BENNELONG KARDINIA ABSOLUTE RETURN FUND
The Fund is long biased, research driven, active equity long/short strategy investing in listed ASX companies with an eight year track record.
Bennelong's Kardinia Long/Short equity fund returned 2.69% in February 2014, taking returns for the year to 10.27%, broadly in line with the Index return of 10.56%. Annualised returns since inception are 13.85% as compared to the Index at 4.88% and with a lower volatility of 7.76% pa as compared to 14.60% pa. At month-end the Fund's net exposure was 39.5%, with long exposure 75.4% and short exposures 35.9%.
The Fund also has a strong focus on capital protection in negative markets. Portfolio Managers Mark Burgess and Kristiaan Rehder have significant market experience, while the Bennelong Group provide infrastructure, operational, compliance and distribution capabilities.
For further details on the Fund, please do not hesitate to contact us.
Sean Webster
Research Manager
Bennelong Kardinia Absolute Return Fund AFM Fund Review February 2014