| 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 | |
| Manager Comments | The Fund's underperformance over the month was mostly due to the ECB disappointment, which saw the Fund lose on an overweight position in European stocks and take a further hit on their currency hedging over the Euro. The best contributor was a market neutral trade. The short legs delivered the majority of the profit as Waddell & Reed and Franklin Resources fell heavily on concerns about fund flows. An unhedged short position against emerging markets focused fund manager Aberdeen also did well. Three banking sector trades also made solid contributions. The Fund began January fully invested but early month jitters cause the Fund to raise cash. Click below to read more. |
| More Information |
