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| Fund Overview | - Australian and International Equity Long/Short - Global Fixed Income Long/Short - Global Macro - Commodity Alpha - Alpha Transport The Fund's goal is to provide investors with a source of consistent, risk-controlled, absolute returns that are over time, expected to have low correlations with the returns of major asset classes. The Fund aims to achieve a return of 8% p.a. before fees, above the RBA Cash Rate Target over rolling 3 year periods. In order to achieve its expected return objective, the Fund will target a total expected risk of between 4-6% p.a. over the same rolling 3 year period. |
| Manager Comments | The Fund benefited from the stronger environment for risk assets, policy easing by central banks and generally improving economic data. The largest contributions over the quarter were fixed income by asset class and bond selection by strategy, with global macro the weakest asset due to currency investments. For 2013 the Manager remains concerned about global fiscal policy tightening and budget negotiations in the US, but is constructive on the US economy beyond these issues. |
| More Information | » View detailed profile of this fund |
