BENNELONG KARDINIA ABSOLUTE RETURN FUND
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The Fund is long biased, research driven, active equity long/short strategy investing in listed ASX companies with an eight year track record.
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The Bennelong Kardinia Absolute Return Fund fell -0.31% in September. Net equity market exposure (including derivatives) was progressively decreased to 21.7% (47.6% long and 25.8% short) at month-end. Short positions in Share Price Index Futures contracts (hedging market risk), AGL Energy and Metcash were the largest positive contributors, whilst long positions in Oil Search, Challenger and Crown Resorts were the largest detractors from performance.
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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 Long Short Equity Fund AFM Review - Sept 2014