Commodity Strategies' Long Short Fund posted an impressive 4.28% return in November. Metals including gold, silver and platinum were the main positive contributors

AR Capital's Ascot Fund returned a positive 0.15% for the month as the fund was caught out with a conservative stance while waiting for events in the middle east to play out, so missing out on the almost 3% upward swing on November 30.

Regal's Tasman Market Neutral Fund finished November up 2.7%, making profits on both long and short positions.

Bennelong's Long Short Equity Fund performed well in November, gaining 1.71%. However the manager said performance was adversely impacted late in the month by large volatility swings in world makets due to Dubai related credit issues.

Blackrock's Asset Allocation Fund gained 0.51% in October and is up 10.6% over the last 12 months. The manager says that major contributors to performance have been the Equity/Equity Strategy

The Wingate Global Equity Income Fund saw a small loss of 1.15% in October and over the last year remains down 2.18%. However this is significantly better than the fund's benchmark

Apostle's Loomis Sayles Credit Opportunities Fund was up 1.07% for the month, bringing their return for the year to 28.25%, although looking at the last two years the fund is still down 3.69%.

Prodigal's Absolute Cayman Fund had another strong performance in October, up 3.87%, continuing a trend that has seen the fund gain almost 60% since the start of this year.

Fortitude's onshore fund continues to produce positive returns as equity markets falter.

Herschel's Absolute return fund has reported a gain of 1.2% for October, largley due to investments in Galaxy Resources, Share Price Index Futures, Ten Network and Virgin Blue.