| Report Date | |
| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| Fund Overview | - The Fund is managed 'opportunistically'. Investments are made throughout Australia and New Zealand across sectors that the investment team believes will add greatest value. - Typically the Fund will hold between 50 and 70 listed equities. - If deemed appropriate, the Fund may be 100% invested in cash. - To implement the Fund's Long/Short investment strategy, K2 is able to use leverage or gear the Fund. However, the net invested position of the Fund shall not exceed the Net Asset Value (NAV) of the Fund. |
| Manager Comments | Also supporting the result was continued strength in commodity prices with the CRB Index rising 4.8%, and QE2 expectations in the US. K2 also sounded a cautionary note when looking at forward EPS forecasts saying Although we are optimistic about the prospects for 2011 earnings, we are conscious that equity issuances are continuing at a rate above our expectations and as a result 2012 EPS forecasts may be too optimistic'. |
| More Information | » View detailed profile of this fund |
