| Report Date | 11 October 2010 |
| Manager | Lanterne Strategic Investors Pty Ltd |
| Fund Name | Lanterne Arran Fund |
| Strategy | Equity Long/Short |
| Latest Return Date | September 2010 |
| Latest Return | 1.68% |
| Latest 6 Months | 2.98% |
| Latest 12 Months | 8.33% |
| Latest 24 Months | 32.80% |
| Annualised Since Inception | 9.07% |
| Inception Date | 01 August 2004 |
| FUM (millions) | US$40 |
| Fund Overview | The fund investment objective is to achieve superior absolute returns in all market environments, with an emphasis on capital preservation. Lanterne's Arran is an active long/short equity fund that invests in predominantly Australian top-100 stocks. It pursues three main strategies, which begin with a quantitative process to achieve market neutrality, and are overlaid with qualitative decisions that introduce long or short biases. The philosophy is to take advantage of investment possibilities regardless of the market environment, whilst protecting the downside through active risk management. |
| Manager Comments | Lanterne's Arran (offshore) L/S equity fund is looking forward as the AUD nears parity, and prepares for two equally balanced economic scenarios with significantly different outcomes.
One scenario sees markets consolidate, possibly without moving much higher, allowing the current environment of cheap money, moderate inflation and strong economic growth to allow a strong rally towards the end of the year in Asian Pacific markets (ex Japan).
On the other hand, the possibility of significant falls, possibly due to renewed fears regarding the US economy or European sovereign debt, might see markets fall and a general de-risking as global investors move to cash.
On the currency front Lanterne are focusing on the major implications for many Australian companies of the AUD consolidating around parity. |
| More Information | » View detailed profile of this fund |
