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| Fund Overview | The Fund focuses on fundamental long and short investments. The Fund may utilise a multi-strategy approach if short term opportunities to increase returns, hedge the portfolio, protect capital or minimise volatility are found. The Fund is a high conviction fund and the combined portfolio will typically have 25-45 positions, investing primarily in stocks in the ASX200. The Fund may be net long, short or neutral depending on the strategies employed at the time. The Fund may hold cash so that it is in a position to take advantage of market volatility and compelling investment opportunities as and when they arise. The Fund may be geared up to 200% gross long or short and up to 150% net long or short. |
| Manager Comments | Average gross capital employed by the Fund was 141.1% long and 25.1% short. Average net exposure over the month was +116.0%. At the end of the month the Fund had 33 long positions and 5 short positions. The Fund's biggest stock exposures at month end were spread across the financials, consumer discretionary, healthcare, telecommunications and industrials sectors. The Fund's Sharpe ratio is 2.52 (0.33) and the Sortino ratio 7.78 (0.40) over the last 12 months with Up and Down Capture ratios notable at 1.10 and -0.02. |
| More Information | » View detailed profile of this fund |
