| Report Date | 14 October 2010 |
| Manager | Fortitude Capital |
| Fund Name | Fortitude Capital Absolute Return Trust |
| Strategy | Equity Market Neutral |
| Latest Return Date | September 2010 |
| Latest Return | 0.58% |
| Latest 6 Months | 0.67% |
| Latest 12 Months | 1.87% |
| Latest 24 Months | 10.11% |
| Annualised Since Inception | 9.14% |
| Inception Date | 15 February 2005 |
| FUM (millions) | AU$25 |
| Fund Overview | Fortitude Capital Absolute Return Trust is a multi-strategy market neutral fund specialising in listed Australian equities and derivatives. The core philosophy is the management of risk through a long volatility overlay incorporating listed equity and index derivatives. The multi-strategy approach includes M&A, Yield, Convergence and Long/Short strategies. The portfolio managers adopt an aggressive approach to managing downside risk whilst positioning the portfolio to benefit from positive alpha. |
| Manager Comments | Derivative positions drag on September performance, while long short, mergers and acquisitions, convergence, and yield strategies all produced positive outcomes. |
| More Information | » View detailed profile of this fund |
