Cornerstone’s September return was 8.76% (annualised) against the fund’s target return of the RBA OCR + 4% (8.35%).
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Cornerstone’s September return was 8.76% (annualised) against the fund’s target return of the RBA OCR + 4% (8.35%). In September the portfolio increased to 17 loans to 16 separate borrowers, averaging $0.3m per loan.
As the fund grows we are able to reduce concentration in any one loan or borrower, and at September maximum loan and borrower exposures were 9% and 16% respectively. These will decrease in coming months.