| Report Date | 16 October 2010 |
| Manager | Katana Capital |
| Fund Name | Katana Capital Ltd |
| Strategy | Equity Long |
| Latest Return Date | September 2010 |
| Latest Return | 4.46% |
| Latest 6 Months | 0.93% |
| Latest 12 Months | 9.86% |
| Latest 24 Months | 34.93% |
| Annualised Since Inception | 11.34% |
| Inception Date | 01 September 2005 |
| FUM (millions) | AU$41 |
| Fund Overview | As an 'All Opportunities' fund, the underlying goal of the Manager is to assess the risk adjusted return of every potential opportunity identified by the Manager. The Manager's intended approach includes selectively and modestly taking higher-risk positions, provided that the potential return exceeds the additional risk preferably in terms of both value and time. Whilst the Manager intends to combine the best principles of value investing, fundamental and technical analysis, it does not wish to be constrained by the constructs of any one approach. The key to the long-term success of the Company is seen as the capacity of the Manager to integrate the best principles of each discipline with the extensive and varied experiences of the Manager. This is achieved by encouraging flexibility and adaptability, but within the confines of an overall framework that controls risk. |
| Manager Comments | Katana outperformed the market in September while remaining conservatively positioned with significant assets remaining in cash waiting for anticipated market weakness.
Katana’s cash position remained around 25% of NTA as the manager waited for any market weakness, but still managed to return 6.56% (pre-tax) for the month by taking active positions away from benchmark weightings.
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| More Information | » View detailed profile of this fund |
