29 May 2014 - Fund Review: Monash Absolute Investment Fund - April 2014

By: Australian Fund Monitors

Monash Absolute Investment Fund returned -1.3% dueing April in a volatile equity market. The Fund's 12 month record is strong at 24.77% (Index 10.46%) with a vol of 9.11% (10.48%). Sharpe and Sortino ratios are notable at 2.22 and 8.77 over the same time frame. The Fund had a net exposure of 76% at month-end with gross exposure 88%. Since inception VaR is 1.20%.

 

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.