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| Fund Overview | The Fund focuses on fundamental long and short investments. The Fund may utilise a multi-strategy approach if short term opportunities to increase returns, hedge the portfolio, protect capital or minimise volatility are found. The Fund is a high conviction fund and the combined portfolio will typically have 25-45 positions, investing primarily in stocks in the ASX200. The Fund may be net long, short or neutral depending on the strategies employed at the time. The Fund may hold cash so that it is in a position to take advantage of market volatility and compelling investment opportunities as and when they arise. The Fund may be geared up to 200% gross long or short and up to 150% net long or short. |
| Manager Comments | March average exposures were long 107.4%, short 32.1% and gross 139.5%. Net exposure was 75.2% and Beta-adjusted net 50.6%. The Manager's newsletter discusses the topic 'Does the Real Yield on Equities Represent Value?' and is available at Auscap Asset Management's Profile on the AFM website. |
| More Information | » View detailed profile of this fund |
