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20 Jul 2016 - KIS Asia Long Short Fund

By: Australian Fund Monitors
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Report Date18 July 2016
ManagerKIS Capital Partners
Fund NameKIS Asia Long Short Fund
StrategyEquity Long/Short
Latest Return DateJune 2016
Latest Return2.41%
Latest 6 Months7.73%
Latest 12 Months14.78%
Latest 24 Months22.57%
Annualised Since Inception14.17%
Inception Date01 October 2009
FUM (millions)AU$86
Fund OverviewThe Fund's investment objective is to generate absolute returns, in Australian dollars, of around 15% p.a. after all fees without noticeable correlation to any particular asset class or market.
Whilst the Fund's primary strategy is focused on long/short equities, the ability to retain discretionary powers to allocate across a number of other investment strategies is reserved. These strategies may include, but not be limited to: convertible bond investments, portfolio hedging, equity related arbitrage, special situations (e.g. merger arbitrage, rights offerings, participation in international public offerings and placements, etc.).
The Fund's geographic focus is Asia excluding Japan, but including Australia). The Fund may invest outside of this region to the extent that:
1. The investment decision is driven from the Asian region or;
2. The exposure is intended to mitigate risk or enhance return from factors external to the Asian region.
Manager CommentsKIS Asia Long Short Fund rose 2.41% for the month of June 2016. Since inception, the Fund has an annualised return of 14.17% p.a. In comparison, the AFM Asia Pacific ex-Japan Index has an annualised returned of 2.89% p.a. The Fund has achieved this double-digit performance with lower volatility of 5.56%, to give notable Sharpe and Sortino ratios of 1.98 (Index -0.04) and 4.23 (Index -0.05) respectively.

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