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| Fund Overview | 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. The Manager's experience across value, growth and discounted cash flow styles allows them to use a comprehensive approach to investment decisions that applies all three. They also have the patience to seek out only compelling opportunities, rather than settling for relative value. The portfolio is somewhat concentrated, looking to diversify across industries and themes, rather than by trying to stay near an index. The portfolio may at times have a large amount of cash or other protection. However once investments are made turnover may be relatively high in order to lock in gains and avoid losses. |
| Manager Comments | The Fund had a net exposure of 85% and gross exposure of 110% at month-end and a VaR of 1.0%. Since inception (May 2012) Sharpe and Sortino ratios are 1.52 and 3.39 respectively. As we move into the February reporting season we have increased the weights in a number of our 'outlook' stocks. The number of 'event' trades in the portfolio has also picked up. Equity Beta has fallen to half that of the market. |
| More Information | » View detailed profile of this fund |
