30 Jun 2014 - Fund Review: Bennelong Kardinia Absolute Return Fund May 2014

Copy Article Link

BENNELONG KARDINIA ABSOLUTE RETURN FUND

 

Attached is our most recently updated Fund Review. You are also able to view the Fund's Profile. 

 

The Fund is long biased, research driven, active equity long/short strategy investing in listed ASX companies with an eight year track record.

 

Bennelong's Kardinia Long/Short equity fund returned 0.36% in May 2014, taking returns for the year to 7.50% (ASX 200 Accum 16.45%). Annualised returns since inception are 13.48% as compared to the Index at 5.08% and with a lower volatility of 7.67% pa as compared to 14.38% pa. Fund exposures at month-end were 49.7% long and 20.2% short with a net exposure of 29.5%, down from the previous month. 

 

The Fund also has a strong focus on capital protection in negative markets. Portfolio Managers Mark Burgess and Kristiaan Rehder have significant market experience, while the Bennelong Group provide infrastructure, operational, compliance and distribution capabilities.

 

For further details on the Fund, please do not hesitate to contact us.

 

Sean Webster

 

Research Manager

 

Australian Fund Monitors