MONASH ABSOLUTE INVESTMENT FUND
The Fund is a research driven, active equity long/short strategy investing in listed ASX companies.
Monash Absolute Investment Fund returned -1.0% during June in a volatile equity market. The Fund's 12 month record is strong at 23.00% (ASX 200 Accum Index 17.43%) with a volatility of 9.34% (8.87%). Sharpe and Sortino ratios are notable at 2.02 and 8.04 over the same time frame. The Fund had a net exposure of 78% at month-end with gross exposure 87%. Since inception VaR is 1.1%.
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.
For further details on the Fund, please do not hesitate to contact us.
Sean Webster
Research Manager
Monash Absolute Investment Fund AFM Fund Review June 2014