| Report Date | |
| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| Fund Overview | The Fund is a long/short investment fund principally investing in listed entities, commodities, futures and options in Australia and internationally. The Fund is not a market neutral fund and accordingly may switch between net long positions and net short positions. The Fund may use short sales and derivatives. Gearing may be used to enhance returns and the Fund may be geared in excess of 100% of the Fund's Net Asset Value. There is a limit to net exposure of 150%. |
| Manager Comments | At month-end the Fund had net exposure of 50% and a gross exposure of 217% with 112 positions. From an absolute return point of view the last 6 months has been challenging. Many of the optimistic scenarios being touted at the end of 2013 have failed to eventuate and the many of the companies we have had contact with recently are finding things tough (just this week we have seen profit warnings from TRS, PBG and FLT to name a few). |
| More Information | » View detailed profile of this fund |
