| Report Date | 15 January 2014 |
| Manager | Bennelong Long Short Equity Management, a Bennelong Funds Management boutique |
| Fund Name | Bennelong Long Short Equity Fund |
| Strategy | Equity Market Neutral |
| Latest Return Date | December 2013 |
| Latest Return | 2.68% |
| Latest 6 Months | 9.66% |
| Latest 12 Months | 22.46% |
| Latest 24 Months | 33.73% |
| Annualised Since Inception | 20.94% |
| Inception Date | 01 January 2003 |
| FUM (millions) | AU$332 |
| Fund Overview | Bennelong Long Short Equity Management applies a qualitative stock selection process to construct a diversified portfolio of paired securities based on relative value. The Bennelong Long Short Equity Management strategy invests primarily in the S&P/ASX 100 and is dollar neutral at cost. |
| Manager Comments | Bennelong Long Short Equity Fund returned 2.68% during December bringing twelve month performance to 22.46%. The Fund now has 11 years of unbroken positive returns. Annualised performance since inception in January 2003 is 20.94% with the Fund's maximum drawdown 12.22%. Comparative ASX 200 Acc figures are 10.08% and 47.19%.
Fund performance was satisfactory this month despite a major surprise profit warning and substantial correction by one of the long financial positions (QBE Insurance Group). At the sector level, strong returns were made in Industrials and Health Care and Financials and Consumer Staples recorded negative returns. |
| More Information | » View detailed profile of this fund |
