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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 | Global equities rose for the sixth consecutive month in April despite concerns over moderating global growth. Japanese equities continued their strong run, rallying 12.7% in April as the Bank of Japan delivered aggressive policy stimulus. Elsewhere, most equity markets posted solid gains with US equities up 1.9%, German equities up 1.2%, and Australian equities up 4.5% however Canadian equities fell 2.5% led by a decline in the materials sector. The Multi Opportunity Fund delivered strong positive performance in April with the Global Macro, Australian Equity Market Neutral, International Alpha Transport and Fixed Income Global Alpha strategies contributing positively. The Global Equity Market Neutral strategies detracted. |
| More Information | » View detailed profile of this fund |
