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| Fund Overview | The Fund is a long/short investment fund principally investing in listed entities, commodities, futures and options in Australia and internationally. The Fund is not a market neutral fund and accordingly may switch between net long positions and net short positions. The Fund may use short sales and derivatives. Gearing may be used to enhance returns and the Fund may be geared in excess of 100% of the Fund's Net Asset Value. There is a limit to net exposure of 150%. |
| Manager Comments | At month-end, the fund had a net exposure of 21.2% and a gross exposure of 313.0%. The fund held 139 positions (65 long and 74 short) that were diversified across multiple investment themes. Top contributors were short positions in BT Investment Management and Macquarie and a long position in Appen. Biggest detractors were long positions in CYBG PLC, McMillan Shakespeare -1.10% and Smartgroup. Click below to read the latest Fund's Monthly Report. |
| More Information |
