Kingfish, the investment company, reported a gross performance return of 1.2% and an adjusted net asset value (NAV) return of 1.1% for July.
This compares to a 1.8% return for the S&P/NZX 50 benchmark.
The company said it was a quiet month for news, as many of its portfolio companies were preparing to report results in August.
Fisher & Paykel Healthcare, one of Kingfish's holdings, hosted an investor day in Melbourne, highlighting its progress in changing clinical practice in the Australian market.
Mainfreight, another portfolio company, provided a trading update that showed a 24% decline in profit before tax, which Kingfish said was unexpected.
Summerset, a retirement village operator, reported a 21% increase in total unit sales for the June quarter.
Kingfish's share price was $1.34, representing a 0.7% discount to its adjusted NAV.
See more
