| Report Date | 14 December 2011 |
| Manager | Bennelong Group |
| Fund Name | Bennelong Long Short Equity Fund |
| Strategy | Equity Market Neutral |
| Latest Return Date | November 2011 |
| Latest Return | 3.09% |
| Latest 6 Months | 4.73% |
| Latest 12 Months | 21.04% |
| Latest 24 Months | 36.33% |
| Annualised Since Inception | 21.94% |
| Inception Date | 01 January 2003 |
| FUM (millions) | AU$249 |
| Fund Overview | Bennelong Long Short Equity Management applies a qualitative stock selection process to construct a diversified portfolio of paired securities based on relative value. The Bennelong Long Short Equity Management strategy invests primarily in the S&P/ASX 100 and is dollar neutral at cost. |
| Manager Comments | Investors sitting on the sidelines, confusion in Europe and thinly traded markets caused volatility to rise, with the preference for quality stocks and a return to the 'risk off' trade. In this environment the fund's short book provided significant returns, particularly in the Consumer Discretionary and Materials sectors.
The manager feels markets are currently representing reasonable value as macro related concerns are depressing prices and investors remain negative, and expects 2012 will see a continuation of cautious equity markets and subdued growth. |
| More Information | » View detailed profile of this fund |
