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| Fund Overview | The Fund is a long/short investment fund principally investing in listed entities, commodities, futures and options in Australia and internationally. The Fund is not a market neutral fund and accordingly may switch between net long positions and net short positions. The Fund may use short sales and derivatives as determined by Totus Capital. Gearing may be used to enhance returns and the Fund may be geared in excess of 100% of the Fund's Net Asset Value. There is a limit to net exposure of 150%. |
| Manager Comments | The Manager notes 'It would have been nice to keep pace with the market last month however in reality it is difficult for a hedged portfolio to keep pace in a rip roaring "risk on" environment. On balance we are not too disappointed with the result given the number of aggressive short squeezes in some of our hedge positions during the month. We are pleased to have consolidated our 2013 performance with every investor in the fund now back in positive absolute return territory (net of all fees) as at the end of February.' |
| More Information | » View detailed profile of this fund |
