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| Fund Overview | The Fund's bias is likely to be net long under normal market conditions, with the core strategy being to construct a portfolio of listed equity securities priced at levels that do not adequately reflect their underlying value. The Fund will seek to boost returns and limit potential market downside by selective short selling of individual stocks which are priced at levels that are viewed as materially above their underlying value. The Fund will also use certain trading strategies both within its core portfolio (through rebalancing stock weights and overall market exposure in response to price movements) and in certain other situations (typically of a shorter-duration and/or opportunistic nature) with the objective of further increasing returns. |
| Manager Comments | Optimal are cautious at the best of times, considering preservation of capital to be of the highest priority. As such they had reduced their net exposure coming into May to less than 10%, and then focused on stock selection to avoid the market's turmoil. Looking forward Optimal consider these conditions to be as difficult as they can remember in the past 25 years, and continue to focus on risk management. Having returned 7% over the past 12 months and outperforming the market by close to 15% in that time this approach has served their investors well. |
| More Information | » View detailed profile of this fund |
