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| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
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| Latest 24 Months | |
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| FUM (millions) | |
| 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 | Ten of the Fund's long positions outperformed the S&P/ASX-100's fall in February, with four positions delivering positive returns. The long portfolio outperformed the market by +1.90% this month, although was unable to provide any significant buffer to the Fund, which tends to occur during risk-on rallies. Six of the short positions outperformed the S&P/ASX-100's fall in February. The performance of the short book was negatively impacted by a relatively small number of outliers moving against the Fund. The average net monthly exposure of the portfolio was -0.94%. |
| More Information |
