| Report Date | 14 March 2011 |
| Manager | Herschel Asset Management |
| Fund Name | Herschel Absolute Return Fund |
| Strategy | Equity Long/Short |
| Latest Return Date | February 2011 |
| Latest Return | 2.13% |
| Latest 6 Months | 21.55% |
| Latest 12 Months | 20.25% |
| Latest 24 Months | 49.24% |
| Annualised Since Inception | 17.64% |
| Inception Date | 01 May 2006 |
| FUM (millions) | AU$26 |
| Fund Overview | The Herschel Absolute Return Fund is a long-short Australian equities fund which is expected to average 50% net long through an investment cycle. The objective of the fund is to achieve consistent, double-digit rates of return, with an over-arching philosophy of capital protection. The Fund will usually invest in a portfolio, consisting of both long and short positions, of securities of 15 to 45 companies. |
| Manager Comments | Herschel added 2.13% in February, on the back of Energy, Materials and REITS taking the market higher, to take the Fund's 12 month performance to +20.25%
Towards the end of the month the manager reduced net market exposure to 40.9% (67.5% long and 26.6% short) including derivatives. |
| More Information | » View detailed profile of this fund |
