Fortitude Capital's onshore absolute return fund has maintained its ranking as the only Australian fund to record a positive performance in every month of 2008. Given the extreme volatility of the markets this year, coupled with the ASIC short selling ban which was introduced partway through September, the result justifies Fortitude recently taking out the 2008 hedge fund of the year award.
Fortitude's Cayman offshore fund returned +2.10% in September for an annual result of +5.27%, but has not quite been able to achieve a positive return every month, with small losses of -0.43% and -0.29% in June and March respectively
Fortitude Capital Absolute Return Trust is a multi-strategy market neutral fund specialising in listed Australian equities and derivatives.
