NEWS
Performance Report: Mathews Velocity Fund
9 Feb 2011 - Australian Fund Monitors
Mathews Capital's Velocity Fund returns 0.73% in January as their positions in the coal sector continue to drive performance to take 12 month returns to +47.64%.
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9 Feb 2011 - Performance Report: Mathews Velocity Fund
By: Australian Fund Monitors
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| Fund Overview | The Manager does not target a specific investment style. The Manager's investment strategy is based on attempting to pick emerging trends in the equity and commodity markets. |
| Manager Comments | However, it was a reasonably volatile month for the market and the Fund finished January well off its intra-month peak. In terms of the Fund’s performance top contributors were: Bathurst Resources (coal) +25%; Carabella Resources (coal) +28%; NRW Holdings (mining services) 12%; Macarthur Coal short (coal) -9%; Coal & Allied (coal) 7%. On the negative side positions in several gold stocks in particular had a healthy correction following the 6% fall in the gold price over January. |
| More Information | » View detailed profile of this fund |
Performance Report: Platinum International Fund
8 Feb 2011 - Australian Fund Monitors
Platinum Asset Management's International Fund (Australia's largest absolute return fund at over $9.5 bn. in FUM) adds 3.9% in January
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8 Feb 2011 - Performance Report: Platinum International Fund
By: Australian Fund Monitors
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| Fund Overview | Typically, the Fund's portfolio will have 50% or more net exposure to stocks. The Fund's portfolio is constructed in accordance with Platinum's Investment Methodology. |
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| More Information | » View detailed profile of this fund |
Performance Report: Herschel Absolute Return Fund
7 Feb 2011 - Australian Fund Monitors
Herschel's Absolute Return fund starts 2011 up 4.25% in January, with gains from both the long and short book, and taking annualised performance to 17.45% since inception.
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7 Feb 2011 - Performance Report: Herschel Absolute Return Fund
By: Australian Fund Monitors
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| More Information | » View detailed profile of this fund |
Performance Report: PM CAPITAL Absolute Performance Fund AUD
4 Feb 2011 - Australian Fund Monitors
PM Capital's Absolute Performance Fund kicks off 2011 with a positive return of 8.6% for January.
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4 Feb 2011 - Performance Report: PM CAPITAL Absolute Performance Fund AUD
By: Australian Fund Monitors
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| More Information | » View detailed profile of this fund |
Performance Report: K2 Asian Absolute Return Fund
2 Feb 2011 - Australian Fund Monitors
K2's Asian Absolute Return Fund has a positive return of +0.53% in January in spite of significant market falls in a range of Asian markets
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2 Feb 2011 - Performance Report: K2 Asian Absolute Return Fund
By: Australian Fund Monitors
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| Manager Comments | Although the broader MSCI Asia (ex Japan) index rose 1.2% for the month in AUD terms, this masked significant falls in India (-10.6%), The Philippines (-7.6%), Thailand (-6.6%) and Indonesia (-6.5%), while Korea, Taiwan and Hong Kong all gained ground. At month end the fund's exposure in Australia was lifted to 30%, at the expense of China/Hong Kong and Singapore, although exposure to China still remained around 30%. |
| More Information | » View detailed profile of this fund |
Performance Report: Instinct Japan Opportunity Fund
31 Jan 2011 - Australian Fund Monitors
Instinct Japan Opportunity Fund returns 3.74% in December to finish 2010 up 35.21%
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31 Jan 2011 - Performance Report: Instinct Japan Opportunity Fund
By: Australian Fund Monitors
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| Fund Overview | The Fund has a forward looking approach and specialises in trading highly liquid listed Japanese companies, and is focused on short term events only. The fund's objectives are to return 3-5% per trade, with a 5-10 day holding period for each position, and a win/loss ratio per trade of 70% to provide investors with a targeted annual return of 20-25%. |
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| More Information | » View detailed profile of this fund |
Performance Report: Mathews Velocity Fund
28 Jan 2011 - Australian Fund Monitors
Mathews Velocity Fund enjoys a strong December up 8.83% to return +37.57 for 2010 as coal and mining services produce strong gains
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28 Jan 2011 - Performance Report: Mathews Velocity Fund
By: Australian Fund Monitors
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| Fund Overview | The Manager does not target a specific investment style. The Manager's investment strategy is based on attempting to pick emerging trends in the equity and commodity markets. |
| Manager Comments | The coal sector was a strong contributor with strengthening coking coal prices assisting the fund's holding in Bathurst which rose 39%, while Rey Resources gained 67%, and Gloucester Coal rose 19%. Gross exposure as at the end of the month stood at 129% (113% long and 15% short) with net exposure at 98%, with equities accounting for approximately 95% of gross with commodities via futures and options the balance. Sector allocations remain strongly skewed to the resources sector with Coal (37%), Gold (32%) and Base Metals and Energy (10%) dominating while the top 5 positions accounted for 37% of NTA and the top 10 56%. |
| More Information | » View detailed profile of this fund |
Performance Report: Kima Capital Pan Asian Fund
27 Jan 2011 - Australian Fund Monitors
Kima sees out 2010 to record a return of 11.77% for the year, while December's performance reflected end of year de-risking and profit taking.
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27 Jan 2011 - Performance Report: Kima Capital Pan Asian Fund
By: Australian Fund Monitors
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| Fund Overview | This objective is achieved via a systemised approach to trading strategies which have been tried, tested and proven in a variety of market environments within the Pan Asian equities arena. Kima is managed by Justin Klintberg. Justin brings his verifiable track record, an experienced team, new proprietary systems along with liquidity at portfolio and fund level and most importantly transparency for investors. |
| Manager Comments | Kima also reported that deal flow dried up over the course of December but they continued to hold core positions and noted that the pipeline has built quickly during January with several block trades coming to market and some interesting IPOs on the horizon. |
| More Information | » View detailed profile of this fund |
Performance Report: Pengana Global Small Companies Solution
25 Jan 2011 - Australian Fund Monitors
Pengana's Global Small Companies Solution benefits from strong returns from the global small cap sector to return 6.5% in December.
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25 Jan 2011 - Performance Report: Pengana Global Small Companies Solution
By: Australian Fund Monitors
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| Fund Overview | The Fund uses a multi manager approach, investing with regional small company investment specialists to produce a global portfolio. To maximise the returns generated the Fund uses active investment managers with portfolios that are not overly diversified (the Fund will generally have exposure to between 40 and 80 stocks in each region). |
| Manager Comments | Asset Allocation remained evenly divided between the fund's sub managers in North America, Europe and Asia, with the latter's allocation split between Japan and Ex Japan. |
| More Information | » View detailed profile of this fund |
Performance Report: Global Trading Strategies Fund (Class A)
24 Jan 2011 - Australian Fund Monitors
Global Trading Strategies ends 2010 with a strong month, but sounds a warning over Asian inflation and US and UK fiscal imbalances
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24 Jan 2011 - Performance Report: Global Trading Strategies Fund (Class A)
By: Australian Fund Monitors
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| Manager Comments | Commenting on the outlook for 2011, GTS warned about inflation in Asia and structural weaknesses in North America and the UK, while noting that trading in the Euro would perhaps provide significant opportunities in the year ahead. |
| More Information | » View detailed profile of this fund |
