| Report Date | 13 January 2014 |
| Manager | Monash Investors |
| Fund Name | Monash Absolute Investment Fund |
| Strategy | Equity Long/Short |
| Latest Return Date | December 2013 |
| Latest Return | -0.60% |
| Latest 6 Months | 16.63% |
| Latest 12 Months | 30.41% |
| Latest 24 Months | |
| Annualised Since Inception | 24.10% |
| Inception Date | 30 May 2012 |
| FUM (millions) | AU$36 |
| Fund Overview | The Monash Absolute Investment Fund is long biased equity hedge fund focused on the Australian market. It invests in shares as a source of specific opportunity, not to go up and down with the market.
The fund seeks to identify opportunities in the share market to make positive returns (long and short) irrespective of market conditions. It is style agnostic, as compelling investment opportunities exist across all investment styles from time to time. The Fund places a high priority on capital preservation, and has an absolute return focus in accepting market risk.
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| Manager Comments | Monash Absolute Investment Fund returned -0.60% during December 2013 bringing the 12 month return to 30.41% as compared to the S&P/ASX 200 Accum return of 20.12% with a lower volatility of 8.55% as compared to 11.43% for the Index. The Fund's month-end exposures were 83% net and gross 86%.
In terms of risk data the Fund has an up capture ratio of 0.66 and a down capture ratio of -0.13 with 72% positive months. The maximum drawdown of -1.10% as compared to 6.72% for the Index also indicates the low risk attributes of the Fund. The Sharpe ratio is notable at 2.47. All data is since inception in May 2012.
The Manager discusses a number of portfolio holdings including Royal Mail, Greencross and Silver Chef.
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| More Information | » View detailed profile of this fund |
