BENNELONG LONG SHORT EQUITY FUND
Attached is our most recently updated Fund Review on the Bennelong Long Short Equity Fund.
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The Fund is a research driven, market and sector neutral, "pairs" trading strategy investing primarily in large cap stocks from the ASX/S&P100 Index, with over twelve year track record and annualised returns of 17.33%.
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The consistent returns across the investment history indicates the Fund's ability to provide positive returns in volatile and negative markets and significantly outperform the broader market. The Fund's Sharpe Ratio and Sortino Ratio are 1.05 (Index 0.36) and 1.75 (Index 0.40) respectively.
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Fund performance in April was flat (0.03%), with no major changes to the Fund's positioning. Across the portfolio, The number of profitable pairs exceeded the number of losing pairs; 17 positive, 14 negative. The Fund's strongest positive contributors were Long Caltex / Short Metcash, Long QBE / Short Suncorp and Long Challenger / Short ANZ. On the negative side, the three largest setback were Long Seek / Short Fairfax, Long Resmed / Short Ansell and Long Brambles / Short Sydney.
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Australian Fund Monitors
Bennelong Long Short Equity Fund April 2015 AFM Fund Review