4 Apr 2014 - Monash Absolute Investment Fund

By: Australian Fund Monitors

Report Date	03 April 2014
Manager	Monash Investors
Fund Name	Monash Absolute Investment Fund
Strategy	Equity Long/Short
Latest Return Date	March 2014
Latest Return	4.60%
Latest 6 Months	10.23%
Latest 12 Months	27.71%
Latest 24 Months
Annualised Since Inception	25.97%
Inception Date	30 May 2012
FUM (millions)	AU$43
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.
Manager Comments	Monash Absolute Investment Fund returned a solid 4.6% during March (Index 0.30%) and 27.72% (Index 13.46%) over the last twelve months. The Sharpe ratio was 2.64 and the volatility 8.51% (Index 11.53%) over the same period. The Manager's report comments on the portfolio results and characteristics and covers 4 portfolio stocks.
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