Arnott Opportunities Fund has reported a positive return in September of 1.82% bringing their year-to-date performance to a positive 3.94%.
Unlike many managers Arnott noted that they were seeing opportunities emerge from the mayhem of September on two fronts; firstly they were focusing on long opportunities from oversold positions, and secondly they were relatively unconcerned about restrictions on short selling, having traded pan Asian markets for over 10 years, and as such being relatively used to issues around short selling restrictions.
The Arnott opportunities fund is an equity long/short strategy investing in Australia and Asia. The manager's total FUM is US $825 million, with the majority of that ($775 million) in The Opportunities Fund. By the end of October 2008 the fund will have a three-year track record.
