1 Jul 2014 - Fund Review: Monash Absolute Investment Fund May 2014

By: Australian Fund Monitors

Monash Absolute Investment Fund returned -0.5% during May in a volatile equity market. The Fund's 12 month record is strong at 25.56% (Index 21.94%) with a volatility of 8.92% (8.87%). Sharpe and Sortino ratios are notable at 2.34 and 10.57 over the same time frame. The Fund had a net exposure of 66% at month-end with gross exposure 78%. Since inception VaR is 1.0%.

 

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.