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| Fund Overview | The fund targets a net market exposure of 0% to hedge broader market risks through 30 S&P/ASX-100 positions (15 long and 15 short equally weighted positions). The turnover is generally averaged around 30% of the total portfolio each month. The process is entirely systematic - stock selection and risk management are all employed in a rules based approach. The Market Neutral Long/Short Fund employs no financial leverage, no derivatives and no financial products to imitate leverage. The Investment Manager's three principal investment goals for the Fund are: 1. Market neutral long/short portfolio management with little correlation to equity markets; 2. Over a 3-5 year period, seeking to target annualised volatility of 15% per annum and annualised returns of 15-30% per annum above the Benchmark; Sharpe Ratio 1.0-2.0 and a negative beta to ASX listed equities; and 3. To provide investors with a co-investment opportunity alongside the founding members' investments in the Investment Manager's strategy. |
| Manager Comments | Qantas was the highest conviction stock for the month, ranking 1st overall on Qato's Q-Score. Qantas returned +16.87% in December, generating +14.47% of alpha. The Q-Score selected four positions from the worst ten S&P/ASX-100 positions in December, producing significant alpha for the Fund. The average net monthly exposure of the portfolio was 3.82%. Click below to the read the latest Fund Manager's Report. |
| More Information |
