Bennelong's Long/Short Equity Fund has produced a positive result of +3.78% in October, with the manager lamenting the lost opportunities associated with the ongoing short selling ban.
In the latest monthly comment, the Manager's view is that there is likely to be further deleveraging as domestic corporate and household sectors have not yet sufficiently reduced leverage from the previously grossly inflated levels, and that this will possibly lead to further disorderly (i.e. forced) debt reduction.
Bennelong has been one of the best performing Equity Managers in the Australian market this year with performance YTD of 7.92%.
