| Report Date | |
| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| Fund Overview | The Fund targets a net market exposure of 0% to hedge broader market risks through 30 S&P/ASX-100 positions (15 long and 15 short equally weighted positions). The turnover is generally averaged around 30% of the total portfolio each month. The process is entirely systematic - stock selection and risk management are all employed in a rules based approach. The Market Neutral Long/Short Fund employs no financial leverage, no derivatives and no financial products to imitate leverage. The Investment Manager's three principal investment goals for the Fund are: 1. Market neutral long/short portfolio management with little correlation to equity markets; 2. Over a 3-5 year period, seeking to target annualised volatility of 15% per annum and annualised returns of 15-30% per annum above the Benchmark; Sharpe Ratio 1.0-2.0 and a negative beta to ASX listed equities; and 3. To provide investors with a co-investment opportunity alongside the founding members' investments in the Investment Manager's strategy. |
| Manager Comments | The Fund's long and short exposures continued to generate alpha from a diverse range of sectors. The Fund average monthly long exposure was 92.80% and short exposure -84.3% to give 8.5% net monthly exposure. Alpha in long positions was generated in the telecom, transportation, financial, industrial, healthcare and gaming sectors. Whereas the alpha from short positions was generated in the gaming, mining & mining services, energy and industrial sectors. In March, the Qato Capital's Q-score process and risk management techniques systematically invested in the best performing S&P/ASX-100 position for the month and was short the worst performing position for the month. The Q-Score was also short 7 of the worst 10 performing positions in this Index. 20 of the Fund's positions were profitable for the month. Click the Manager's Report to read the complete review |
| More Information |
