| Report Date | 09 November 2010 |
| Manager | Lanterne Strategic Investors Pty Ltd |
| Fund Name | Lanterne Arran Fund |
| Strategy | Equity Long/Short |
| Latest Return Date | October 2010 |
| Latest Return | 1.40% |
| Latest 6 Months | 2.33% |
| Latest 12 Months | 8.21% |
| Latest 24 Months | 39.98% |
| Annualised Since Inception | 9.19% |
| 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 | Both Long and Short positions generated positive performance during a choppy month for the Australian market. The Fund’s best performing sectors were Energy, Industrials and Financials, while the Consumer Discretionary, Healthcare and Materials sectors were the weakest.
Lanterne entered November somewhat cautiously positioned in anticipation of a potential reversal of recent strength in the Australian dollar and key commodities. The second round of quantitative easing from the US Federal Reserve has been well telegraphed to the market for some time now leading them to believe that it is mostly priced in.
Longer term Lanterne remains positive on the Australian market given the ongoing strength of the local economy as well as those of Australia’s key trading partners in Asia. |
| More Information | » View detailed profile of this fund |
