Min Raise
$16,500,000
Max Raise
$200,000,000
Estimated Close
2018-12-07
Issue Type
IPO
Lead Manager
Bell Potter Securities Ltd, Shaw and Partners Ltd, Morgans Financial Ltd, Baillieu Holst Ltd, Patersons Securities Ltd
Type of Securities
Shares
Date First Lodged
02/11/2018
Offer Costs $
$3,633,106
Market Cap Max
$200,000,000
Key Executives
David Griffith (ID), Karl Siegling (NIC), Susan Oakes (ID), Wayne Davies (NID)
Company Address
Level 11 131 Macquarie Street Sydney NSW 2000
Stockbroker's Snapshot
LIC with ST price trend focus
Exchange
ASX
Chairman's Letter

Dear Investor,
On behalf of Cadence Asset Management, I am
pleased to offer an investment opportunity to
become a Shareholder in Cadence Opportunities
Fund Limited (Company).
The Company is a new listed investment
company and will be the second managed by
Cadence Asset Management Pty Limited
(Manager).
The Company is seeking to raise up to
$100,000,000 (before Oversubscriptions) under
its initial public offer of ordinary shares in the
Company (Offer) and to obtain a listing on the
ASX. The Board may accept an additional
$100,000,000 in Oversubscriptions.
The Offer includes a Priority Allocation of up to
40% of the total number of Shares issued under
the Offer, which has been reserved for existing
shareholders of Cadence Capital Limited and
recipients of the Manager’s electronic newsletter.
The Offer is open to investors with a registered
address in Australia.
Our existing listed investment company, Cadence
Capital Limited, which was established 13 years
ago, uses a combination of fundamental and
technical research. Cadence Capital Limited has
produced a gross return of 14.9% per annum
since inception in October 2005 to 30 September
20181
.
Since launching Cadence Capital Limited 13
years ago as a ‘one-man band’, the Manager has
grown to a team of 7 (3 experienced investment
professionals with diverse expertise in the
financial markets and 4 operational
professionals). The team at Cadence Asset
Management Pty Limited works closely together
to deliver investment performance as well as
detailed, timely and transparent reporting on our
Investment Process. I am proud of the Manager’s
performance.
The new Company will have a greater focus on
shorter term price trends than our existing listed
investment company.
The Company has been set up to deliver riskadjusted returns through investment cycles, and
to complement the longer term strategy of our
first listed investment company, Cadence Capital
Limited.
You are encouraged to read the Prospectus
carefully as it contains detailed information about
the Company and the Offer. Like all investments,
an investment in the Company carries risks. The
performance of the Company will depend on our
ability to deliver on our investment objectives. As
the Company will predominantly invest in listed
securities, the Company will always be subject to
market risk as the market price of these listed
securities can fluctuate.
It is particularly important for potential investors
to review carefully the risks associated with an
investment in the Company. These are detailed
in Section 5. Investors are encouraged to contact
their stockbroker, solicitor, accountant or other
professional adviser before deciding whether to
apply for Shares and before making any
investment decisions in relation to the Company.
I will personally invest $2,000,000 in the Offer. As
is the case with our existing fund, Cadence
Capital Limited, I intend to add to this position
over time.
As investors in the Company, we recognise the
importance of shareholder communication and
aim to keep investors informed of their
investments through newsletters, webcasts,
editorial articles and insights into Securities within
the Portfolio.
I hope you will join me as a Shareholder in the
Company.
If you have any questions, please contact me, or
a member of our team on (02) 8298 2450.
Yours sincerely
Karl Siegling, Chairman