that target high-growth technology themes before they reach broader market liquidity.
Weick's conviction in Firmus underscores a broader appetite for pre-IPO tech exposure among active managers.
Australian shares are expected to open higher on Thursday, tracking a rebound in global risk sentiment driven by a strong finish for US technology stocks.