| Report Date | 05 December 2012 |
| Manager | Regal Funds Management |
| Fund Name | Regal Tasman Market Neutral Fund |
| Strategy | Equity Market Neutral |
| Latest Return Date | November 2012 |
| Latest Return | 1.55% |
| Latest 6 Months | 5.45% |
| Latest 12 Months | 5.17% |
| Latest 24 Months | 33.66% |
| Annualised Since Inception | 22.22% |
| Inception Date | 03 May 2007 |
| FUM (millions) | AU$166 |
| Fund Overview | The Tasman Market Neutral Fund aims to maximise returns with only moderate risk and little correlation to equity markets. Investments are usually based on fundamental research and may be held for months or years. Hedging is usually achieved through single stock exposures. The fund aims to limit the volatility of returns to less than 15% pa and maintains a beta neutral portfolio. Risk limits (stock, sector, liquidity, systematic etc) are maintained to help achieve the volatility target. Most of the investments are in Australia but investments are also made in other countries on an opportunistic basis (mainly in Europe and no emerging markets). |
| Manager Comments | The Regal Tasman Market Neutral Fund delivered a 1.55% return for November against a fall in the ASX 200 of 0.24%. Returns were generated in long positions in Utilities and Financials and a short position in the Energy sector. The main detractor for the month was a short position in the Materials sector. |
| More Information | » View detailed profile of this fund |
