| Report Date | 09 March 2011 |
| Manager | Mathews Capital Partners |
| Fund Name | Mathews Velocity Fund |
| Strategy | Equity Long/Short |
| Latest Return Date | February 2011 |
| Latest Return | 3.57% |
| Latest 6 Months | 36.68% |
| Latest 12 Months | 67.66% |
| Latest 24 Months | 98.11% |
| Annualised Since Inception | 45.80% |
| Inception Date | 01 July 2006 |
| FUM (millions) | AU$91 |
| Fund Overview | The Fund is a general long/short equity fund principally investing in listed securities in Australia and internationally. The Fund may also invest in unlisted securities which are expected to list within six months of purchase. The Fund is not a market neutral fund and accordingly may switch between net long positions and net short positions. The Fund has the provision for short sales and the use of derivatives as determined by the Manager.
The Manager does not target a specific investment style. The Manager's investment strategy is based on attempting to pick emerging trends in the equity and commodity markets. |
| Manager Comments | Mathews Velocity Fund was up 3.57% in February to take 12 month returns to +67.66%, with strong gains in coal and gold holdings again driving performance.
Top contributors for the montyh included Carabella (coal), +49%, Intrepid (gold) +23% and Bathurst (coal) +12%. At month end the portfolio weightings were Coal, 42%, Gold 31% and Industrials 16%.
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| More Information | » View detailed profile of this fund |
