International equities manager Cadence Capital Limited (ASX: CDM) shares are stalled at $1.30 at the time of writing after the company posted a record FY18 profit after tax of $41.2 million – up 12% on FY17.
The results revealed Cadence outperformed the All Ordinaries Accumulation Index by 4.5% while holding around 20% cash with fund gross performance of 18.2%.
Cadence chair Karl Siegling named the top contributors to the fund's stellar performance as: Noni B Limited (ASX: NBL), ARQ Group Ltd (ASX: ARQ), Macquarie Group Ltd (ASX: MQG), Emeco Holdings Limited (ASX: EHL), Shine Corporate Ltd (ASX: SHJ), Independence Group NL (ASX: IGO) and Facebook.
Cadence will launch the Cadence Opportunities Fund in coming months, with the IPO looking to raise $250 million with priority allocation for existing Cadence Capital shareholders.
Cadence shareholders will be paid a 4c per share fully-franked dividend in September.