| 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 | Whilst the Fund's primary strategy is focused on long/short equities, the ability to retain discretionary powers to allocate across a number of other investment strategies is reserved. These strategies may include, but not be limited to: convertible bond investments, portfolio hedging, equity related arbitrage, special situations (e.g. merger arbitrage, rights offerings, participation in international public offerings and placements, etc.). The Fund's geographic focus is Asia excluding Japan, but including Australia). The Fund may invest outside of this region to the extent that: 1. The investment decision is driven from the Asian region or; 2. The exposure is intended to mitigate risk or enhance return from factors external to the Asian region. |
| Manager Comments | Majority of the month's return came from the Long Short Strategy, contributing 242bp. The Fund saw extraordinary moves in Hong Kong as the market anticipates mainland institutions buying cheaper Hong Kong equities given valuations have risen significantly in mainland A-shares. The Fund also saw improving volumes in the equity markets that they focus on and believe M&A is making a significant come back as are IPO's and secondary deals. The Fund continues to have a long bias in Asia and a short bias in Australia where the economic outlook is poor. Markets in Australia have been driven higher on interest rate cuts, rather than improvements in company earnings. Overall, equity markets look expensive; the Fund is cautious given the reasonable probability of a fall in equities at some point during the year. Click below to read rest of the Fund Manager's Latest Report. |
| More Information |
