BENNELONG KARDINIA ABSOLUTE RETURN FUND
The Fund is long biased, research driven, active equity long/short strategy investing in listed ASX companies with an eight year track record.
The Bennelong Kardinia Absolute Return Fund rose 0.56% in August. Long positions in Ardent Leisure, CSL, Ramsay Health Care and Amcor were the largest positive contributors, whilst BHP Billiton, Bank of Queensland and Henderson Group were the largest detractors from performance. Net equity market exposure (including derivatives) averaged around 55% during the month, but was reduced to 36% at month end (65.2% long and 29.1% short) in anticipation of some seasonal weakness in September.
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
Bennelong Kardinia Fund Review August 2014 (pdf format)
