Investor Letters

Letters through August 31, 2023

1 letter reporting on the period ending August 31, 2023, in each firm's own reckoning.

Forager Funds Management Forager Australian Shares Fund Monthly Report August 2023 Forager Australian Shares Fund backed Readytech’s organic software growth and cash-margin potential, and cited RPMGlobal’s expanding mining-software revenue and client wins. It expects Tourism Holdings to benefit from higher rental yields and recovering tourism, while likely supporting Pacific Equity Partners’ takeover of Healthia and redeploying the proceeds. August 2023 RDY $108MTHL