| 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 uses multiple strategies to profit from inefficiencies in the pricing of small and large companies and event driven activity. The fund employs three core strategies: - Pairs trading in liquid, large capitalisation stocks - Directional long and short positions in mid and small capitalisation stocks - Event driven (e.g IPO's, mergers and acquisitions), and other corporate activity. |
| Manager Comments | The best performing commodity for the month was zinc (+9.49%) with lead also performing strongly (+7.45%) which YTD have been relative laggards compared to nickel (+20.57%), gold (+21.36%) and tin (+42.02%). Over the month nickel (-2.99%) and aluminium (-0.52%) were the notable negative performers whilst copper (+2.11%) and oil (+1.81%) managed small gains. Key contributors to the portfolio’s performance during October included Freeport-McMoran Copper & Gold (+9.77%), Independence Group (+17.65%) and Paladin Energy (+14.21%). As at the end of Octobe the net long position of the Fund was 70.8%, up from 67.20% a month earlier. The gross exposure of the Fund was 104.4%, up slightly from 103.4% as at the end of September. |
| More Information | » View detailed profile of this fund |
