| 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 | The Fund aims to produce positive returns irrespective of the direction of the share market. For each investment the manager considers the risk, the timeline of that risk occurring and then the potential return. Low transaction costs and liquidity are other important factors in the success and implementation of the strategies. |
| Manager Comments | low volatility at 2.84% pa (since inception) as compared to the S&P/ASX 200AI volatility of 14.58%. Despite an official interest rate cut to levels not seen since the 1960's the ASX200 AI fell 4.5% during May and the Australian dollar dropped 7.7% against the US dollar. The major concern appeared to be a slowing Chinese economy and thefollow on effect to Australian economy. Mergers and Acquisitions was the best performing strategy for the month (+0.32%)Long/Short was the only negative performer for the month (0.16%). The strategy consisted of small positions that were predominantly long and hence performed poorly,in line with market conditions. |
| More Information | » View detailed profile of this fund |
