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| Fund Overview | The Fund consists of a concentrated long/short portfolio typically comprising 30 to 40 ASX300 listed stocks, generally with a long bias aligned to the overall market direction. There is a slight bias to large cap stocks in the long side of the portfolio, although in a rising market the portfolio will tend to hold smaller caps, including resource stocks, more frequently. The Fund was launched on 17th August 2011 following the resignation of Portfolio Managers Mark Burgess and Kristiaan Rehder from Herschel Asset Management in late July 2011. While at Herschel Burgess and Rehder had managed the Fund under the name of the Herschel Absolute Return Fund. As a result management of the Fund was transferred to Kardinia Capital, a new boutique fund manager 65% owned by Burgess and Rehder, with the balance owned by Bennelong Funds Management. The Fund's investment strategy and prior track record remains intact. |
| Manager Comments | In addition to opening to retail investors and lowering the minimum investment, Kardinia is also moving to daily liquidity for all investors, offering a point of difference with the majority of wholesale absolute return funds which remain on monthly terms. Kardinia Capital was formed in August 2011 to manage the Fund which was previously under the Herschel brand. Since the move the Fund has seen steady inflows which should increase as the Fund approaches a six year track record of positive annual returns, and as the investor base widens. |
| More Information | » View detailed profile of this fund |
