| Report Date | |
| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| Fund Overview | |
| Manager Comments | The fund recorded gains in the yield, mergers and acquisitions and convergence strategies with the options and long/short strategies recording losses. The manager comments that options portfolio recorded strong gains from Sydney Airport, Commonwealth Bank and Incitec. However significant declines in volatility and directional positioning led to losses. The decline in actual volatility to record lows has impacted but the manager expects this to return to long term averages. The fund's performance is notable for the fact that it has recorded 86.3% positive months since inception and was the only fund in our database (and perhaps globally) to record a positive return every month in 2008. Increases in volatility will contribute to fund returns. |
| More Information | » View detailed profile of this fund |
