Hearts and Minds Investments lifts value

Hearts and Minds Investments has increased in value by 20 per cent since listing last November and now has an net asset value of $600 million.

The listed investment company was created from the annual Hearts and Minds conference, with stock suggestions from the conference backed by five fund managers.

They include Magellan, Caledonia, Regal, Cooper Investors and Paradice.

The fund trades at $3 a share, outperforming the market by 13 per cent since listing.

It has no fees and 1.5 per cent of the fund’s net asset value is donated to charity, which means that so far, $9 million has been invested.

Hearts and Minds says PagSeguro, the Brazilian money merchant business, pitched by Beeneet Kothari from Tekne Capital in New York, is the conference portfolio’s top returner, up 67 per cent in US dollars and 72 per cent in Australian dollars.

It says Amazon, Airbus, DocuSign, and New Oriental Education, all pitched at last year’s conference, have also been among the top performers, returning between 25 and 59 per cent.

The next conference is in Sydney on November 22.


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