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| Fund Overview | The Fund focuses on fundamental long and short investments. The Fund may utilise a multi-strategy approach if short term opportunities to increase returns, hedge the portfolio, protect capital or minimise volatility are found. The Fund is a high conviction fund and the combined portfolio will typically have 25-45 positions, investing primarily in stocks in the ASX200. The Fund may be net long, short or neutral depending on the strategies employed at the time. The Fund may hold cash so that it is in a position to take advantage of market volatility and compelling investment opportunities as and when they arise. The Fund may be geared up to 200% gross long or short and up to 150% net long or short. |
| Manager Comments | The Fund had an average gross capital employed of 131.5% long and 13.8% short for a gross total of 145.3%. The Manager comments 'While we do not make forecasts, we do try to draw sensible conclusions about the economy and the stock-market in which we are a participant. It seems highly unlikely that the market will repeat or better last year's performance next year. The market has been assisted by a number of things during 2013, including the re-rating of equities as sentiment turned more positive and the rates of return offered by alternative assets declined.' |
| More Information | » View detailed profile of this fund |
