BENNELONG LONG SHORT EQUITY FUND
Attached is our most recently updated Fund Review on the Bennelong Long Short Equity Fund.
CPD Points are now available for all AFM Fund Reviews. Read the review and answer 5 questions to earn half a point toward your continuing professional development.
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The Fund is a research driven, market and sector neutral, "pairs" trading strategy investing primarily in large cap stocks from the ASX/S&P100 Index, with a twelve year track record and annualised net returns of 18.26% pa.
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The consistent returns across the investment history indicates the Fund's ability to provide positive returns in volatile and negative markets and significantly outperform the broader market.
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Fund performance was muted for the month as the market drifted without any strong thematic and investors were subject to merger and
acquisition activity/speculation, yield/defensive buying and stock specific issues. Our assessment is that the April factors that
negatively impacted fund returns, which were of a more global nature, were persisting early in the period but since have abated. Fund activity
was limited in May as our view of market fundamentals have not really changed.
For further details on the Fund, please do not hesitate to
contact us.
Sean Webster
Research and Database Manager
Australian Fund Monitors
Bennelong Long Short Fund Review (pdf format)
