MM&E Capital has reported a quiet month with both of their Investment Trusts, No. 1 and 2, returning a positive result of 0.35% for August bringing the 2008 YTD performance to 1.59% for Trust No. 1 and to 0.76% for Trust No. 2.
Trust No. 1 is MM&E Capital's oldest fund with an inception date of July 2002 and approximately A$83.9 million under management. Trust No. 2 began investing in July 2004 and currently has A$12.6 million under management. Trust No. 1 is closed to new investors while Trust No. 2 is currently open with a minimum investment amount of A$25,000. Both Trusts aim to deliver returns of 15% p.a. (gross of fees) with volatility of 5% p.a. or less regardless of movement in the equity market index. Trust No. 2 is managed in a near identical fashion to Trust No. 1 and neither Trust employs leverage.
MM&E Capital is a dedicated Australian event driven hedge fund manager which employs strategies in takeover and demerger arbitrage, convertible securities arbitrage, capital raisings (i.e. IPOs, Placements, Sell Downs and Rights Issues) and Buy/Write dividend stripping.
