| Report Date | 09 December 2012 |
| Manager | Aurora Funds Management |
| Fund Name | Aurora Fortitude Absolute Return Fund |
| Strategy | Equity Market Neutral |
| Latest Return Date | November 2012 |
| Latest Return | 0.54% |
| Latest 6 Months | 2.17% |
| Latest 12 Months | 4.56% |
| Latest 24 Months | 9.33% |
| Annualised Since Inception | 8.33% |
| Inception Date | 15 February 2005 |
| FUM (millions) | AU$80 |
| Fund Overview | Aurora Fortitude Absolute Return Fund is a multi-strategy market neutral fund specialising in ASX listed equities and derivatives. The core philosophy is the management of risk through a long volatility overlay incorporating listed equity and index derivatives. The multi-strategy approach includes M&A, Yield, Convergence and Long/Short strategies. The portfolio managers adopt an aggressive approach to managing downside risk whilst positioning the portfolio to benefit from positive alpha. |
| Manager Comments | The Aurora Fortitude Absolute Return Fund generated a 0.54% return for November as the Long/Short, Convergence, Mergers and Acquisitions and Yield portfolios all generated positive returns. The Options portfolio was the only detractor for the month driven by a position in Insurance Australia Group Limited. |
| More Information | » View detailed profile of this fund |
