| Report Date | 17 January 2011 |
| Manager | Fortitude Capital |
| Fund Name | Fortitude Capital Absolute Return Trust |
| Strategy | Equity Market Neutral |
| Latest Return Date | December 2010 |
| Latest Return | 1.05% |
| Latest 6 Months | 3.90% |
| Latest 12 Months | 4.34% |
| Latest 24 Months | 10.50% |
| Annualised Since Inception | 9.67% |
| Inception Date | 15 February 2005 |
| FUM (millions) | AU$60 |
| Fund Overview | Fortitude Capital Absolute Return Trust is a multi-strategy market neutral fund specialising in listed Australian equities and derivatives. The core philosophy is the management of risk through a long volatility overlay incorporating listed equity and index derivatives. The multi-strategy approach includes M&A, Yield, Convergence and Long/Short strategies. The portfolio managers adopt an aggressive approach to managing downside risk whilst positioning the portfolio to benefit from positive alpha. |
| Manager Comments | Fortitude's performance of +1.05% was their best December on record as volatility usually drops ahead of the Christmas and New Year break, and although the trend continued this year, good returns from their M&A book made up for the lowest volatility seen by the ASX200 since early 2007.
Returns in the Long/short, small cap and convergence strategies also added to the month's performance. |
| More Information | » View detailed profile of this fund |
