18 Nov 2010 - Performance Report: Kima Capital Pan Asian Fund

By: Australian Fund Monitors

Report Date	17 November 2010
Manager	Kima Capital
Fund Name	Kima Capital Pan Asian Fund
Strategy	Equity Long/Short
Latest Return Date	October 2010
Latest Return	4.31%
Latest 6 Months	8.35%
Latest 12 Months	12.10%
Latest 24 Months
Annualised Since Inception	18.53%
Inception Date	01 July 2009
FUM (millions)	AU$47
Fund Overview	Kima Capital Management is a Long / Short Pan Asian fund trading in liquid names. The fund aims to generate minimum investment returns of 12-18% pa with a conservative, low volatility approach using in house proprietary software tools.
Manager Comments	Kima benefited from plentiful deal flow in October which provided good opportunities within primary and secondary trading, although noting that the bulk of the opportunities came from Hong Kong and China. The manager noted the QE2 theme still remained supreme and accordingly they reduced exposures towards month end to allow the market to digest the announcement, while also commenting that currencies are still dominating regional performance with Japan and Australia the notable under performers on the back of continued currency strength.
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