| Report Date | 17 June 2010 |
| Manager | Blue Sky Funds Management |
| Fund Name | Apeiron Global Macro Fund - Class A |
| Strategy | Global Macro |
| Latest Return Date | May 2010 |
| Latest Return | 2.36% |
| Latest 6 Months | 4.01% |
| Latest 12 Months | -5.45% |
| Latest 24 Months | 13.00% |
| Annualised Since Inception | 12.37% |
| Inception Date | 01 February 2006 |
| FUM (millions) | AU$8 |
| Fund Overview | Apeiron Global Macro Fund (the Fund) utilises directional strategies in futures, options and foreign exchange markets. The Fund exploits the mismatch between value as determined by the economic fundamentals and price as reflected by market emotion. |
| Manager Comments | The Blue Sky Apeiron Fund (Class A units) was up +2.36% in May and the manager remains cautious about the economic outlook. The manager expects that the fiscal austerity required of the weaker European states will create headwinds for growth so remains short equity markets. The manager believes that there will also be economic data coming out of China that will reflect a similar message, that Chinese growth is slowing.
At the end of the month the fund was short SPI, FTSE equity futures, and Japanese Government Bond Futures. The fund held long positions in Japanese Government Bond Put Options, US Treasury Bond Put options, USD/JPY, Gold, Natural Gas and Coffee futures. |
| More Information | » View detailed profile of this fund |
