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| Fund Overview | The Fund seeks to profit from trading securities which are primarily subject to corporate events or from trading-related securities which the Investment Manager believes are mispriced by the market. The Fund invests in securities that are listed on Asian stock markets and other markets where related securities may be listed and in securities which are listed on markets outside of Asia where more than 70% (by assets or earnings) of the underlying business originates from an Asian country. The Fund aims to generate consistently positive returns which have a low correlation to the Asian stock markets. The objective is to generate 10-20% pa with a standard deviation of 6-10% |
| Manager Comments | The Manager comments that 'Intra month volatility presented challenging trading conditions within the holding company universe. We have observed a dislocation in discounts without a reversion in the short term. The Fund has tactically reduced gross exposure to this sub strategy to 18% until more visibility over hard catalysts can be ascertained. On the back of M&A deal closing and tactical reduction of gross exposure in the Holding company sub-strategy, the average gross was 131.8% for the month with a net long exposure of 13%.' |
| More Information | » View detailed profile of this fund |
